Land Share for Sale in Suzuka City, Mie Prefecture
This listing is for a one-third share of a plot of land located at 1752, Inoushioya 3-chome, Suzuka City, Mie Prefecture. The total land area is 417.1 square meters (approximately 126.2 tsubo). The property is designated as residential land (宅地) within an industrial zone (工業地域), with a building coverage ratio of 60% and a floor area ratio of 200%.
This is a complex and high-risk investment. The sale is for a partial ownership share only, making sole use and profit difficult. A building owned by a co-owner (the debtor's brother) exists on the land, and his family currently resides there. The co-owner's right of occupancy is recognized as a gratuitous loan for use (使用借権). The purchaser will need to negotiate land use terms with this co-owner. Furthermore, the boundaries of the land are unclear, and there are building setback regulations in place. The existing building is not included in the sale, and its removal or use would require separate negotiation.
The property is being sold via court auction with a base price of 900,000 JPY. The auction is currently open for bidding, with a closing date of May 12, 2026. A deposit of 1,310,000 JPY is required to participate. The legal description notes no statutory superficies or other rights, but the aforementioned gratuitous loan for use constitutes a significant encumbrance.
