Property Overview: Maebashi, Gunma
This property listing presents a mixed-use asset located in Maebashi, Gunma Prefecture. The offering consists of a land parcel with two buildings. The land is divided into two lots. The first lot has a registered area of 158.93 square meters, and the second lot has a registered area of 354.80 square meters, for a combined land area of approximately 513.73 square meters. The zoning for both lots is semi-commercial, with a building-to-land ratio of 80% and a floor-area ratio of 200%.
The first building is a three-story structure with a steel frame and a flat roof. It was built in July 1990. Its registered type is a residence and shop. The registered floor area totals 197.66 square meters, distributed as 71.76 square meters on the first floor, 62.95 square meters on the second floor, and 62.95 square meters on the third floor. The layout is categorized as "others." The second building is a one-story structure built with light steel and wood, featuring a slate and zinc-coated steel sheet roof. It was constructed in December 1967. Its registered type is a factory, with a registered floor area of 232.65 square meters. Land rights for both properties are ownership.
The property is located in the Wakamiya-cho area of Maebashi City, Gunma Prefecture. It is situated approximately 2.5 kilometers north of Maebashi Station on the JR Ryomo Line. It is also about 1.47 kilometers north of Chuo-Maebashi Station on the Jomo Electric Railway. This is a court auction property with a base bid price of 14,580,000 yen. The minimum allowable bid is 11,664,000 yen. The gross yield is listed at 19.0% and the cap rate at 13.8%.
