Property Overview: A Residential Land and Building in Aoba, Yokohama
This offering comprises a residential land parcel and a newly constructed two-story wooden residence located in the Aoba district of Yokohama, Kanagawa Prefecture. The property is being sold through a court auction process with a base bid price of 27,390,000 yen. The land is registered as residential land with a surveyed area of 89.22 square meters, situated in a Class 1 Residential Zone. The zoning permits a building-to-land ratio of 60% and a floor area ratio of 200%.
The building, constructed in January 2024, is a wooden structure with a slate roof. It features a total floor area of 95.43 square meters, distributed across the first floor (49.89 square meters) and the second floor (45.54 square meters). The interior layout is configured as a 3LDK plus a storage room. The property includes ownership of the land rights. It is currently occupied, and prospective buyers should be aware of this condition. The property is accessed via a road distance of approximately 650 meters south of Ichigao Station on the Tokyu Den-en-toshi Line. The gross yield is listed at 7.7%, with a cap rate of 5.6%.
