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Property information

House: Kagoshima, Kagoshima

Asset type
House
Yield
5.9%
Rank
★☆☆☆☆
Bid deadline is 2026/02/19

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Base bid price 192,660,000yen
You can bid above 154,128,000yen

Location

Location Kagoshima, Kagoshima
Traffic access on report(japanese) JR鹿児島本線「鹿児島中央」駅 北東方 約1.4km(直線距離) 「天文館」バス停 北西方 約100m(直線距離) 
Reference(japanese) 鹿児島市電1系統 天文館通駅 北西方 0.08km 鹿児島市電2系統 天文館通駅 北西方 0.08km

Property data

Type Land
Property number 1
Address 鹿児島市東千石町 11番25
Building number
Registered category Residential land
Actual category
Registered area 334.31m2
Actual area
Zoning Commercial
Usage
Building to land ratio 80%
Floor area ratio 500%
Type Building
Property number 2
Address 鹿児島市東千石町11番地25
Building number 11-25
Registered type Shop・Residence・Warehouse
Actual Shop・Warehouse・Office
Registered structure SteelconcreteFlat-roofed5story building
Actual
Registered floor area 1F 284.20m2,2F 210.99m2,3F 231.49m2,4F 210.23m2,5F 210.23m2
Actual 1F ca.279.20m2,2F 210.99m2,3F ca.253.99m2,4F 210.23m2,5F ca.142.23m2
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1984/02

Numerical data

Base bid price 192,660,000yen Area 1,096㎡
Cap rate 5.9%
Gross yield 8.1%
Lease demand 14 / 25pt Minimum bid price 154,128,000yen
Ratio of years passed
to depreciable years
89% Earnest money deposit 38,532,000yen

Court data

Case number 2025(M)63 Result 2026/02/25
Court Kagoshima District Court(Main) Start of viewing 2026/01/27
Sale type Sealed bid auction (1 times) Bid period 2026/02/12 ~ 2026/02/19
Sale decision 2026/03/11
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Analysis data

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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 192660000yen in court auction is the same as buying the asset out of court auction at 179220000yen(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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