printout House: Uruma, Okinawa

Asset type
House
Yield
5.8%
Rank
☆☆☆☆☆
Bid period ended

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Property URL

This property became Change
Bid period ended

Results

Court classification House Sale price -
Bid opening Change Number of bidders -
Winner qualification -

Location

Location Uruma, Okinawa
Traffic access on report(japanese) 最寄バス停「川田入口」 東方 約100m(徒歩約1分,道路距離)
Reference(japanese) -

Property data

Type Land Property number 3
Registered category Residential land Actual category -
Registered area 390.64m2 Actual area -
Zoning TBD Usage -
Building to land ratio 60% Floor area ratio 200%
Type Building Property number 4
Building number 1444-
Registered type Residence Actual Hotel
Registered structure SteelconcreteFlat-roofedOne-story Actual -
Registered floor area 97.04m2 Actual -
Layout 2LDK Land right Ownership
Occupant Yes Year/month built 1960/05

Numerical data

Cap rate 5.8% Area 97㎡
Gross yield 8.0% Base bid price 13,330,000yen
Lease demand 12 / 25pt Minimum bid price 10,664,000yen
Ratio of years passed
to depreciable years
134% Earnest money deposit 2,666,000yen

Court data

Case number 2023(M)29 Announced 2024/03/19
Court Naha District Court (Okinawa) Start of viewing 2024/03/19
Sale type Sealed bid auction (1 times) Bid period 2024/04/09 ~ 2024/04/16
Farm land - Result 2024/04/23
Sale decision 2024/05/14 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 13330000yen in court auction is the same as buying the asset out of court auction at 12400000yen(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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