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:
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:
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
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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