printout Mansion: NishiTokyo, Tokyo

Asset type
Apartment
Yield
4.0%
Rank
★★☆☆☆
To the bid due2 days left

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Property URL

Base bid price 12,540,000yen You can bid above 10,032,000yen
To the bid due 2 days left

Location

Location NishiTokyo, Tokyo
Name of building ルネサンスフォート田無南町 same apartment.
Traffic access on report(japanese) 西武新宿線「田無」駅 南西方 約1.1km(道路距離,徒歩約14分) 最寄りバス停 徒歩約4分
Reference(japanese) 西武新宿線 花小金井駅 東方 1.45km JR中央線 東小金井駅 北方 2.40km

Property data

Type Apartment building Share sale Property number 1
Building number 南町六丁目1402-1-408
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 4F part 67.45m2 Actual -
Layout Residence 3LDK(洋Room×2+和Room×1)+トratingルーム Balcony Yes
Service fee etc. 30,580 Land right Ownership・Others
Occupant Yes Year/month built 2005/02
Floor 4F / 8 Total units 106

Numerical data

Cap rate 4.0% Area 67㎡
Gross yield 5.5% Base bid price 12,540,000yen
Lease demand 23 / 25pt Minimum bid price 10,032,000yen
Ratio of years passed
to depreciable years
40% Earnest money deposit 2,508,000yen

Court data

Case number 2023(O)122 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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!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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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 12540000yen in court auction is the same as buying the asset out of court auction at 11670000yen(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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