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About location
Nachi-Katsuura in Wakayama Prefecture seamlessly combines natural beauty with rich history, featuring UNESCO World Heritage Sites such as Nachi Falls and the Kumano pilgrimage route. It also boasts stunning coastal vistas and serves as a prominent tuna port. Irokawa, a village within Nachi-Katsuura with a population of 300, more than half of whom are newcomers, is known for its organic farming and picturesque stone wall landscapes, appealing to those in search of tranquility.
Ryogonji temple property
Ryogonji temple is an untended property, perched atop the mountains and overlooking the quaint village of Irokawa. It exudes a maternal presence, akin to a guardian watching over a land reborn.
Since its establishment in 1857, it has been a spiritual haven for the community.
The temple, along with its distinctive stone stair construction technique, has been recognized as an official Tangible Cultural Heritage site. Perched on a hill, it offers breathtaking panoramic views and, alongside Irokawa village, holds the potential to become a vibrant cultural hub within the Nachi-Katsuura region.
Activities
One of the highlights of Irokawa is its thriving organic farming community, which has enticed numerous settlers. Explore unique experiences such as tea leaf picking, mochi pounding, and guided trail walks with experienced wild game hunters. In Nachi-Katsuura, immerse yourself in a spiritual pilgrimage and unwind in a riverside tent sauna. Engaging with the local community promises to enhance your stay and create cherished memories that will last a lifetime.
Local community
The Irokawa community is comprised of Buddhist priests, experienced farmers, skilled artisans and hunters united in their commitment to sustainability and heritage preservation.
About investment
Target Business
Business Type
Lodging Facility Management
Location
1422 Ono, Nachikatsuura Town, Higashimuro District, Wakayama Prefecture
Target Property
Ryogyoji Temple, including the living quarters and land
Built in
1857
Structure
Single-story wooden construction, tile roofing
Building Area
199m² (Main Hall only)
Investment
Planned Total Investment
¥34,540,000
Number of shares
1,000 shares / ¥34,540 each
Estimated ROI
9.0% (after tax, when vacation rental is run at $610/day and 50% occupancy rate)
Schedule
- Fundraising phase: 5/15/2024 – 7/31/2024
- Payment period: 6/21/2024 – 7/31/2024
- Issue of shares: 8/2/2024
Partnership
Our top candidate is Sharewing Co., Ltd. which operates lodgings in temples across Japan (currently 11 temples as of 2022), as our primary candidate for managing the lodging facilities. Sharewing Co., Ltd. has utilized the Takayama Zenkoji Temple in Hida Takayama, creating a successful case of continuously full bookings primarily from inbound tourists from the overseas. ※ Detailed figures are provided in the documents you can download here.
Explanatory session
Please watch the video of our explanatory session online and if you have any additional questions, book an individual private meeting online with the founder via Calendly.
+9%
Expected ROI when vacation rental is run at $610/day and 50% occupancy rate
34,540￥
INVEST FROM AS LITTLE AS USD 225/SHARE
(Up to 1000 Shares)
Fill in this form if you are interested in acquiring PlanetDAO property
Join a private online session with the team after watching the explanatory video.
Fill in this form to receive our presentation deck (PDF format) via email.
None of the information on our website (“Site”) should be construed as investment, financial, tax, or legal advice. Information on the Site has been prepared by PlanetDAO 001, Inc. (“PlanetDAO”) without reference to any particular individual’s investment goals or financial situation.Depending on the business situation, there is a possibility that dividends will not be paid to shareholders and the value of the shares may be significantly impaired. Please refer to PlanetDAO’s Terms of Service and the Statement of Important Matters for more details.