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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: Sanjo, Niigata

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base bid price ¥ 2,110,000
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Asset type
To the bid due38 days left

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Base bid price 2,110,000yen You can bid above 1,688,000yen
To the bid due 38 days left Disclosed on Dec 7, 2018

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Location Sanjo, Niigata
Traffic access on report(japanese) JR信越本線 三条駅 南西方 道路距離 約550m 「三条駅」バス停 南方 道路距離 約500m
Reference(japanese) JR弥彦線 北三条 北方 1.56km JR弥彦線 東三条 北東方 1.79km JR信越本線(直江津〜新潟) 東三条 北東方 1.79km
Map Sanjo, Niigata [Area map]

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 315.27m2 Actual area -
Zoning Industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 838-2
Registered type Factory・Office Actual -
Registered structure Wood・steel structuredCement tile roofed・Zinc-coated steel sheetroofed3story building Actual -
Registered floor area 1F 222.28m2,2F 83.89m2,3F 37.17m2 Actual 1F ca.240.28m2,2F ca.88.89m2,3F ca.42.17m2
Layout Factory・Office Land right Ownership
Occupant debtor・owner Year/month built 1971/01

Numerical data

Cap rate 70%以上 Area 371㎡
Gross yield 96%以上 Base bid price 2,110,000yen
Lease demand 12 / 25pt Minimum bid price 1,688,000yen
Ratio of years passed
to depreciable years
188% Earnest money deposit 422,000yen
Year/ month built 1971/01(47 years old)

Court data

Case number 2018(M)14 Announced Dec 7, 2018
Court Niigata District Court (Sanjo) Start of viewing Dec 7, 2018
Sale type Sealed bid auction (1 times) Bid period Jan 11, 2019 ~ Jan 21, 2019
Farm land - Result Jan 23, 2019
Sale decision Jan 30, 2019 Special sale Jan 28, 2019 ~ Feb 4, 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 2110000yen in court auction is the same as buying the asset out of court auction at 1960000yen(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 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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