Property Overview: Investment Apartment in Toyohashi, Aichi
This listing presents a unique investment opportunity: a share in a land and apartment building located in Toyohashi, Aichi. The property is being sold via a court auction (sealed bid) with a base bid price of 2,933,000 yen. The asset comprises a fractional ownership (1/10 share) of residential land measuring 999.00 square meters, along with a specific apartment unit within a steel-reinforced concrete building constructed in June 1982.
The apartment itself is situated on the 3rd and 4th floors of a two-story building, offering a total floor area of 76 square meters. The layout is a 4DK (four rooms plus a dining-kitchen area) and includes a balcony on the south side. The property is classified under low-rise residential zoning (Class I) with a building-to-land ratio of 60% and a floor area ratio of 100%.
The property is currently occupied by the debtor/owner. Key financial metrics include a gross yield of 35.5% and a cap rate of 25.8%, based on the base bid price. The minimum acceptable bid is 2,346,400 yen, and an earnest money deposit of 586,600 yen is required. The auction is being handled by the Nagoya District Court (Toyohashi branch), with a bid deadline of June 10, 2026.
