*Update: The property was withdrawn from the auction. This can occur when the creditor/s are either paid the outstanding debt or reach an agreement with the borrower. It was later listed for sale for 248,000,000 Yen.
A 3-bedroom apartment in the luxury Park Mansion Roppongi building is up for public auction this month.
Bidding on the 114 sqm (1227 sqft) apartment starts from 81,600,000 Yen (715,800 Yen/sqm). Apartments in this building are normally priced around 1.9 ~ 2.5 million Yen per square meter, with those overlooking Hinokicho Park going for as much as 3 million Yen/sqm.
As this apartment is at the rear of the building and does not have park views it would ordinarily be priced at the lower end of the scale and could be potentially be listed for around 200 ~ 220 million Yen on the open market.
The monthly building fees for this apartment (including car space and storeroom fees) are 143,840 Yen. As of July 2013, there were no unpaid fees to the management company.
- Bidding: 21 ~ 28 November, 2013.
- Opening of bids: 5 December, 2013.
- Court evaluation: 102,010,000 Yen
- Minimum bid: 81,608,000 Yen
- Deposit (20% of evaluation): 20,402,000 Yen
- Floor: 3F (304)
- Size: 114.36 sqm
- Type: 3-Bedroom
- Carparking: 1 space included
- No. of apartments: 24
- Built: March 2009
- Construction: 8 Stories
- Land ownership: Freehold
5 min walk from Roppongi Station