Agricultural Land with Greenhouse in Tahara City
This property is a plot of agricultural land (fallow field) located in the Akabanecho district of Tahara City, Aichi Prefecture. The land is currently occupied by the owner and features an agricultural greenhouse. A critical requirement for purchase is obtaining a Certificate of Eligibility for Acquisition from the Agricultural Committee. There is an outstanding Land Improvement District levy of 12,232 yen associated with the property.
Potential buyers should be aware of several significant risk factors. The property's boundaries are partially unclear, which may necessitate additional surveying costs and time. There is an unspecified risk of potential soil contamination, which could require investigation by a specialist. The land is located within both a City Planning Area Adjustment Zone and an Agricultural Promotion Area, making conversion to non-agricultural use extremely difficult. This, combined with a currently assessed low market liquidity, could pose challenges for future resale. The outstanding Land Improvement District levy of 12,232 yen becomes a liability for the purchaser.
Legally, the transaction is governed by the Agricultural Land Law, requiring both the aforementioned Certificate of Eligibility and permission for any change in agricultural land use. Development for non-agricultural purposes is strictly limited due to the zoning. The unclear boundaries also carry a risk of disputes with adjacent landowners. The property is being sold via court auction with a base price of 525,000 yen.
