Property Overview: Land and Building in Gamagori, Aichi

This property comprises a plot of residential land and a two-storey wooden building with a tile roof, located in the Mikawa-Miya area of Gamagori City, Aichi Prefecture. The land parcel, registered as residential land, measures 193.19 square meters and is situated in a Class I residential zoning district. The building-to-land ratio is 60 percent, and the floor-area ratio is 200 percent.

The main building, constructed in November 1979, has a registered floor area of 81.15 square meters on the first floor and 28.98 square meters on the second floor, totaling approximately 110 square meters. The layout is categorized as "Others" in the listing. The property also includes an unregistered ancillary storage building with an approximate area of 9.92 square meters. The land rights are freehold, and the property is currently occupied by the debtor and owner.

The property is located in the Higashi 1-chome district of Miya-cho, Gamagori. Access information, provided in Japanese, indicates that it is approximately 950 meters east of Mikawa-Miya Station on the JR Tokaido Main Line and about 2.18 kilometers west of Mikawa-Otsuka Station on the same line. The base bid price for this court auction property is 3,010,000 yen, with a minimum bid price of 2,408,000 yen. The gross yield is listed at 42.5 percent, and the cap rate at 30.9 percent. The auction is a sealed bid (second time) with a bid deadline of June 10, 2026, handled by the Nagoya District Court (Toyohashi branch).