Property Overview: Kushiro, Hokkaido

This property is a land and building asset located in Kushiro, Hokkaido, currently being offered through a court auction. The land is registered as residential land with a Class I zoning designation, and has a registered area of 218.19 square meters. The building on the property is a two-story wooden structure with a zinc-coated steel sheet roof, registered as an apartment building. The total registered floor area is 210.60 square meters, comprising 105.30 square meters on the first floor and 105.30 square meters on the second floor. The layout consists of eight units, each with a 1LDK configuration. The building was constructed in March 1985. The land rights are freehold ownership. The property includes a debtor-occupant. The base bid price is set at 700,000 yen, with a minimum bid price of 560,000 yen. The property is being sold through a sealed bid auction, with a bid deadline of June 12, 2026. The gross yield is estimated at 96% or more, and the cap rate is 70% or more. The property is located in the Midorigaoka area of Kushiro City. Access information notes that the property is approximately 1.6 kilometers southwest of JR Nemuro Main Line's Musa Station, and about 1.42 kilometers southeast of both JR Senmo Main Line's Higashi-Kushiro Station and JR Nemuro Main Line's Higashi-Kushiro Station.