Property Overview: Mixed-Use Building in Kohoku, Yokohama
This property is a three-story steel-framed building located in the Kohoku district of Yokohama, Kanagawa Prefecture. The building was constructed in February 1987 and offers a total floor area of approximately 161.62 square meters, comprising a shop and kitchen on the first floor, along with six single-room units (1R) distributed across the second and third floors. The land area is 83.18 square meters, zoned for semi-commercial use, with a building-to-land ratio of 80% and a floor area ratio of 200%.
The property is currently occupied and is being sold through a court auction. The base bid price is set at 21,920,000 yen, with a minimum bid of 17,536,000 yen. The gross yield is 19.5%, and the cap rate is 14.2%. The property is located approximately 1.0 kilometer northwest of Tsunashima Station on the Tokyu Toyoko Line, providing convenient access to central Tokyo and surrounding areas. Additional nearby stations include Takata Station on the Yokohama Municipal Subway Line 4 (0.94 km southeast) and Niwa Station on Lines 1 and 3 (2.17 km northeast).
The building's layout is designed for mixed use, with a retail or commercial space on the ground floor and residential units above, making it suitable for investment purposes. The property is registered as residential land with a shop and apartment building. The land ownership type is freehold. The auction is scheduled to close on July 14, 2026, with a viewing period starting June 4, 2026, and a sale decision date of August 3, 2026.
