Commercial Property with Significant Risks in Ibaraki's Itako City
This property is a land and shop building located in a commercial zone of Itako City, Ibaraki Prefecture. The property is currently up for auction. The building is a two-story wooden structure with a galvanized steel sheet roof, constructed in September 1984 (Showa 59). The total building area is 171.11 square meters, and the registered land area is 277.68 square meters.
Critical agent notes highlight several substantial risks. A portion of the land is illegally occupied by an unregistered structure belonging to a third party with no legal right to be there. Contact with this occupant cannot be established, meaning the process of taking possession could require significant time and expense. There is an unauthorized fence on the north side of the land, creating a potential boundary dispute. The building itself is beyond its economic useful life and is severely deteriorated. Inside the building, three dogs are being kept as pets, which may lead to additional cleaning and repair costs. Furthermore, the land and building are under joint ownership, requiring potential coordination with other co-owners. The presence of soil contamination has not been confirmed, posing a future financial risk.
The property is situated in a commercial zoning district with an 80% building coverage ratio and a 400% floor area ratio. The starting bid price is 2,460,000 yen, with a required deposit of 610,000 yen. The auction deadline is May 15, 2026.
