printout House: Tenbaku, Nagoya, Aichi

Asset type
House
Yield
6.5%
Rank
★★★☆☆
To the bid due16 days left

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Property URL

Base bid price 34,330,000yen You can bid above 27,464,000yen
To the bid due 16 days left

Location

Location Tenbaku, Nagoya, Aichi
Traffic access on report(japanese) 地下鉄桜通線「野並」駅 北方 道路距離 約700m
Reference(japanese) 名古屋市営地下鉄桜通線 鶴里駅 東方 1.05km 名古屋市営地下鉄名城線 瑞穂運動場東駅 南方 1.75km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 120.90m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 78-1
Registered type Apartment Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed3story building Actual -
Registered floor area 1F 66.39m2,2F 58.41m2,3F 58.41m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2018/10

Numerical data

Cap rate 6.5% Area 183㎡
Gross yield 8.9% Base bid price 34,330,000yen
Lease demand 20 / 25pt Minimum bid price 27,464,000yen
Ratio of years passed
to depreciable years
22% Earnest money deposit 6,866,000yen

Court data

Case number 2023(M)205 Announced 2024/06/11
Court Nagoya District Court (Main) Start of viewing 2024/06/11
Sale type Sealed bid auction (1 times) Bid period 2024/06/26 ~ 2024/07/03
Farm land - Result 2024/07/10
Sale decision 2024/07/24 Special sale 2024/07/17 ~ 2024/07/17
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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 34330000yen in court auction is the same as buying the asset out of court auction at 31930000yen(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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