printout Mansion: Kusatsu, Shiga

Asset type
Apartment
Yield
5.6%
Rank
★★☆☆☆
Bid period ended

Property image

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Property URL

Base bid price 22,400,000yen You could bid above 17,920,000yen
Bid period ended

Results

Court classification Apartment Sale price -
Bid opening No sale Number of bidders -
Winner qualification -

Location

Location Kusatsu, Shiga
Name of building 伽羅コート草津1番館 same apartment.
Traffic access on report(japanese) JR東海道本線「草津」駅 南東方 道路距離 約200m
Reference(japanese) JR草津線 草津駅 南東方 0.19km JR東海道本線 栗東駅 南西方 2.37km

Property data

Type Apartment building Property number 1
Building number grass津市大路一丁目 455-1-12
Registered type Shop Actual -
Registered structure steel structuredSteelconcrete1 story building Actual -
Registered area with B1F部分 128.80m2 Actual -
Layout 4LDK ※実際-使用実態は2LDK Balcony unknown
Service fee etc. 46,734 Land right Ownership
Occupant Yes Year/month built 2003/03
Floor with B1F / 14 Total units 79

Numerical data

Cap rate 5.6% Area 128㎡
Gross yield 7.7% Base bid price 22,400,000yen
Lease demand 22 / 25pt Minimum bid price 17,920,000yen
Ratio of years passed
to depreciable years
44% Earnest money deposit 4,480,000yen

Court data

Case number 2023(O)3 Announced 2024/03/26
Court Otsu District Court (Main) Start of viewing 2024/03/26
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 2024/04/26 ~ 2024/04/26

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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 22400000yen in court auction is the same as buying the asset out of court auction at 20840000yen(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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Others 0,000yen
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Projected yield %