printout Land: Hikone, Shiga

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

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Base bid price 1,660,000yen You could bid above 1,328,000yen
Bid period ended

Results

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

Location

Location Hikone, Shiga
Traffic access on report(japanese) JR東海道本線「彦根」駅 南西方 道路距離 約1.5km 最寄バス停「銀座」 南東方 約450m
Reference(japanese) 近江鉄道本線 ひこね芹川駅 西方 0.44km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 188.27m2 Actual area -
Zoning Residential Class I Usage vacant lot
Building to land ratio 60% Floor area ratio 200%

Numerical data

Cap rate - Area 188㎡
Gross yield - Base bid price 1,660,000yen
Lease demand 16 / 25pt Minimum bid price 1,328,000yen
Ratio of years passed
to depreciable years
0% Earnest money deposit 332,000yen

Court data

Case number 2023(M)41 Announced 2024/03/18
Court Otsu District Court (Hikone) Start of viewing 2024/03/18
Sale type Sealed bid auction (2 times) Bid period 2024/04/08 ~ 2024/04/15
Farm land - Result 2024/04/22
Sale decision 2024/05/20 Special sale 2024/04/30 ~ 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 1660000yen in court auction is the same as buying the asset out of court auction at 1540000yen(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 %