Commercial Property in Tsuchiura, Ibaraki – Court Auction Opportunity
This property is a steel-structured building located in Tsuchiura City, Ibaraki Prefecture. The registered type is a shop/office, and the actual structure is a steel-framed, flat-roofed building of four storeys. The registered floor area totals 1,257.95 square meters across three floors, while the actual measured floor area is approximately 1,298.98 square meters, including a fourth floor of about 20 square meters. The building was constructed in February 1996.
The property is situated in the Kamitakatsu area of Tsuchiura. Access to JR Joban Line Tsuchiura Station is approximately 3.1 kilometers to the west by road. The land area is 1,298 square meters, and the property is held under statutory superficies rights. The current occupant is listed as present.
This is a court auction property with a base bid price of 20,630,000 yen. The minimum bid price is set at 16,504,000 yen. The bid deadline is July 10, 2026, and the sale type is a sealed bid auction. The case is handled by the Mito District Court (Tsuchiura branch). The property has a gross yield of 95.4% and a cap rate of 69.4% based on the base bid price. Prospective buyers should note that the property is currently occupied, and additional costs such as registration taxes and potential eviction expenses may apply.
