printout Mansion: Chuo, Kumamoto, Kumamoto

Asset type
Apartment
Yield
4.7%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 15,480,000yen You could bid above 12,384,000yen
Bid period ended

Results

Court classification Apartment Sale price 17,700,000yen
Bid opening Sale Number of bidders 7
Winner qualification Corporation

Location

Location Chuo, Kumamoto, Kumamoto
Name of building パークマンション水前寺公園 same apartment.
Traffic access on report(japanese) JR豊肥本線「新水前寺」駅 南東方 道路距離 約1.2km 最寄バス停「砂取校前」 北西方 約110m(徒歩約2分)
Reference(japanese) 熊本市電A系統 市立体育館前駅 東方 0.15km 熊本市電B系統 市立体育館前駅 東方 0.15km

Property data

Type Apartment building Property number 1
Building number 水前寺Park709-1-403
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 4F part 77.74m2 Actual -
Layout 4LDK バルコニー:有 Balcony Yes
Service fee etc. 11,270 Land right Ownership
Occupant debtor・owner Year/month built 1998/07
Floor 4F / 14 Total units 113

Numerical data

Cap rate 4.7% Area 77㎡
Gross yield 6.5% Base bid price 15,480,000yen
Lease demand 17 / 25pt Minimum bid price 12,384,000yen
Ratio of years passed
to depreciable years
53% Earnest money deposit 3,096,000yen

Court data

Case number 2023(M)59 Announced 2024/05/28
Court Kumamoto District Court (Main) Start of viewing 2024/05/28
Sale type Sealed bid auction (1 times) Bid period 2024/06/11 ~ 2024/06/18
Farm land - Result 2024/06/24
Sale decision 2024/07/08 Special sale -

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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 15480000yen in court auction is the same as buying the asset out of court auction at 14400000yen(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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