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Property information

House: Miyako, Iwate

Asset type
House
Yield
18.5%
Rank
★★★☆☆
Bid deadline is 2026/01/27

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Base bid price 11,080,000yen
You can bid above 8,864,000yen

Location

Location Miyako, Iwate
Traffic access on report(japanese) JR山田線「宮古」駅 西方 道路距離 約2080m 最寄りバス停「太田」 南東方 約170m(徒歩約2分) 
Reference(japanese) 三陸鉄道リアス線 山口団地駅 南西方 0.86km JR山田線 千徳駅 北東方 1.58km

Property data

Type Building
Property number 3
Address 宮古市太田一丁目 40番地1
Building number 40-1-3
Registered type Office
Actual
Registered structure WoodenAlloyplatingsteel sheet roofedOne-story
Actual
Registered floor area 204.54m2
Actual
Layout Others
Land right Land lease
Occupant debtor・owner
Year/month built 2014/07

Numerical data

Base bid price 11,080,000yen Area 204㎡
Cap rate 18.5%
Gross yield 25.4%
Lease demand 9 / 25pt Minimum bid price 8,864,000yen
Ratio of years passed
to depreciable years
50% Earnest money deposit 2,216,000yen

Court data

Case number 2025(M)4 Result 2026/01/29
Court Morioka District Court(Miyako) Start of viewing 2025/12/19
Sale type Sealed bid auction (1 times) Bid period 2026/01/20 ~ 2026/01/27
Sale decision 2026/02/12
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Analysis data

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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 11080000yen in court auction is the same as buying the asset out of court auction at 10310000yen(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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