[Foreclosed] Christy Homes Nishiazabu
Court Evaluation: 364,770,000 Yen (4.73 million USD)
*Update: The winning bid was 488,800,000 Yen (6.3 million USD). A total of 16 bids were made on the property and the winning bidder was a corporate buyer. By 2013, the building had been demolished.
Christy Homes Nishiazabu is a 3-storey apartment building located right next-door to the Azabu Catholic Church in Nishiazabu 3 Chome. This apartment building looks like a high-end expat apartment building from the outside, but there are some serious flaws behind the surface which would, and mostly likely have, put off most buyers.Read more
[Foreclosed] Mita Tsunamachi Park Mansion 15F
Court Evaluation: 70,000,000 Yen
*Update: The winning bid was 80,300,000 Yen. A total of 4 bids were made on the apartment and the winning bidder was a private individual.
This 2-bedroom apartment in Mita Tsunamachi Park Mansion is up for public auction. The building was developed by Mitsui and was Japan's first high-rise apartment development. The 15th floor corner unit overlooks the greenery of the Mitsui Tsunamachi Club grounds and also has views of Tokyo Tower. Because of its views, it was valued at 5% higher than apartments facing other directions. Carparking and a storeroom is included.Read more
Foreclosed house in Shirokanedai, Minato-ku
Court Evaluation: 204,370,000 Yen
*Update: The winning bid was 236,000,000 Yen. A total of 6 bids were made on the property and the winning bidder was a corporation.
The house is also being listed by real estate agents as a short sale with an asking price of 360,000,000 Yen (4.67 million USD), but it is unlikely that it will be sold prior to public auction at that price.Read more
Owner of foreclosed property attempts to destroy building
The Tokyo Branch of the National Tax Agency (NTA) had seized an office building due to the owner's non-payment of taxes. Immediately prior to the public auction, the owner damaged part of the building and removed electrical wiring and the air-conditioning system and effectively rendered the building unusable. The auction was delayed for 3 months and re-listed at a lower price. According to the NTA, this is an unprecedented situation.
The empty 10 story building in Kofu City, Yamanashi Prefecture, was purchased in June, 2009, by a female operator of a nursing care company. The new owner planned to demolish the current building and develop an aged-care rental apartment complex, with a total estimated cost of 2 ~ 4 billion Yen (25.6 ~ 51.2 million USD). However, due to non-payment of taxes, the building was seized by the Tax Agency.Read more
[Foreclosed] Land in Minamiaoyama 2 Chome
Court Evaluated Price: 150,000 JPY (1830 USD)
*UPDATE: The winning bid was 555,556 JPY (6775 USD). A total of 15 bids were made on the land.*
The cheapest (and smallest) land you will ever find in Omotesando. The land is in a laneway just behind Aoyama Dori Avenue and is 200 meters from Gaienmae Station and 660 meters from Omotesando Station.
With commercial land fronting Aoyama Dori valued at anywhere between 5~9 million JPY/sqm and residential land in Minami Aoyama ranging anywhere between 1.2 ~ 1.5 million JPY/sqm, this piece of land at only 78,500 JPY/sqm seems like a great deal, but...
[Foreclosed] Historic Hotel in Hakodate
Court Evaluated Price: 39,600,000 Yen (483,000 USD)
*Update: The winning bid was 43,695,000 Yen*
A historically listed hotel in Hokkaido’s Hakodate City is up for public auction.
“Auberge Kokian” was built in 1909 in the Wayo-Secchu style of architecture (a blend of Japanese and Western) and constructed from Japanese cypress. It was originally a seafood store called Watanabe Shoten. It was in operation as a restaurant and inn until the end of 2009.Read more
[Foreclosed] Villa Resina
This apartment block was initially built as a company dormitory for employees of the Kansai Electric Power Company.
Earlier this year it was listed for 1.3 billion JPY but it seems like they could not find a buyer in time. The current court evaluation is 573,000,000 JPY.