Foreclosure Property in Kurashiki, Okayama: Land with Deteriorating Buildings
This property is a land and building package located at 2428 Hatago, Tamashima, Kurashiki City, Okayama Prefecture, currently up for judicial auction. The sale reference price is 3,314,000 yen. The land area is 1052.98 square meters, with a building coverage ratio of 60% and a floor area ratio of 200%. The property is located within a City Planning Area's "Urbanization Control Area."
The buildings on-site are in a state of significant deterioration. The main residential building was constructed in January 1999 (Heisei 11). The AI analysis notes that the buildings overall have advanced aging, with a storage shed specifically described as being in a state of decay. The interior of the main house shows damage, including scratches on pillars from cat ownership, and the men's toilet is out of order. An unregistered extension exists on one of the outbuildings.
Critical risks are present. There is a possibility the property does not front a road as defined by the Building Standards Act, which could make reconstruction impossible. The property is currently occupied. The owner/debtor occupies the main house, and a relative with a right of use (a usufructuary right) also resides there, meaning negotiations for their vacating may be necessary for a purchaser.
The auction requires a bid deposit of 670,000 yen. The maximum bid amount a purchaser can offer is 2,650,000 yen. The bidding deadline is April 9, 2026, with the opening of bids scheduled for April 16, 2026, and the final sale decision date set for May 7, 2026.
