printout Mansion: Chuo, Kumamoto, Kumamoto

Asset type
Apartment
Yield
5.3%
Rank
★★☆☆☆
Bid period ended

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Property URL

Base bid price 8,290,000yen You could bid above 6,632,000yen
Bid period ended

Results

Court classification Apartment Sale price 11,179,999yen
Bid opening Sale Number of bidders 4
Winner qualification Corporation

Location

Location Chuo, Kumamoto, Kumamoto
Name of building コアマンション坪井1 same apartment.
Traffic access on report(japanese) JR鹿児島本線「上熊本」駅 南東方 約1.4km(道路距離) 「寺原町」バス停 北方 約50m(道路距離)
Reference(japanese) 熊本電鉄本線 藤崎宮前駅 北西方 0.76km 熊本電鉄上熊本線 上熊本駅 東方 1.01km 熊本市電B系統 上熊本駅 東方 1.01km

Property data

Type Apartment building Property number 1
Building number 壺川一丁目113-1-102
Registered type Residence Actual -
Registered structure steel structuredSteelconcrete一story building Actual -
Registered area 1F part 68.71m2 Actual -
Layout 3LDK+専用庭 Balcony unknown
Service fee etc. 33,900 Land right Ownership
Occupant debtor・owner Year/month built 1997/11
Floor 1F / 7 Total units 34

Numerical data

Cap rate 5.3% Area 68㎡
Gross yield 7.3% Base bid price 8,290,000yen
Lease demand 17 / 25pt Minimum bid price 6,632,000yen
Ratio of years passed
to depreciable years
55% Earnest money deposit 1,658,000yen

Court data

Case number 2023(M)70 Announced 2024/03/26
Court Kumamoto 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 2024/04/22
Sale decision 2024/05/13 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 8290000yen in court auction is the same as buying the asset out of court auction at 7710000yen(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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