JAPAN is a beautiful country outside of its overpopulated and gray megacities; however, one will find Tokyo, Yokohama, Osaka, Kobe, Nagoya, Hiroshima, Fukuoka and other Japanese cities to be very clean (esp considering the number of inhabitants), apart from air quality in the largest cities, and crime remains quite low. The mass transit system, including local trains and subways, bullet and various express trains, buses and domestic air travel are second to none. Things show up and depart on time!
Many expatriate transferees and their family members, at first reluctant to come for a posting, often find themselves unhappy to leave! Expats find Japan, although very transient for the international community, to be rewarding from a social aspect, and career-wise. The opportunities to make friends hailing from various parts of the globe is very appealing and parents have to worry little of their children outside of comfort zones as back home. Children and parents often find the international schools to be very conducive to educational social and emotional growth.
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Are you looking for a property (apartment, mansion, transient, etc.) to rent or to purchase? We can help you in all the paperworks you need to prepare and process. We will stand as your proxy to negotiate your preference and inquiries with the concerned Landlord or property owner. Just contact us for more details of our service.
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Mizushima Int'l. Co. Ltd. is highly committed to give customer satisfaction throughout the bidding and purchasing cycle of foreclosed properties. Since we are only two businessmen who do all the tasks, We operate our company in more practical and less-expensive way. Our customer's don't need to bother on administrative fees and staffing fees. We would like to cut the unnecessary expenses as much as possible. Enjoy Our minimum service fee of JPY 250,000 (research and coordination fee) + 6% of the property purchase amount.
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Our Objectives.
To provide high quality, business transparency and cost-effective service.
To stand at our customer's perspective to make a successful and long-term business relationship.
Bidding Duration: January 14, 2010 to January 21, 2010
Bidding Opening Day: January 28, 2010
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Nearest station from the foreclosed property:1) JR Joban line kameari station - 1.3 Kilometers
2) Subway Chiyoda line ayase station - 1.19 Kilometers
3) Keisei honsen ohanajaya station - 1.59 Kilometers
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PROPERTY DETAILS:
Clearance standard price: JPY 2,240,000
Minimum purchase price: JPY 1,792,000
Category: 1 bedroom mansion
Room Floor area: 15.87 square meters
Property management fees: JPY 11,840
Unpaid property management fees: JPY 700,000
Current rental fee: JPY 74,000
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Facts about this property:
Currently there is a tenant in this mansion. Current Rental fee is JPY 74,000. But this rental fee is higher than the market price. The average market price of this room is about JPY 50,000.
You should consider this when you calculate the yield rate.
Unpaid property management fees: JPY 700,000.
The room space is narrow. But on the other hand, tenant will benefit with the convenience of using 3 lines of train. Therefore, finding a tenant on this mansion would be easy.
In order to evict the current tenant, there is no need to file legal court proceedings. Eviction can be done easily.
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Approximate bidding amount:
JPY 38,000 x 12/0.1 = JPY 4,560,000
JPY 4,560,000 - (Unpaid property management fees: JPY 700,000) = JPY 3,860,000
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Bidding Duration: January 6, 2010 to January 13, 2010
Bidding Opening Day: January 20, 2010
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Nearest station from the foreclosed property:1) Keihinkyukouhonsen koganecho station -> 0.32 Kilometers
2) Yokohama shiei subway blue line Bandoubashi station -> 0.32 Kilometers
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PROPERTY DETAILS:
Bargain Selling Price: JPY 2,940,000
Possible Purchase Price: JPY 2,352,000
Category: 1 bedroom mansion
Property No. : Yokohama city naka-ku, sueyoshichou 3 chome
Room No.: 307
Room Floor area: 25.38 square meters
Property management fees: JPY 15,260
Date Constructed: 1989
Arrears of Property management fees: JPY 500,000
Current rental fee: JPY 75,000
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Facts about this property:
You can go to yokohama station from bandoubashi station within 10 minutes.
Yokohama station is the most famous urban station in kanagawa prefecture. There are a lot of offices, department stores and commercial buildings near the place. So, it is not difficult to find tenant for this mansion.
The current rental fee is higher than the expected rent amount which is about JPY 65,000. As of now, there is a tenant on this property paying a monthly rental fee of JPY 75,000. During the visit of the court house officer there is a couple currently residing on this property.
