Property Overview: Yonago, Tottori
This property listing presents a unique opportunity to acquire a share in a residential land and building asset located in Yonago, Tottori Prefecture. The property is being offered through a court auction process, with a base bid price of 730,000 yen and a minimum bid price of 584,000 yen. The asset includes a wooden, slate-roofed two-story building constructed in December 1982, featuring a total floor area of 107.46 square meters (first floor 54.80 m², second floor 52.66 m²). The land area is 140.40 m², zoned for industrial use with a building-to-land ratio of 60% and a floor area ratio of 200%. The property type is listed as a share sale, with the ownership share being 1/2. The layout is described as 'Others', indicating a non-standard floor plan. The property is located in the Tomimasu-cho area of Yonago, with access details provided in Japanese: approximately 1.7 km northwest of Yumigahama Station on the JR Sakai Line, and about 280 meters northwest of the Fukushi Center Iriguchi bus stop. The property is being sold as part of a court auction under case number 2025(O)10, with a bid deadline of June 29, 2026, and a sale decision date of July 21, 2026. The property is currently occupied by the debtor/owner. The gross yield is listed at 86.8%, and the cap rate at 63.1%. The property has a lease demand score of 14 out of 25 points. The earnest money deposit required is 146,000 yen. This is a sealed bid auction, with the first round of bidding taking place from June 22 to June 29, 2026. Viewing is scheduled to start on June 1, 2026.
