Samty Residential Investment Corporation

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A-03S-FORT Fujigaoka

Address 12, Himewaka-cho, Meitou-ku, Nagoya, Aichi
Access Approx. a nine-minute walk from Hongo Sta., Nagoya City Subway Higashiyama Line
Number of rentableunits 80
Construction completed Feb. 2008
Acquisition price 750 million yen
Appraised NOI yield 6.0%
Type Single

Property description

This property, wholly occupied with single type units, is a nine-minute walk from Hongo Station on the Nagoya City Subway Higashiyama Line.
It takes around 23 to 24 minutes from Hongo Station to Nagoya Station using the subway and around 19 to 20 minutes to Sakae Station, offering great access to the downtown core of Nagoya.
There are many universities located along the Higashiyama Line, and this property is also located near the railway terminal of Fujigaoka Station, which has a large concentration of commercial facilities, financial institutions, eateries and retail stores within about a one-kilometer area.
This property is also situated 250 meters from the Nagoya IC and Hongo IC, providing convenient expressway access to destinations outside the city.

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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