printout House: Izumisano, Osaka

Asset type
House
Yield
11.2%
Rank
★★★☆☆
Bid period ended

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Base bid price 152,670,000yen You could bid above 122,136,000yen
Bid period ended

Results

Court classification House Sale price 400,028,120yen
Bid opening Sale Number of bidders 10
Winner qualification Corporation

Location

Location Izumisano, Osaka
Traffic access on report(japanese) 南海本線 羽倉崎駅 南方 道路距離 約1,000m
Reference(japanese) 南海本線 吉見ノ里駅 東方 0.96km JR関西空港線 りんくうタウン駅 南方 2.12km 南海空港線 りんくうタウン駅 南方 2.12km

Property data

Type Land Property number 1
Registered category Other land Actual category Residential land
Registered area 1633m2 Actual area -
Zoning Residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 180-3
Registered type Nursing home Actual -
Registered structure steel structuredFlat-roofed3story building Actual -
Registered floor area 1F 564.24m2,2F 565.74m2,3F 565.74m2 Actual -
Layout 1F:Office・Restaurant・厨房・個Room5Roometc.,2F:個Room19Roometc.,3F:個Room20Roometc.. Land right Ownership
Occupant Yes Year/month built 2019/06

Numerical data

Cap rate 11.2% Area 1,695㎡
Gross yield 15.4% Base bid price 152,670,000yen
Lease demand 18 / 25pt Minimum bid price 122,136,000yen
Ratio of years passed
to depreciable years
16% Earnest money deposit 30,534,000yen

Court data

Case number 2023(M)44 Announced 2024/03/15
Court Osaka District Court (Kishiwada) Start of viewing 2024/03/15
Sale type Sealed bid auction (1 times) Bid period 2024/04/05 ~ 2024/04/12
Farm land - Result 2024/04/19
Sale decision 2024/05/10 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 152670000yen in court auction is the same as buying the asset out of court auction at 142020000yen(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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