printout House: Suzuka, Mie

Asset type
House
Yield
8.1%
Rank
★★★☆☆
Bid period ended

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Property URL

Base bid price 12,440,000yen You could bid above 9,952,000yen
Bid period ended

Results

Court classification House Sale price 23,290,000yen
Bid opening Sale Number of bidders 10
Winner qualification Corporation

Location

Location Suzuka, Mie
Traffic access on report(japanese) 近鉄鈴鹿線「鈴鹿市」駅 北方 直線距離 約900m
Reference(japanese) JR関西本線 河曲駅 南東方 1.47km 伊勢鉄道伊勢線 鈴鹿駅 北方 1.59km 近鉄鈴鹿線 三日市駅 北東方 2.23km

Property data

Type Land Property number 1
Registered category Residential land Actual category -
Registered area 157.81m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Type Land Share sale Property number 2
Registered category Residential land Actual category -
Registered area 0.32m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share Half
Type Land Share sale Property number 3
Registered category Residential land Actual category -
Registered area 0.32m2 Actual area -
Zoning High residential Class I Usage -
Building to land ratio 60% Floor area ratio 200%
Share Half
Type Building Property number 4
Building number 405-8
Registered type Residence Actual -
Registered structure WoodenAlloyplatingsteel sheet roofed2F building Actual -
Registered floor area 1F 56.10m2,2F 52.99m2 Actual -
Layout Others Land right Ownership
Occupant debtor・owner Year/month built 2021/02

Numerical data

Cap rate 8.1% Area 109㎡
Gross yield 11.1% Base bid price 12,440,000yen
Lease demand 15 / 25pt Minimum bid price 9,952,000yen
Ratio of years passed
to depreciable years
13% Earnest money deposit 2,488,000yen

Court data

Case number 2023(M)62 Announced 2024/03/22
Court Tsu District Court (Main) Start of viewing 2024/03/22
Sale type Sealed bid auction (1 times) Bid period 2024/04/05 ~ 2024/04/12
Farm land - Result 2024/04/18
Sale decision 2024/05/07 Special sale 2024/05/10 ~ 2024/05/10

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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 12440000yen in court auction is the same as buying the asset out of court auction at 11570000yen(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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