Land and Building in Tsushima City, Nagasaki
This property, located at 686-31 Funakoshi, Mitsushima-cho, Tsushima City, Nagasaki Prefecture, is currently available for purchase through a court-managed real estate auction. The auction has a base price of 1,790,000 JPY and the bidding period is open until May 8, 2026.
The property consists of land and a building. The land area is 160.4 square meters (approximately 48.5 tsubo). The building is a single-story wooden structure with a tile roof, constructed in August 1960 (Showa 35). The registered floor area of the building is 766.00 square meters. The property is located outside of any city planning area and has no designated land use zone. The current land appraisal value is estimated at 6,416,000 JPY, based on a published land price of 50,000 JPY per square meter. The property is currently occupied.
Key auction details include a required deposit of 360,000 JPY and a minimum purchase price of 1,430,000 JPY. The opening of bids is scheduled for May 12, 2026, with the final sale decision date set for June 2, 2026. The property is situated at an elevation of 1.8 meters and is noted to have an extremely high flood risk, while the landslide risk is low.