Property Overview: Mixed-Use Building and Land in Sakado, Saitama

This listing presents a unique opportunity to acquire a substantial mixed-use property located in Sakado City, Saitama Prefecture. The asset comprises three parcels of residential land and one multi-story building, offered through a court auction process. The base bid price is set at 61,720,000 yen, with a minimum acceptable bid of 49,376,000 yen.

The building, constructed in April 1988, is a reinforced concrete structure with a steel-frame, shingle, sand asphalt, and other roofing. It features a layout of one basement floor and five stories above ground. The registered floor area totals 1,449 square meters, broken down as follows: the first floor at 271.43 square meters, the second, third, and fourth floors each at 213.81 square meters, the fifth floor at 175.71 square meters, and the basement at 360.62 square meters. The building is categorized for use as an apartment, garage, and shop. An ancillary structure, an unregistered LPG storage area of approximately 3.56 square meters, is also noted on the property.

The three land parcels have a combined registered area of 600.5 square meters. All parcels are zoned as Residential Class II, with a building-to-land ratio of 60% and a floor area ratio of 200%. The property is located in the Sankocho district of Sakado, with the address listed in Japanese as 坂戸市三光町. Access information indicates the property is approximately 800 meters west of Sakado Station on the Tobu Tojo Line. The property is currently occupied.

This is a court auction sale (sealed bid) with a bid deadline of June 11, 2026. The sale is managed by the Saitama District Court in Kawagoe. The gross yield is listed at 38.1%, and the cap rate at 27.7%, both based on the base bid price. An earnest money deposit of 12,344,000 yen is required.