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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: Bandou, Ibaraki

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Registered virtual bidding 0properties Input
base bid price ¥ 9,790,000
estimate winning bid ¥
my memo
Asset type
House
Yield
47.1%
Rank
ARank
To the bid due33 days left

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Base bid price 9,790,000yen You can bid above 7,832,000yen
To the bid due 33 days left Disclosed on Dec 7, 2018

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Location

Location Bandou, Ibaraki
Traffic access on report(japanese) つくばエクスプレス 守谷駅 北西方 約16km 原口バス停留所 北東方 約300m
Reference(japanese) -
Map Bandou, Ibaraki [Area map]

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 331.00m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 1146-15
Registered type Training facility・Residence Actual -
Registered structure steel structuredZinc-coated steel sheetroofed2F building Actual -
Registered floor area 1F 128.29m2,2F 273.05m2 Actual 1F ca.145.68m2,2F 273.05m2
Layout - Land right Ownership
Occupant debtor・owner Year/month built 1991/05
Type Land Property number 3
Registered category Other land Actual category Residential land
Registered area 51m2 Actual area -
Zoning Residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%

Numerical data

Cap rate 47.1% Area 419㎡
Gross yield 64.8% Base bid price 9,790,000yen
Lease demand 14 / 25pt Minimum bid price 7,832,000yen
Ratio of years passed
to depreciable years
108% Earnest money deposit 1,958,000yen
Year/ month built 1991/05(27 years old)

Court data

Case number 2018(M)61 Announced Dec 7, 2018
Court Mito District Court (Shimotsuma) Start of viewing Dec 7, 2018
Sale type Sealed bid auction (1 times) Bid period Jan 9, 2019 ~ Jan 16, 2019
Farm land - Result Jan 23, 2019
Sale decision Jan 30, 2019 Special sale Jan 24, 2019 ~ Jan 30, 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 9790000yen in court auction is the same as buying the asset out of court auction at 9110000yen(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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