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!Notice for foreigner!
  1. All the properties posted to this website arereal estate sold based on the Japanese law, and the point of contact for it is the court.
  2. The court dose not involve in the availabilit, state, and hand over the property. Therefore, please keep in mind that it would be impossible the trading without the agent.
  3. If the propery's base bid price is low there is possibility that the bid target could be a part of sheres of coownership or there is amount of administrative expenses delinquent (the highest bidder should pay for it) . So that most of case that the highest bidder can not use the property even if he/she purchase it or the large coste may occur with additional. Therefore we do not support the auction the base bidding price is under 1,000,000yen.
  4. The estimated purchase price is approximate 15 to 20% off market price in urban area. In case of suburb or resort are, the purchase price could be at less than half the market price.
  5. Those who do not have a certificate of residence in Japan, it may take more than a month to prepare it.
  6. Those who do not have a bank account in Japan's financial institution can not basically participate in bidding. Or you can use the Agent's account by paying a extra fee.
  7. It is extremely difficult for foreigners to use loans. If you have a certificate of residence in Japan, you can use it, however please take responsibility at your own risk.

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House: Tsubame, Niigata

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Registered virtual bidding 0properties Input
base bid price ¥ 12,810,000
estimate winning bid ¥
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Asset type
House
Yield
9.5%
Rank
BRank
To the bid due30 days left

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Base bid price 12,810,000yen You can bid above 10,248,000yen
To the bid due 30 days left Disclosed on Nov 9, 2018

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Location

Location Tsubame, Niigata
Traffic access on report(japanese) 上越新幹線「燕三条」駅 北方 直線距離 約250m 道路距離 約700m
バス停「地場産センター前」約550m
Reference(japanese) JR弥彦線 燕三条 南東方 0.23km
JR弥彦線 燕 北西方 2.06km
JR弥彦線 北三条 南東方 2.53km
Map Tsubame, Niigata [Area map]

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 498.70m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 145-2
Registered type Shop Actual -
Registered structure WoodenZinc-coated steel sheetroofedOne-story Actual Wooden・Lightsteel structuredZinc-coated steel sheetroofedOne-story
Registered floor area 119.65m2 Actual ca.144.65m2
Layout - Land right Ownership
Occupant Yes Year/month built 2004/06

Numerical data

Cap rate 9.5% Area 145㎡
Gross yield 13.1% Base bid price 12,810,000yen
Lease demand 14 / 25pt Minimum bid price 10,248,000yen
Ratio of years passed
to depreciable years
56% Earnest money deposit 2,562,000yen
Year/ month built 2004/06(14 years old)

Court data

Case number 2018(M)11 Announced Nov 9, 2018
Court Niigata District Court (Sanjo) Start of viewing Nov 9, 2018
Sale type Sealed bid auction (1 times) Bid period Dec 7, 2018 ~ Dec 14, 2018
Farm land - Result Dec 19, 2018
Sale decision Dec 26, 2018 Special sale Dec 25, 2018 ~ Jan 7, 2019
Points to note

Property price for assets not on court auctions does not include miscellaneous purchase expenses of about 7.5%.

Thus buying the asset at 12810000yen in court auction is the same as buying the asset out of court auction at 11920000yen(excluding misc. expenses).

In foreclosed properties, expenses for purchasing differ from ordniary purchase. Generally, however, it takes about 30%, depending on location and asset, in intermediary margins. Court auction is the sole market in which general public can eliminiate this margin.

For the same money, one can acquire better quality in foreclosed properties: auction concierges of 981.jp provide useful assistance.

*Above figures are based on base bid prices. For actual total costs, see 「bid simulation」.

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