Property Overview: Land and Building in Toyohashi, Aichi
This property consists of a land parcel and a three-story steel-structured building, offered through a court auction. The land is located at 1-5 Midorigaoka 2-chome, Toyohashi City, Aichi Prefecture, and is classified as Category 1 high-rise residential land with a registered area of 218.90 square meters. The building-to-land ratio is 60%, and the floor area ratio is 200%.
The building, constructed in December 1999, has a registered use of residence and office. It features a steel structure with a zinc-coated steel sheet roof and spans three stories. The registered floor areas are 90.72 square meters on the first floor, 76.14 square meters on the second floor, and 69.66 square meters on the third floor, totaling 236.52 square meters. The layout is listed as "Others." The property is currently occupied by the debtor/owner.
The base bid price is 19,650,000 yen, with a minimum bid of 15,720,000 yen. The auction is a sealed bid type held by the Nagoya District Court (Toyohashi branch), with a bid deadline of June 10, 2026. The property has a cap rate of 11.8% and a gross yield of 16.2%.
