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Property information

House: Miyako, Iwate

Asset type
House
Yield
70% or more
Rank
★★★☆☆
Bid deadline is 2026/01/27

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Base bid price 8,390,000yen
You can bid above 6,712,000yen

Location

Location Miyako, Iwate
Traffic access on report(japanese) 三陸鉄道リアス線「磯鶏」駅 東方 約280m(道路距離) 「市民会館前」バス停 南方 約90m(道路距離) 
Reference(japanese) 三陸鉄道リアス線 宮古駅 南東方 1.77km

Property data

Type Land
Property number 1
Address 宮古市磯鶏石崎 4番2
Building number
Registered category Residential land
Actual category
Registered area 130.01m2
Actual area
Zoning Semi-industrial
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Land
Property number 2
Address 宮古市磯鶏石崎 4番3
Building number
Registered category Residential land
Actual category
Registered area 32.19m2
Actual area
Zoning Semi-industrial
Usage
Building to land ratio 60%
Floor area ratio 200%
Type Building
Property number 3
Address 宮古市磯鶏石崎 4番地2、4番地3
Building number 4-2
Registered type Hotel
Actual
Registered structure steel structuredSteelconcreteFlat-roofed地下2Fwith4story building
Actual
Registered floor area 1F 137.20m2,2F 144.18m2,3F 144.18m2,4F 18.02m2,地下1F 145.80m2,地下2F 81.00m2
Actual
Layout Others
Land right Ownership
Occupant debtor・owner
Year/month built 1982/04
Type Land
Property number 4
Address 宮古市磯鶏石崎 4番7
Building number
Registered category Residential land
Actual category
Registered area 776.27m2
Actual area
Zoning Semi-industrial
Usage
Building to land ratio 60%
Floor area ratio 200%

Numerical data

Base bid price 8,390,000yen Area 670㎡
Cap rate 70% or more
Gross yield 96% or more
Lease demand 12 / 25pt Minimum bid price 6,712,000yen
Ratio of years passed
to depreciable years
91% Earnest money deposit 1,678,000yen

Court data

Case number 2025(M)3 Result 2026/01/29
Court Morioka District Court(Miyako) Start of viewing 2025/12/19
Sale type Sealed bid auction (2 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 8390000yen in court auction is the same as buying the asset out of court auction at 7800000yen(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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