Property Overview in Iruma, Saitama
This offering is a court auction property located in Iruma, Saitama. The asset comprises two adjacent residential land parcels and a wooden two-story building. The land parcels, identified as property numbers 1 and 2, have registered areas of 160.31 square meters and 13.86 square meters respectively, totaling approximately 174.17 square meters. The land is zoned as Residential Class I, with a building-to-land ratio of 60% and a floor area ratio of 200%.
The building, property number 3, was constructed in November 2007 and features a wooden structure with a tile roof. It has a registered total floor area of 70.50 square meters, with the first floor at 50.50 square meters and the second floor at 20.00 square meters. The layout is classified as 'Others.' The property is situated in the Oosawaguchi area of the former Buddhist temple district in Iruma City. Ownership of the land is freehold, and the occupant is listed as the debtor and owner. The property is being sold through a sealed bid auction by the Saitama District Court (Kawagoe branch), with a base bid price of 11,810,000 yen. The bidding period runs from June 4, 2026, to June 11, 2026. The property offers a gross yield of 8.8% based on the base price. Traffic access is noted as being approximately 800 meters south-east of Motokaji Station on the Seibu Ikebukuro Line, with additional access to Bushi Station and Higashi-Hanno Station.
