Land and Building in Kanazawa, Yokohama
This property consists of five parcels of residential land and one two-story wooden building located in the Nishishiba area of Kanazawa-ku, Yokohama, Kanagawa Prefecture. The total registered land area across the five lots is approximately 251.0 square meters, with the main building situated on lot number 172-7. The building, constructed in July 1980, has a tiled roof and a total registered floor area of 99.57 square meters, split between a first floor of 58.17 square meters and a second floor of 41.40 square meters. The layout includes a 1LDK on the first floor and three rooms on the second floor. An unregistered garage of approximately 20.80 square meters is also present on the site. The property is located in a Low-rise Residential Zone (Class I) with a building-to-land ratio of 40% and a floor-area ratio of 80%. The land is owned outright, and the current occupant is the debtor/owner. Access to public transportation includes the Keikyu Main Line's Kanazawa-Bunko Station, located about 1,800 meters to the northeast, and the Yokohama New Urban Transit Kanazawa Seaside Line's Kaihin Park Shibaguchi Station, about 0.76 kilometers to the north. A bus stop named Nishishiba 4-chome is approximately a 7-minute walk to the northeast. The property is being offered through a court auction with a base bid price of 16,770,000 yen and a minimum bid of 13,416,000 yen. The gross yield is listed at 12.2%, and the cap rate at 8.9%.
