Building-Only Auction Property in Kochi Prefecture

This is a building-only auction for a property located at 195-1, Taka-machi 2-chome, Tosayamada-cho, Kami City, Kochi Prefecture. The auction is for the building only, and the land ownership is not acquired. A statutory superficies right will be established, but mandatory negotiation with the landowner is required. There is a risk that if an agreement cannot be reached, the landowner may demand the removal of the building. The boundaries of the non-sale land are unclear, requiring boundary determination negotiations.

The building was constructed in August 1972 (Showa 47), making it over 54 years old and past its economic useful life. It is severely dilapidated, necessitating extensive repairs due to leaks, cracks and peeling on exterior walls, potential equipment failures, and possible termite damage. Occupant eviction may require compulsory execution based on a delivery order, incurring costs. All heirs of the debtor have renounced inheritance, making the removal of remaining movable property inside the building difficult as there is no obligated party for its disposal.

The property is not connected to the public sewer system; the toilet is a pit latrine. Soil contamination potential is unknown. The nearest station is Tosayamada Station, approximately an 8-minute walk (632 meters) away.