printout House: HigashiOmi, Shiga

Asset type
House
Yield
70%以上
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 3,730,000yen You could bid above 2,984,000yen
Bid period ended

Results

Court classification House Sale price 4,299,000yen
Bid opening Sale Number of bidders 2
Winner qualification Corporation

Location

Location HigashiOmi, Shiga
Traffic access on report(japanese) 近江鉄道八日市線「新八日市」駅 南西方 道路距離 約470m 最寄バス停「天理教前」 北西方 約300m
Reference(japanese) 近江鉄道八日市線 太郎坊宮前駅 東方 0.27km 近江鉄道本線 八日市駅 南西方 0.89km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 360.69m2 Actual area -
Zoning High residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 2
Building number 419-2
Registered type Office・Warehouse Actual -
Registered structure steel structuredconcreteZinc-coated steel sheetroofedFlat-roofed2F building Actual SteelconcreteZinc-coated steel sheetroofedFlat-roofed3story building
Registered floor area 1F 375.03m2,2F 139.78m2 Actual 1F ca.154.43m2,2F 139.78m2,3F ca.90m2
Layout Others Land right Ownership
Occupant Yes Year/month built 1969/07

Numerical data

Cap rate 70%以上 Area 384㎡
Gross yield 96%以上 Base bid price 3,730,000yen
Lease demand 13 / 25pt Minimum bid price 2,984,000yen
Ratio of years passed
to depreciable years
114% Earnest money deposit 746,000yen

Court data

Case number 2020(M)27 Announced 2024/03/18
Court Otsu District Court (Hikone) Start of viewing 2024/03/18
Sale type Sealed bid auction (6 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 3730000yen in court auction is the same as buying the asset out of court auction at 3470000yen(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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