printout Mansion: Minato, Tokyo

Asset type
Apartment
Yield
1.9%
Rank
★★☆☆☆
Bid period ended

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Property URL

This property became Stop
Bid period ended

Results

Court classification Apartment Sale price -
Bid opening Suspend Number of bidders -
Winner qualification -

Location

Location Minato, Tokyo
Name of building ワールドシティタワーズ same apartment.
Traffic access on report(japanese) 東京モノレール羽田空港線「天王洲アイル」駅 北方 約470m(道路距離・徒歩約6分) 東京臨海高速鉄道りんかい線「天王洲アイル」駅 北方 約730m(道路距離・徒歩約9分) JR山手線ほか各線「品川」駅 徒歩圏内
Reference(japanese) -

Property data

Type Apartment building Property number 1
Building number 港南四丁目14-1-1-505
Registered type Residence Actual -
Registered structure Steelconcrete1 story building Actual -
Registered area 5F part 80.95m2 Actual -
Layout 2LDK Balcony Yes
Service fee etc. 81,160 Land right Ownership
Occupant debtor・owner Year/month built 2005/10
Floor 5F / 42 Total units 2090

Numerical data

Cap rate 1.9% Area 80㎡
Gross yield 2.6% Base bid price 96,000,000yen
Lease demand 24 / 25pt Minimum bid price 76,800,000yen
Ratio of years passed
to depreciable years
38% Earnest money deposit 19,200,000yen

Court data

Case number 2023(O)325 Announced 2024/03/27
Court Tokyo District Court (Main) Start of viewing 2024/03/27
Sale type Sealed bid auction (1 times) Bid period 2024/04/11 ~ 2024/04/18
Farm land - Result 2024/04/24
Sale decision 2024/05/07 Special sale 2024/04/25 ~ 2024/04/30

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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 96000000yen in court auction is the same as buying the asset out of court auction at 89300000yen(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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