printout House: Kurashiki, Okayama

Asset type
House
Yield
68.0%
Rank
★★★☆☆
To the bid due6 days left

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Property URL

Base bid price 2,061,000yen You can bid above 1,648,800yen
To the bid due 6 days left

Location

Location Kurashiki, Okayama
Traffic access on report(japanese) 水島臨海鉄道 水島駅 西方 直線 約1,550m
Reference(japanese) 水島臨海鉄道水島本線 三菱自工前駅 北西方 1.13km

Property data

Type Land Property number 2
Registered category Residential land Actual category -
Registered area 142.87m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 3
Building number 61-6
Registered type Office Actual -
Registered structure steel structuredConcrete blockFlat-roofed2F building Actual -
Registered floor area 1F 72.30m2,2F 82.50m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 1971/01

Numerical data

Cap rate 68.0% Area 154㎡
Gross yield 93.5% Base bid price 2,061,000yen
Lease demand 15 / 25pt Minimum bid price 1,648,800yen
Ratio of years passed
to depreciable years
139% Earnest money deposit 420,000yen

Court data

Case number 2023(M)114 Announced 2024/04/12
Court Okayama District Court (Main) Start of viewing 2024/04/12
Sale type Sealed bid auction (1 times) Bid period 2024/05/09 ~ 2024/05/16
Farm land - Result 2024/05/23
Sale decision 2024/06/13 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 2061000yen in court auction is the same as buying the asset out of court auction at 1920000yen(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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