I don't know anything about what's sold in the States, but this looks like a typical Suzuki plywood you can find in Junior High Schools and High Schools all across Japan. They're nothing special, but the ones I've seen have all held up pretty well under the rigors of being a school instrument. They have cheap hardwood fingerboards. The useful life of the bass might be determined by it's condition. What I mean is, if the board has ruts in it, maybe it can be redressed once or twice. After that, it'll need a new fingerboard. The cost of redressing the fingerboard may be as much as you're paying for the bass, and a new board will certainly be not worth it, you may as well spend the money on a better bass to begin with, IMHO. On the other hand, if the board looks fine, you can probably get a few years out of it, depending on how much you play.
The bridge on the one in the photo looks to be out of place (north of where it should be). Maybe the bridge wasn't tall enough, so the guy moved it. I can't tell from the pictures, but if the guy moved it without appropriately moving the soundpost, the top may have become twisted or sunken. If the bridge isn't tall enough to put it in the proper place (between the F-hole notches), then you may have to add the cost of a new bridge/post, or at least adjusters, into your calculations.
Anyway, none of this is meant to discourage you too much, 225 bucks is a very low price, and IMO, it's better than spending 400 on a Palatino. The Suzuki's I've seen have all been stable basses. Just the usual caveats for plywoods with "hardwood" fingerboards. If the top and FB look good, maybe you've got yourself a good deal.
I did find the company website, though I don't think it'll be helpful.
http://www.suzukiviolin.co.jp/
Catalog page:
http://www.suzukiviolin.co.jp/cat.html
Good luck.
Brent