printout Land: Miyazu, Kyoto

Asset type
Land
Yield
-
Rank
☆☆☆☆☆
Bid period ended

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Base bid price 7,130,000yen You could bid above 5,704,000yen
Bid period ended

Results

Court classification Land Sale price -
Bid opening No sale Number of bidders -
Winner qualification -

Location

Location Miyazu, Kyoto
Traffic access on report(japanese) 京都丹後鉄道宮福線「宮津」駅 北東方 道路距離 約1100m
Reference(japanese) 宮舞線 宮津駅 北東方 1.59km 宮豊線 宮津駅 北東方 1.59km 宮福線 宮村駅 北東方 2.94km

Property data

Type Land Property number 1
Registered category Other land Actual category Residential land
Registered area 286m2 Actual area -
Zoning Residential Class I Usage vacant lot
Building to land ratio 60% Floor area ratio 200%
Type Land Share sale Property number 2
Registered category Public road Actual category -
Registered area 208m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share 5分-1
Type Land Share sale Property number 3
Registered category Public road Actual category -
Registered area 10m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share 5分-1
Type Land Share sale Property number 4
Registered category Public road Actual category -
Registered area 24m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share 5分-1

Numerical data

Cap rate - Area 528㎡
Gross yield - Base bid price 7,130,000yen
Lease demand 3 / 25pt Minimum bid price 5,704,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 1,426,000yen

Court data

Case number 2023(M)6, 2023(M)8 Announced -
Court Kyoto District Court (Miyazu) Start of viewing 2024/04/17
Sale type Special sale (1 times) Special sale 2024/05/07 ~ 2024/05/07
Farm land - Result -

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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 7130000yen in court auction is the same as buying the asset out of court auction at 6630000yen(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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