Foreclosure Auction: Land and Building in Hitachi City, Ibaraki
This property, located at 80-4 Onuma-cho, Hitachi City, Ibaraki Prefecture, is currently up for auction through the court-operated BIT (Bid Information on Trust) system. The auction is in progress with a base price of 2,300,000 yen. The property consists of land and a building, with the land value assessed at approximately 3,168,400 yen, indicating the base price is about 73% of the land's assessed value.
The building was completed in July 1968 (Showa 43) and is a single-story wooden structure with a slate/zinc-galvanized steel plate roof. According to the registry, its use is classified as a residence/office. The total registered floor area is 218.64 square meters. The land itself is 79.2 square meters (approximately 24.0 tsubo) and is zoned as a Category I Low-Rise Exclusive Residential District, with a building coverage ratio of 50% and a floor area ratio of 100%.
The property is situated at an elevation of 67.1 meters. Flood risk is assessed as safe, though landslide risk requires confirmation. The estimated monthly rental income is 79,210 yen, leading to a surface yield of 41.3%, which is above the prefectural average of 34.4% for similar properties. The auction requires a deposit of 460,000 yen, with a minimum purchase price of 1,840,000 yen. The bidding deadline is May 15, 2026, with the opening of bids scheduled for May 22, 2026, and the final sale decision date set for June 12, 2026.
