Foreclosure Auction: Wooden House with Land in Kochi Prefecture
This property, located at 43, 46-1, and 40-1 Matsugase Shichinomaru, Akaokacho, Konan City, Kochi Prefecture, is being sold via a court-administered auction through the BIT system. The listing is for a land parcel with an existing wooden two-story residence and a garage. The building was constructed in May 2006, making it approximately 19 years old, and shows significant deterioration. Specific issues noted include wall damage, discoloration under the eaves, and non-functional gas stove and air conditioning units. The presence of water leaks or termite damage is unknown. The property is currently occupied by the owner.
Key risks and special notes are detailed in the AI analysis. The boundary with the neighboring land is unclear, and there is a possibility the registered land area may decrease. The property is designated within a tsunami disaster warning area, with an estimated inundation depth of 3.0 to 5.0 meters. Overhead power lines cross the land, which imposes restrictions on any future building construction. The buyer may also be responsible for the cost of removing any personal property left behind by the current occupant.
The property is situated outside of an urban planning area with no specific zoning designation. Access is available, with Akaoka Station approximately a 7-minute walk (567 meters) away. The auction has a base price of 3,640,000 yen, requires a 730,000 yen deposit to bid, and has a bid deadline of May 18, 2026.
