printout Mansion: Nishi, Niigata, Niigata

Asset type
Apartment
Yield
15.2%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 2,910,000yen You could bid above 2,328,000yen
Bid period ended

Results

Court classification Apartment Sale price 4,890,000yen
Bid opening Sale Number of bidders 7
Winner qualification Corporation

Location

Location Nishi, Niigata, Niigata
Name of building 小針浜コンドミニアム same apartment.
Traffic access on report(japanese) JR越後線「小針」駅 北西方 道路距離 約1.1km 新潟交通バス停「有明西」 北西方 道路距離 約400m
Reference(japanese) JR越後線 青山駅 西方 1.46km

Property data

Type Apartment building Property number 1
Building number 有明町5820-157-804
Registered type Residence Actual -
Registered structure steel structuredSteelconcrete2F building Actual -
Registered area 8F part 45.03m2,9F part 15.31m2 Actual -
Layout 2LDK 8Fand9F partにバルコニーがある. (概測により合計ca.8.5m2and査定). Balcony ca.8.5m2
Service fee etc. 14,030 Land right Ownership
Occupant debtor・owner Year/month built 1994/11
Floor 8Fand9F / 10 Total units 42

Numerical data

Cap rate 15.2% Area 60㎡
Gross yield 20.9% Base bid price 2,910,000yen
Lease demand 16 / 25pt Minimum bid price 2,328,000yen
Ratio of years passed
to depreciable years
61% Earnest money deposit 582,000yen

Court data

Case number 2023(M)73 Announced 2024/03/11
Court Niigata District Court (Main) Start of viewing 2024/03/11
Sale type Sealed bid auction (1 times) Bid period 2024/04/08 ~ 2024/04/15
Farm land - Result 2024/04/22
Sale decision 2024/05/13 Special sale 2024/04/24 ~ 2024/04/26

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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 2910000yen in court auction is the same as buying the asset out of court auction at 2710000yen(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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