printout Farm: Izumo, Shimane

Asset type
Bid period ended

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Base bid price 9,974,000yen You could bid above 7,979,200yen
Bid period ended Disclosed on 2020/03/13

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Court classification Farm Sale price -
Bid opening No sale Number of bids -
Winner qualification -


Location Izumo, Shimane
Traffic access on report(japanese) JR山陰本線「出雲市」駅 北西方 道路距離 約3.6km
Reference(japanese) 一畑電車大社線 遙堪 北方 2.23km 一畑電車大社線 浜山公園北口 北西方 2.76km 一畑電車北松江線 電鉄出雲市 東方 2.99km

Property data

Type Land(Farm) Property number 3
Registered category Rice field Actual category Other land
Registered area 833m2 Actual area -
Zoning Undesignated in urban plan area Usage vacant lot
Building to land ratio 70% Floor area ratio 200%

Numerical data

Cap rate - Area 833㎡
Gross yield - Base bid price 9,974,000yen
Lease demand 10 / 25pt Minimum bid price 7,979,200yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 1,994,800yen
Year/ month built -

Court data

Case number 2018(O)14 Announced 2020/03/13
Court Matsue District Court (Main) Start of viewing 2020/03/13
Sale type Sealed bid auction (1 times) Bid period 2020/05/13 ~ 2020/05/20
Farm land Result 2020/05/27
Sale decision 2020/06/24 Special sale 2020/05/28 ~ 2020/06/03
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 9974000yen in court auction is the same as buying the asset out of court auction at 9280000yen(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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