Property Overview: Land and Building in Tatebayashi, Gunma
This property consists of a plot of residential land and a two-story wooden building located in the Shinjuku area of Tatebayashi City, Gunma Prefecture. The land is zoned as Class I high-rise residential, with a registered area of 236.00 square meters. The building, constructed in April 2020, has a registered structure of wooden alloy-plated steel sheet roofing and comprises a total floor area of 137.17 square meters (84.18 square meters on the first floor and 52.99 square meters on the second floor). The layout is listed as 'Others,' and the property includes ownership of the land rights. The current occupant is listed as the debtor/owner. The property is being offered through a court auction with a base bid price of 14,700,000 yen, and bids above 11,760,000 yen are accepted. The gross yield is noted at 11.3%, with a cap rate of 8.2%. The property is located approximately 1.3 kilometers south of Tatebayashi Station on the Tobu Isesaki Line, with additional access from Tobu Sano Line and Tobu Koizumi Line stations.
