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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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Farm: Fukui, Fukui

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Registered virtual bidding 0properties Input
base bid price ¥ 40,000
estimate winning bid ¥
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Asset type
Farm
Yield
-
Rank
BRank
To the bid due89 days left

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Base bid price 40,000yen You can bid above 32,000yen
To the bid due 89 days left Disclosed on Feb 14, 2019

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Map Fukui, Fukui [Area map]

Location

Location Fukui, Fukui
Traffic access on report(japanese) JR北陸本線「福井」駅 西方 約8.9km(道路距離)
Reference(japanese) -

Property data

Type Land(Farm) Property number 1
Registered category Rice field Actual category -
Registered area 59m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land(Farm) Property number 2
Registered category Farm Actual category -
Registered area 185m2 Actual area -
Zoning Preserved Usage -
Building to land ratio 60% Floor area ratio 200%

Numerical data

Cap rate - Area 244㎡
Gross yield - Base bid price 40,000yen
Lease demand 13 / 25pt Minimum bid price 32,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 8,000yen
Year/ month built -

Court data

Case number 2018(M)46 Announced Feb 14, 2019
Court Fukui District Court (Main) Start of viewing Feb 14, 2019
Sale type Sealed bid auction (1 times) Bid period May 10, 2019 ~ May 17, 2019
Farm land Result May 22, 2019
Sale decision May 29, 2019 Special sale May 23, 2019 ~ May 24, 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 40000yen in court auction is the same as buying the asset out of court auction at 40000yen(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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