Property Overview in Yonago, Tottori
This property listing presents a unique investment opportunity located in Yonago City, Tottori Prefecture. It is a court auction property consisting of land and two buildings. The land is a residential plot with an area of 572.23 square meters, zoned as Class I Residential, with a building-to-land ratio of 60% and a floor area ratio of 200%. The first building is a two-story structure with a steel frame and wooden construction, featuring a cement tile roof. It is registered as an apartment and garage, with a total floor area of 185.39 square meters (first floor 81.88 square meters, second floor 103.51 square meters). The second building is a two-story wooden structure with tile and zinc-coated steel sheet roofing. It is registered as a residence, with a total floor area of 306.22 square meters (first floor 206.58 square meters, second floor 99.64 square meters). Both buildings were constructed in the late 1960s and early 1970s. The property is currently occupied. The base bid price is 3,970,000 yen, with a minimum bid price of 3,176,000 yen. The gross yield is calculated at 72.2%, and the cap rate is 52.5%. The property is located in the Nishimachi area of Yonago, with access to JR Sakai Line Goto Station approximately 400 meters to the south, and the Nishimachi Nichome bus stop about 210 meters to the northeast. The property is being sold through a sealed bid auction by the Tottori District Court (Yonago branch). The bid period runs from June 22, 2026, to June 29, 2026, with a sale decision scheduled for July 21, 2026.
