Property Overview: Land and Building in Chuo, Chiba
This property consists of two parcels of residential land and a two-story building located in Chuo, Chiba, Chiba Prefecture. The total registered land area is 23.78 square meters for parcel 1 and 134.90 square meters for parcel 2. The building, constructed in February 2023, is a wooden structure with alloy-plated steel sheet roofing, comprising a total floor area of 92.73 square meters (first floor 52.99 square meters, second floor 39.74 square meters). The layout is 1SLDK plus a walk-in closet (WIC). The property is zoned as Residential Class I, with a building-to-land ratio of 60% and a floor area ratio of 200%. The land rights are ownership. The property is being sold via court auction with a base bid price of 22,080,000 yen and a minimum bid price of 17,664,000 yen. The gross yield is reported at 8.3%, and the cap rate is 6.0%.