printout House: Shimonoseki, Yamaguchi

Asset type
House
Yield
4.7%
Rank
★☆☆☆☆
Bid period ended

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Property URL

Base bid price 54,677,000yen You could bid above 43,741,600yen
Bid period ended

Results

Court classification House Sale price 55,555,555yen
Bid opening Sale Number of bidders 2
Winner qualification Individual

Location

Location Shimonoseki, Yamaguchi
Traffic access on report(japanese) JR山陽本線「長府」駅 南方 約3.3km【道路距離】 「松原」バス停 北西方 約220m【道路距離】
Reference(japanese) -

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 162.84m2 Actual area -
Zoning Low residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 2
Registered category Residential land Actual category -
Registered area 136.56m2 Actual area -
Zoning Low residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Property number 3
Registered category Residential land Actual category -
Registered area 133.17m2 Actual area -
Zoning Low residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Share sale Property number 4
Registered category Residential land Actual category Public road
Registered area 1.01m2 Actual area -
Zoning Low residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Share Quarter
Type Land Share sale Property number 5
Registered category Residential land Actual category Public road
Registered area 0.98m2 Actual area -
Zoning Low residential Class II Usage -
Building to land ratio 60% Floor area ratio 200%
Share Quarter
Type Building Property number 6
Building number 2845-15
Registered type Residence Actual -
Registered structure Lightsteel structuredTile roofed2F building Actual -
Registered floor area 1F 154.65m2,2F 127.48m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2017/06

Numerical data

Cap rate 4.7% Area 282㎡
Gross yield 6.5% Base bid price 54,677,000yen
Lease demand 2 / 25pt Minimum bid price 43,741,600yen
Ratio of years passed
to depreciable years
24% Earnest money deposit 10,935,400yen

Court data

Case number 2023(M)16 Announced 2024/03/19
Court Yamaguchi District Court (Shimonoseki) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/04 ~ 2024/04/11
Farm land - Result 2024/04/17
Sale decision 2024/05/01 Special sale -

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Search similar properties Pro Basic List of similar properties nearby and sold out List of similar props.
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 54677000yen in court auction is the same as buying the asset out of court auction at 50860000yen(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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