printout Mansion: Hachioji, Tokyo

Asset type
Apartment
Yield
6.3%
Rank
★★☆☆☆
Bid period ended

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Property URL

This property became Stop
Bid period ended

Results

Court classification Apartment Sale price -
Result Suspend Number of bidders -
Winner -

Location

Location Hachioji, Tokyo
Name of building ライオンズマンション西八王子第3 same apartment.
Traffic access on report(japanese) JR中央線「西八王子」駅 北東方 約900m(道路距離) 徒歩約11分 JR中央線「八王子」駅 北西方 約1.9km(道路距離) 最寄りバス停 徒歩約1分
Reference(japanese) JR八高線 八王子駅 西方 1.65km JR横浜線 八王子駅 西方 1.78km 京王高尾線 山田駅 北方 1.87km

Property data

Type Apartment building Property number 1
Building number 八Wood町5-7-401
Registered type Residence Actual -
Registered structure steel structuredSteelconcrete1 story building Actual -
Registered area 4F part 16.35m2 Actual -
Layout Studio(洋Room,ミニキッチン,Bath・Restroom・洗面(3点ユニットバス)etc.) Balcony Yes
Service fee etc. 6,710 Land right Ownership
Occupant Yes Year/month built 1990/01
Floor 4F / 11 Total units 92

Numerical data

Cap rate 6.3% Area 16㎡
Gross yield 8.7% Base bid price 3,030,000yen
Lease demand 21 / 25pt Minimum bid price 2,424,000yen
Ratio of years passed
to depreciable years
72% Earnest money deposit 606,000yen

Court data

Case number 2023(O)113 Announced 2024/04/22
Court Tokyo District Court (Tachikawa) Start of viewing 2024/04/22
Sale type Sealed bid auction (1 times) Bid period 2024/05/08 ~ 2024/05/15
Farm land - Result 2024/05/21
Sale decision 2024/06/05 Special sale 2024/05/22 ~ 2024/05/24

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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 3030000yen in court auction is the same as buying the asset out of court auction at 2820000yen(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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