printout Land: Ashikaga, Tochigi

Asset type
Land
Yield
-
Rank
★★☆☆☆
Bid period ended

Property image

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Property URL

Base bid price 5,881,000yen You could bid above 4,704,800yen
Bid period ended

Results

Court classification Land Sale price -
Bid opening No sale Number of bidders -
Winner qualification -

Location

Location Ashikaga, Tochigi
Traffic access on report(japanese) JR両毛線「足利」駅 南東方 約2.8km(直線距離)
Reference(japanese) 東武伊勢崎線 東武和泉駅 東方 2.00km

Property data

Type Land Property number 9
Registered category Forest Actual category Other land
Registered area 520m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 10
Registered category Farm Actual category Other land
Registered area 68m2 Actual area -
Zoning Semi-industrial Usage -
Building to land ratio 60% Floor area ratio 200%

Numerical data

Cap rate - Area 588㎡
Gross yield - Base bid price 5,881,000yen
Lease demand 13 / 25pt Minimum bid price 4,704,800yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 1,176,200yen

Court data

Case number 2023(M)14 Announced 2024/03/15
Court Utsunomiya District Court (Ashikaga) Start of viewing 2024/03/15
Sale type Sealed bid auction (1 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/24
Sale decision 2024/05/14 Special sale 2024/04/25 ~ 2024/04/30

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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 5881000yen in court auction is the same as buying the asset out of court auction at 5470000yen(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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Bid 0,000yen Support service 0,000yen
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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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Total cost of acquisition 0,000yen

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Projected yield %