Samty Residential Investment Corporation

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A-02S-FORT Sanno

Address 1-2-29, Sanno, Nakatawa-ku, Nagoya, Aichi
Access Approx. a seven-minute walk from Sanno Sta., Meitetsu Nagoya Honsen Line
Number of rentableunits 230
Construction completed Jan. 2008
Acquisition price 2,890 million yen
Appraised NOI yield 6.1%
Type Single / Compact

Property description

This property, which has single and compact type units, is a seven-minute walk from Sanno Station on the Meitetsu Nagoya Honsen Line. From Sanno Station on the Meitetsu Line, it takes about three minutes to reach Nagoya Station, which has major department stores and home electronics retailers located around the station, providing a highly convenient living environment.
Nagoya Station is the main terminal serving Nagoya and features a number of public transit options, such as JR, subway, Meitetsu, Kintetsu and other lines. The vicinity around Nagoya Station is undergoing redevelopment that will transform it into a leading commercial district.
On the west side of this property is a major arterial north-south road connecting to downtown Nagoya. The property also offers excellent access to National Route 22, National Route 23, and Nagoya Port.

With such characteristics, convenience of transportation and living is excellent and the property is believed to have a relatively high level of competitiveness in the leasing market of areas with similar economic situations.

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