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  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.
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  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.
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Farm: MinamiAshigara, Kanagawa

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Registered virtual bidding 0properties Input
base bid price ¥ 6,370,000
estimate winning bid ¥
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Asset type
Farm
Yield
-
Rank
BRank
To the bid due55 days left

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Base bid price 6,370,000yen You can bid above 5,096,000yen
To the bid due 55 days left Disclosed on Jun 19, 2019

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Map MinamiAshigara, Kanagawa [Area map]

Location

Location MinamiAshigara, Kanagawa
Traffic access on report(japanese) 伊豆箱根鉄道大雄山線「和田河原」駅 南西方 約750m(道路距離) バス停「神崎」徒歩約7分
Reference(japanese) 伊豆箱根鉄道大雄山線 富士フイルム前 北西方 0.84km 伊豆箱根鉄道大雄山線 大雄山 北西方 1.31km 伊豆箱根鉄道大雄山線 塚原 南東方 1.56km

Property data

Type Land(Farm) Property number 2
Registered category Rice field Actual category Farm
Registered area 707m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%

Numerical data

Cap rate - Area 707㎡
Gross yield - Base bid price 6,370,000yen
Lease demand 14 / 25pt Minimum bid price 5,096,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 1,274,000yen
Year/ month built -

Court data

Case number 2018(M)185 Announced Jun 19, 2019
Court Yokohama District Court (Odawara) Start of viewing Jun 19, 2019
Sale type Sealed bid auction (1 times) Bid period Oct 3, 2019 ~ Oct 10, 2019
Farm land Result Oct 16, 2019
Sale decision Oct 23, 2019 Special sale Oct 23, 2019 ~ Oct 30, 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 6370000yen in court auction is the same as buying the asset out of court auction at 5930000yen(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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