printout House: Sakai, Sakai, Osaka

Asset type
House
Yield
20.6%
Rank
★★★☆☆
Bid period ended

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Property URL

This property became Change
Bid period ended

Results

Court classification House Sale price -
Result Change Number of bidders -
Winner -

Location

Location Sakai, Sakai, Osaka
Traffic access on report(japanese) 南海高野線 堺東駅 南西方 道路距離 約900m
Reference(japanese) 阪堺電軌阪堺線 宿院駅 南東方 0.61km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 2052.79m2 Actual area -
Zoning Commercial Commercial Usage -
Building to land ratio 80% 80% Floor area ratio 600% 400%
Type Building Property number 2
Building number 100-2
Registered type Hotel・Garage Actual -
Registered structure steel structuredSteelconcreteFlat-roofedwith B1F10story building Actual -
Registered floor area 1F 869.29m2,2F 892.53m2,3F 891.13m2,4F 891.13m2,5F 891.13m2,6F 891.13m2,7F 891.13m2,8F 1161.32m2,9F 1179.14m2,10F 765.00m2,with B1F 1263.00m2 Actual 1F 869.29m2,2F ca. 926.03m2,3F ca. 924.63m2,4F ca. 924.63m2,5F ca. 924.63m2,6F ca. 907.93m2,7F ca. 924.63m2,8F ca.1194.82m2,9F ca.1212.64m2,10F ca. 796.80m2,with B1F 1263.00m2
Layout Others Land right Ownership
Occupant Yes Year/month built 1987/02

Numerical data

Cap rate 20.6% Area 10,869㎡
Gross yield 28.3% Base bid price 658,760,000yen
Lease demand 21 / 25pt Minimum bid price 527,008,000yen
Ratio of years passed
to depreciable years
78% Earnest money deposit 131,760,000yen

Court data

Case number 2023(M)60 Announced 2024/04/19
Court Osaka District Court (Sakai) Start of viewing 2024/04/19
Sale type Sealed bid auction (1 times) Bid period 2024/05/08 ~ 2024/05/16
Farm land - Result 2024/05/23
Sale decision 2024/06/06 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 658760000yen in court auction is the same as buying the asset out of court auction at 612800000yen(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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