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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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Mansion: Minami, Yokohama, Kanagawa

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base bid price ¥ 3,720,000
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To the bid due23 days left

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Base bid price 3,720,000yen You can bid above 2,976,000yen
To the bid due 23 days left Disclosed on Feb 14, 2019

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Pro Basic List of similar properties nearby and sold out List of similar props.
Map Minami, Yokohama, Kanagawa [Area map]


Location Minami, Yokohama, Kanagawa
Name of building グローリア初穂大通り公園
Pro Same Apartment List for same apartment.
Traffic access on report(japanese) 横浜市営地下鉄ブルーライン「阪東橋」駅 北東方 約400m(道路距離) 横浜市営地下鉄ブルーライン「伊勢佐木長者町」駅 南西方 約400m(道路距離) 京浜急行線「黄金町」駅 南東方 約750m(道路距離)
Reference(japanese) 京急本線 日ノ出町 北西方 0.77km JR根岸線 関内 北東方 0.84km 横浜市高速鉄道1号線・3号線 関内 北東方 0.96km

Property data

Type Apartment building Property number 1
Building number 真金町22-17-602
Registered type Office Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 6F part 17.46m2 Actual -
Layout Studio Balcony ca.2.54m2
Service fee etc. 17,700 Land right Ownership
Occupant Yes Year/month built 1988/06
Floor 6F / 7 Total units 30

Numerical data

Cap rate 3.8% Area 17㎡
Gross yield 5.2% Base bid price 3,720,000yen
Lease demand 24 / 25pt Minimum bid price 2,976,000yen
Ratio of years passed
to depreciable years
63% Earnest money deposit 744,000yen
Year/ month built 1988/06(30 years old)

Court data

Case number 2018(M)396 Announced Feb 14, 2019
Court Yokohama District Court (Main) Start of viewing Feb 14, 2019
Sale type Sealed bid auction (1 times) Bid period Mar 5, 2019 ~ Mar 12, 2019
Farm land - Result Mar 19, 2019
Sale decision Mar 25, 2019 Special sale Mar 25, 2019 ~ Mar 29, 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 3720000yen in court auction is the same as buying the asset out of court auction at 3460000yen(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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