printout House: Kagoshima, Kagoshima

Asset type
House
Yield
13.7%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 51,600,000yen You could bid above 41,280,000yen
Bid period ended

Results

Court classification House Sale price 60,000,125yen
Bid opening Sale Number of bidders 1
Winner qualification Corporation

Location

Location Kagoshima, Kagoshima
Traffic access on report(japanese) JR指宿枕崎線「谷山」駅 北西方 約2.9km(直線距離) 「中山校前」バス停 東方 約190m(直線距離)
Reference(japanese) 鹿児島市電1系統 谷山駅 北西方 2.74km JR指宿枕崎線 宇宿駅 西方 2.97km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 819.29m2 Actual area -
Zoning Low residential Class I Usage -
Building to land ratio 50% Floor area ratio 80%
Type Building Property number 2
Building number 3175-1
Registered type Nursing home Actual -
Registered structure WoodenSlate-roofed・Alloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 374.08m2,2F 311.36m2 Actual -
Layout Others Land right Ownership
Occupant Yes Year/month built 2016/01

Numerical data

Cap rate 13.7% Area 685㎡
Gross yield 18.8% Base bid price 51,600,000yen
Lease demand 13 / 25pt Minimum bid price 41,280,000yen
Ratio of years passed
to depreciable years
36% Earnest money deposit 10,320,000yen

Court data

Case number 2023(M)88 Announced 2024/03/19
Court Kagoshima District Court (Main) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/10 ~ 2024/04/17
Farm land - Result 2024/04/24
Sale decision 2024/05/15 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 51600000yen in court auction is the same as buying the asset out of court auction at 48000000yen(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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Eviction etc. 0,000yen Renovations 0,000yen
Others 0,000yen
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