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This is result of opening.
Winning amount was ５，１７０，０００ yen.
In this case, yield rate should be
(JPY 65,000 - JPY 16,000) x 12/5170000 yen =11 percent
Even if buyer pays 500000 yen to renovate the room ,she can get enough profit.
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About Key money or Deposit.
There are a lot of troubles concerning with key money/ deposit. Last year there were over 10,000 issues about returning of key money/ deposit. After 4 years of stay during college days, The tenant has decided to leave his apartment on the end of March. Then he was advised by the landlord that owner will deduct 200,000 yen from key money/ deposit in order to change the wallpaper, repair of damage in closet door, and to clean the room.
The tenant was disappointed with it because the rental fee is 50,000 yen. But the owner billed 200,000 yen. So, he consulted to the public organization office. According to the organization, tenant have to pay the requested money in order to repair the wallpaper. Furthermore, When the tenant made lease contract with the owner, he agreed that he would pay money for cleaning the room.
The public organization office receives a lot of consultation orders especially in April and May. According to the organization, if tenant used the apartment normally and made some damage in minor facilities such as tatami mat, the tenant do not have obligation to pay for the repair.
Bidding Duration: December 2, 2009 to December 9, 2009
Bidding Opening Day: December 16, 2009
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Nearest station from the foreclosed property:1) Odakyu enoshima line tsuruma station -> 0.3 Kilometers
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PROPERTY DETAILS:
Bargain Selling Price: JPY 1,560,000
Possible Purchase Price: JPY 1,248,000
Category: Mansion
Property No. : Yamato City, Nishi-tsuruma, 1 chome
Room No.: 413
Room Floor area: 13.83 square meters
Property management fees: JPY 8,270
Date Constructed: 1990
Arrears of Property management fees: JPY 100,000
Current rental fee: JPY 33,000
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Approximate bidding amount:
JPY 33,000 x 12/ 0.15 = JPY 2,640,000
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Bidding Duration: December 2, 2009 to December 9, 2009
Bidding Opening Day: December 16, 2009
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Nearest station from the foreclosed property:1) Keihin kyukou line line Koganecho station -> 0.4 Kilometers
2) Yokohama shiei chikatetsu Blue line yoshinocho station -> 0.56 Kilometers
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PROPERTY DETAILS:
Bargain Selling Price: JPY 2,480,000
Possible Purchase Price: JPY 1,984,000
Category: Mansion
Property No. : Yokohama City, Minami-ku, miharudai 6-3
Room No.: 104
Room Floor area: 40.10 square meters
Property management fees: JPY 16,530
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FACTS ABOUT THIS PROPERTY:
There is a possibility to have few bid entries for this property owing to several reasons. So, bidder can get this property at a lower price.
Approximate bidding amount:
JPY 60,000 x 12/ 0.15 = JPY 4,800,000
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Bid opening of
Property in Atsugi City has been announced. The winning bid amount is
JPY 3,199,999. The projected yield is around 16%.
Bidding Duration: December 3, 2009 to December 10, 2009
Bidding Opening Day: December 17, 2009
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Nearest station from the foreclosed property:1) JR Saikyo line, Itabashi station -> 0.5 Kilometers
2) Toubotoujou line, Kita Ikebukuro station (North side) -> 0.27 Kilometers
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PROPERTY DETAILS:
Bargain Selling Price: JPY 3,650,000
Possible Purchase Price: JPY 2,920,000
Category: One bedroom mansion
Property No. : Toshima ku Kami Ikebukuro
Room Floor area: 2nd floor, 14.58 square meters
Property management fees: JPY 11,000
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FACTS ABOUT THIS PROPERTY:
The foreclosed property this time is a one bedroom mansion. The room size is narrow but considering that the place is in the City and near in the stations, finding a tenant would not be a problem.
Based on the court office evaluation report, the property is currently tenanted with a monthly rental fee of JPY 50,000. However, there is a need to visit the actual place to verify if still there is a tenant at the present. Existence of the tenant is a very important thing to consider. It's because when the property is not tenanted, looking for a new tenant will require to renovate the property.
In that case, the renovation cost will range from JPY 50,000 to JPY 150,000.
Approximate bidding amount:
JPY 50,000 x 12/ 0.13 = JPY 4,615,384
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