Foreclosed Property with Complex Legal and Physical Issues in Fukui Prefecture

This property, located in the city of Echizen, Fukui Prefecture, is a foreclosed asset being sold through a court auction. The listing comprises a building (Object 5) and the leasehold rights to the land it sits on (Objects 3 and 4). The building is severely aged and suffers from significant physical deterioration, including water leaks, a tilted foundation, and floor decay. A critical legal complication is that the building is currently occupied without legal right by the former owner's spouse, meaning the buyer would need to undertake an eviction process, which could be time-consuming and costly.

Further legal risks are present. The building exists on a leasehold right, requiring the buyer to obtain consent from the landowner or permission from the court. Part of the building also encroaches onto public land (a waterway section) where the property holds no usage rights. The boundaries between the leasehold land (Objects 3 and 4) and adjacent plots, including public land, are unclear in multiple places. Additionally, an unregistered, dilapidated outbuilding exists on the land. No lease agreement document for the leasehold right is available.

The property is a two-story wooden structure with a tile roof, with a total building area of 294.98 square meters. The land area is 222.2 square meters (approximately 67.2 tsubo). The opening bid price is 1,070,000 yen, with a required deposit of 270,000 yen. The auction has concluded.