Land Auction in Kosai City, Shizuoka Prefecture
This property is a land parcel located at Nishisenki 2955-1, Hama Myoji, Arai-cho, Kosai City, Shizuoka Prefecture, currently up for judicial auction. The land has a registered area of 113.68 square meters and is designated as "miscellaneous land" (雑種地). It is situated within a City Planning Area of Urbanization Control (市街化調整区域), which restricts development. The building coverage ratio is 60% and the floor area ratio is 200%.
The property carries significant risk factors that require careful consideration. The land is currently occupied by a company, Auto Pier Co., Ltd., under a gratuitous loan for use agreement (使用借権), meaning no rent is paid. This occupation could lead to delays and additional costs for eviction and handover. Furthermore, a portion of the land (Parcel 5) is registered as a rice field (田), requiring a buyer eligibility certificate under the Agricultural Land Act, and construction of buildings on this portion is prohibited.
The physical condition of the land presents challenges. Waste materials, including old tires, automobile body parts, home appliances, and an incinerator, are dumped on the site, posing potential removal costs and environmental contamination risks. The property is located within a designated Tsunami Disaster Alert Zone at an elevation of 2.3 meters, with a high flood risk. There are also multiple co-owners of the land, which may complicate future rights adjustments, and some boundary lines with neighboring plots are unclear.
The auction has a minimum purchase price of 300,000 yen, with a deposit requirement of 70,000 yen. The bidding deadline is June 3, 2026, with the opening of bids scheduled for June 10, 2026. The property's benchmark price is listed as 370,000 yen. Prospective bidders must thoroughly review the three key legal documents—the property details, current condition report, and appraisal—before making any investment decision.
