Court Auction Land and Building in Tochigi City

This property is a sealed bid auction listing from the Utsunomiya District Court, featuring a combination of residential land and a wooden two-story building located in Tochigi City, Tochigi Prefecture. The total land area comprises two parcels: a 198.36 square meter plot and a 49.60 square meter plot, both zoned as Category I Low Residential Land. The building-to-land ratio is 40%, and the floor area ratio is 60%.

The building, constructed in March 2020, is a wooden structure with a slate roof. It has a registered total floor area of 109.71 square meters, split between 56.72 square meters on the first floor and 52.99 square meters on the second floor. The layout is listed as "Others." The property is located at 1017-5 and 1017-6, Nagamachi, Hirai-cho, Tochigi City. Access information indicates it is approximately 2 kilometers west of both the Tobu Nikko Line "Tochigi" Station and the JR Ryomo Line "Tochigi" Station, as the crow flies.

The base bid price is set at 14,282,000 yen, with a minimum bid price of 11,425,600 yen. The court has calculated a gross yield of 11.3% and a cap rate of 8.2% based on the base bid price. The property is sold as-is, and the buyer is responsible for all associated costs, including potential eviction of occupants and renovations. The bidding period runs from June 10, 2026, to June 17, 2026, with the sale decision scheduled for July 10, 2026.