Foreclosure Property in Fukuyama, Hiroshima
This property is a combined sale of three land parcels and a 53-year-old residential building (Building 4) located at 1273-7 and 1273-4, Hagao-oki, Nakatsubara-aza, Miyuki-cho, Fukuyama City, Hiroshima Prefecture. The building is a two-story wooden structure with a tile and galvanized steel sheet roof, with a total floor area of 381.30 square meters and a registered area of 269.41 square meters. It was built in March 1973 (Showa 48).
According to the agent's analysis, the building is significantly deteriorated with an estimated remaining economic useful life of only about two years. Its maintenance condition is rated as "somewhat inferior." An outbuilding (warehouse) is noted as having been lost. The northern part of Building 4 has been extended, though its consistency with the official registry is unclear.
The property is subject to specific legal and construction constraints. The road on the south side is not considered a road under the Building Standards Act, which may impose restrictions on rebuilding. The road on the northeast side is designated as a road under Article 42, Paragraph 2 of the Building Standards Act, requiring a 2-meter setback from the road centerline. The property is located in a Category I Residential Zone with a building coverage ratio of 60% and a floor area ratio of 200%.
The property is currently under foreclosure auction. The reference sale price is 9,693,000 yen. A bid deposit of 1,940,000 yen is required, and the minimum purchase price is 7,750,000 yen. The bidding deadline is April 14, 2026, with the opening date set for April 17, 2026, and the final sale decision date on May 7, 2026. The nearest station is Yokoo Station, approximately a 12-minute walk (980 meters) away.
