Property Overview: Land and Building in Kiryu, Gunma
This listing presents a combined land and building asset located in Kiryu, Gunma Prefecture. The property is being offered through a court auction, with a base bid price of 2,410,000 yen. The minimum acceptable bid is set at 1,928,000 yen, and the bid deadline is June 18, 2026. The property consists of three registered parcels: two residential land plots and one building. The first land parcel, numbered 3865-16, has a registered area of 130.08 square meters, while the second parcel, numbered 3865-7, measures 39.02 square meters. Both are zoned as Class I Low Residential, with a building-to-land ratio of 40% and a floor area ratio of 80%. The building, located on the combined address of both land parcels, is a two-story wooden structure with a tile roof. Its total registered floor area is 99.36 square meters, with the first floor measuring 52.99 square meters and the second floor 46.37 square meters. The building was constructed in January 2003 and is classified as a residence. The layout is listed as "Others," and the land rights are ownership. The property is currently occupied by the debtor/owner. Access information indicates the property is located south of Shin-Kiryu Station on the Tobu Kiryu Line, approximately 1.1 kilometers by road. Additional nearby stations include Azami Station (1.51 km east), Shimo-Nitta Station on the Watarase Keikoku Railway (2.29 km south), and Iwajuku Station on the JR Ryomo Line (2.47 km east). The address in Japanese is 桐生市広沢町三丁目字中居 3865番16 and 3865番7. The gross yield is reported at 38.8%, and the cap rate at 28.2%. The court handling the case is the Maebashi District Court (Kiryu), with a sale type of sealed bid auction.
