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  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.
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Land: Susaki, Kochi

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Registered virtual bidding 0properties Input
base bid price ¥ 15,000,000
estimate winning bid ¥
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Asset type
Land
Yield
-
Rank
DRank
To the bid due26 days left

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Base bid price 15,000,000yen You can bid above 12,000,000yen
To the bid due 26 days left Disclosed on Nov 9, 2018

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Location

Location Susaki, Kochi
Traffic access on report(japanese) JR土讃線「多ノ郷」駅 道路距離 北西方 約0.4km
「岩永」バス停 南方 約0.2km
Reference(japanese) JR土讃線 大間 南西方 0.67km
JR土讃線 須崎 南方 2.06km
JR土讃線 吾桑 北方 2.13km
Map Susaki, Kochi [Area map]

Property data

Type Land Property number 16
Registered category Other land Actual category Residential land
Registered area 612m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 200%
Type Land Property number 17
Registered category Other land Actual category Residential land
Registered area 660m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 200%
Type Land Property number 18
Registered category Other land Actual category Residential land
Registered area 353m2 Actual area -
Zoning Undesignated in urban plan area Usage -
Building to land ratio 70% Floor area ratio 200%

Numerical data

Cap rate - Area 1,625㎡
Gross yield - Base bid price 15,000,000yen
Lease demand 5 / 25pt Minimum bid price 12,000,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 3,000,000yen
Year/ month built -

Court data

Case number 2018(M)5 Announced Nov 9, 2018
Court Kochi District Court (Main) Start of viewing Nov 9, 2018
Sale type Sealed bid auction (2 times) Bid period Dec 3, 2018 ~ Dec 10, 2018
Farm land - Result Dec 12, 2018
Sale decision Dec 19, 2018 Special sale Dec 17, 2018 ~ Dec 21, 2018
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 15000000yen in court auction is the same as buying the asset out of court auction at 13950000yen(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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Bid 0000yen Support service 0000yen
Registration tax 0000yen Liabilities 0000yen
Eviction etc. 0000yen Renovations 0000yen
Others 0000yen
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Total cost of acquisition 0000yen

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Calculte estimated return from the total cost
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