Agricultural Land Auction in Toyohashi, Aichi Prefecture
This property is a 991.0 m² plot of agricultural land (田) located at 5 Ikeda, Ishizakihoncho, Toyohashi City, Aichi Prefecture. The land is currently up for auction through the court-operated BIT (Bid Information on real estate) system. A critical requirement for any purchaser is the obligation to obtain a "Buyer Eligibility Certificate" (買受適格証明書) from the Agricultural Committee, as stipulated by the Agricultural Land Law.
The land is situated within an Urbanization Control Area (市街化調整区域) and an Agricultural Promotion Area (農業振興地域), imposing strict limitations on land use conversion and non-agricultural development. A sub-lessee with leasehold rights currently occupies the land, and the lease agreement has the potential to be renewed for a 10-year period. Prospective buyers should be aware of outstanding arrears for land rent and Land Improvement District levies, which the purchaser may become liable for.
The property is located within a flood hazard zone with a history of past inundation, carrying a medium flood risk. The land is zoned with a maximum building coverage ratio of 60% and a floor area ratio of 200%. The auction has a minimum purchase price of 780,000 JPY, requires a deposit of 190,000 JPY, and the bidding deadline is June 10, 2026.
