This is an auction property located in Mihama-cho, Wakayama Prefecture. The building, approximately 50 years old, is severely dilapidated with extensive termite damage, leaks, and collapsed floors, rendering it unusable and dangerous. The land is designated under multiple hazard zones, including steep slope collapse and land development regulation zones, which impose significant legal restrictions on rebuilding or new development. Furthermore, the vacant lot contains numerous abandoned items, such as refrigerators, for which the buyer will likely incur disposal costs. Although the property is occupied by the owner, they wish for the buyer to dispose of the building as unwanted items, indicating a high-risk investment due to both structural issues and regulatory limitations.
| Date | Base Price | Yield | Change |
|---|---|---|---|
| 2026-04-05 | 910,000k | 6.5% | — |
| 2026-04-04 | 910,000k | 6.5% | — |
| 2026-04-03 | 910,000k | 6.5% | — |
| 2026-04-02 | 910,000k | 6.5% | — |
| Bid Deadline | 2026-04-09 (remaining3 days) |
|---|---|
| Status | Bidding |
| Prefecture | 和歌山県 |
| City | — |
| Lat/Lng | 33.9067, 135.1404 |
| Data Updated | 2026-04-05 18:11 |
| Analysis Date | 2026-03-20 12:30 |
| Detail Fetched | 2026-03-25 00:13 |
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