Samty Residential Investment Corporation

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A-05S-FORT Fukuoka Kencho Mae

Address 4-2-8, Chiyo, Hakataku Fukuoka
Access Approx. a 2-minute walk from Chiyo Kenchoguchi Sta., Fukuoka City Subway Hakozaki Line
Number of rentableunits 104
Construction completed Jan. 2008
Acquisition price 979 million yen
Appraised NOI yield 5.7%
Type Single

Property description

This property, wholly occupied with single type units, is a two-minute walk from Chiyo Kenchoguchi Station on the Fukuoka City Subway Hakozaki Line. Tenjin Station can be reached from Chiyo Kenchoguchi Station in about four minutes on the subway and Hakata Station is between eight and 10 minutes away, including transfer time, providing excellent access to the downtown core of Fukuoka, which is a major hub of business and commerce.
The roadside commercial area along National Route 3 and Prefectural Road 550, which traverse the area, has a large number of shopping centers, supermarkets and eateries. This property is also just 600 meters from the Fukuoka Prefectural Government Building and 700 meters from Kyushu University Hospital. The neighborhood also has a vibrant living environment thanks to Sofuku-ji Temple, a Fukuoka City heritage site, and an expansive park called Higashi Park.

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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