Property Overview: Land and Building in Isesaki, Gunma
This property, located in Isesaki, Gunma Prefecture, is being offered through a court auction. It consists of both land and a building. The land is situated at 3932-7 Shin'eicho, Isesaki City, and is registered as residential land. It has an area of 153.45 square meters and is zoned as a Class I high-rise residential area, allowing for a building-to-land ratio of 60% and a floor area ratio of 200%.
The building, located at 3932-7 Shin'eicho, Isesaki City, is a two-story wooden structure with a slate roof. It was built in October 2007. The registered floor area is 55.48 square meters on the first floor and 48.85 square meters on the second floor, for a total floor area of 104.33 square meters. The layout is classified as 'Others.' The occupant is listed as the debtor/owner, indicating the current resident is the property owner involved in the legal proceedings.
The base bid price for this property is set at 4,810,000 yen, with a minimum bid price of 3,848,000 yen. The property is being sold through a sealed bid auction managed by the Maebashi District Court. The bidding period runs from June 30, 2026, to July 7, 2026, with a sale decision expected on August 4, 2026. The gross yield is reported at 28.3%, and the cap rate is 20.6%.
