Foreclosed Property with Agricultural Land and Significant Renovation Needs in Toyohashi

This property, currently up for auction, consists of multiple land parcels including agricultural land and severely aged buildings located in Toyohashi City, Aichi Prefecture. The primary structure is a wooden, tile-roofed, single-story house with a registered building area of 290.90 square meters and a total floor area of 375.35 square meters. The layout includes four rooms plus storage and closets.

Critical agent notes highlight substantial risks and requirements for potential buyers. The property contains agricultural land, necessitating a purchase eligibility certificate from the Agricultural Committee. Boundaries with neighboring plots are unclear in several areas across the multiple land parcels. The buildings are notably deteriorated, having been vacant for a long period, and require large-scale renovation or complete demolition. Numerous leftover items inside the buildings will incur disposal costs.

The land is designated within an Urbanization Control Area, imposing strict construction restrictions. Within the site, there are utility poles, a fire water tank, and a curve mirror pole; unpaid usage fees exist for some of these, and agreements with the new owner will be required. The land shape is irregular, with overgrown weeds and trees, necessitating site preparation expenses. A statutory superficies right is established on the land pertaining to Building No. 13. Several unregistered auxiliary structures are present. The property is situated at an elevation of 29.7 meters, with a low risk of flooding and landslide.

The auction has a base price of 10,040,000 yen, with a required deposit of 2,010,000 yen and a minimum purchase price of 8,030,000 yen. The bidding deadline is May 20, 2026.