Bidding Duration: October 15, 2009 to October 21, 2009
((Monthly rental fee = 70,000 JPY x 12) / 4,800,000 JPY ) x 100 = 17.5% estimated ROI
>>
Nearest station from the foreclosed property:
JR武蔵野線 市川大野駅 (South-east side) - 1.9 Kilometers
>>
Nearest station from the foreclosed property:
JR武蔵野線 市川大野駅 (South-east side) - 1.9 Kilometers
>>
PROPERTY DETAILS:
PROPERTY DETAILS:
Standard Clearance price: JPY 2,800,000
Bargain Selling price: JPY 2,240,000
Category: Lot and building
Floor No.: 1st floor, with 29 square meters
>>
FACTS ABOUT THIS PROPERTY:
1) The property owner is a construction firm.
2) There are 3 parcels of land wherein 2 parcels are shared. The shared parcel serves as the road going to the building property.
3) The first floor of the building has only 29 square meters floor area which is quite small.
4) A tenant occupies the property and the monthly rental fee is 70,000 yen. Considering the building’s narrow space, the rental fee seemed a little bit expensive to me. I assume that this rental fee would not get cheaper down to 50,000 yen.
5) The sink is clogged up and a repair would be necessary.
6) Parking area is included. The property is located far from the train station and the already inclusive parking area would be an advantage. The nearest train station is Ichikawaono Station and I have come by the station a number of times.
7) Along the vicinity area, there are several new houses, small factories and a vast land of green fields and forests. There are no large-scale food stores nearby. Also, big empty lands stand out on the vicinity area.
8) We need to investigate the ties between the tenant and the owner. If the tenant is related to the debtor company, then it would be difficult to demand to pay the house rent. This is because the company which owns the property might have been brankrupted. If indeed the company was bankrupt, then it would be burdensome to demand the house rent from its employees or more specifically the tenant who get unemployed due to the bankruptcy.
9) From what I ‘ve seen from the photos, the house interior is basically tidy.
10) By this time, the possible winning bid price is 4 million 800 thousand yen (4,800,000 yen).
2) There are 3 parcels of land wherein 2 parcels are shared. The shared parcel serves as the road going to the building property.
3) The first floor of the building has only 29 square meters floor area which is quite small.
4) A tenant occupies the property and the monthly rental fee is 70,000 yen. Considering the building’s narrow space, the rental fee seemed a little bit expensive to me. I assume that this rental fee would not get cheaper down to 50,000 yen.
5) The sink is clogged up and a repair would be necessary.
6) Parking area is included. The property is located far from the train station and the already inclusive parking area would be an advantage. The nearest train station is Ichikawaono Station and I have come by the station a number of times.
7) Along the vicinity area, there are several new houses, small factories and a vast land of green fields and forests. There are no large-scale food stores nearby. Also, big empty lands stand out on the vicinity area.
8) We need to investigate the ties between the tenant and the owner. If the tenant is related to the debtor company, then it would be difficult to demand to pay the house rent. This is because the company which owns the property might have been brankrupted. If indeed the company was bankrupt, then it would be burdensome to demand the house rent from its employees or more specifically the tenant who get unemployed due to the bankruptcy.
9) From what I ‘ve seen from the photos, the house interior is basically tidy.
10) By this time, the possible winning bid price is 4 million 800 thousand yen (4,800,000 yen).
>>
PICTURE
0 inquiries, suggestions or comments:
Post a Comment