printout House: Sano, Tochigi

Asset type
House
Yield
36.6%
Rank
★★☆☆☆
To the bid due20 days left

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Property URL

Base bid price 14,461,000yen You can bid above 11,568,800yen
To the bid due 20 days left

Location

Location Sano, Tochigi
Traffic access on report(japanese) 東武佐野線「佐野市」駅 西方 約0.9km(直線距離)
Reference(japanese) 東武佐野線 田島駅 北方 1.68km JR両毛線 佐野駅 南西方 1.71km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 585.27m2 Actual area -
Zoning Industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 957-5-2
Registered type Workshop・Residence・Shop Actual -
Registered structure steel structured・WoodenTile roofed3story building Actual -
Registered floor area 1F 63.00m2,2F 194.40m2,3F 194.40m2 Actual 1F ca.106.00m2,2F 194.40m2,3F 194.40m2
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1992/06

Numerical data

Cap rate 36.6% Area 494㎡
Gross yield 50.3% Base bid price 14,461,000yen
Lease demand 13 / 25pt Minimum bid price 11,568,800yen
Ratio of years passed
to depreciable years
124% Earnest money deposit 2,892,200yen

Court data

Case number 2024(M)6 Announced 2024/05/10
Court Utsunomiya District Court (Ashikaga) Start of viewing 2024/05/10
Sale type Sealed bid auction (1 times) Bid period 2024/06/05 ~ 2024/06/12
Farm land - Result 2024/06/19
Sale decision 2024/07/02 Special sale 2024/06/20 ~ 2024/06/24
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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 14461000yen in court auction is the same as buying the asset out of court auction at 13450000yen(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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