Samty Residential Investment Corporation

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A-28S-FORT Chion-inmae

Address 577‐3 Inari‐cho Minamigumi, Higashiyama‐ku, Kyoto‐shi, Kyoto
Access Approx. a four minute walk from Higashiyama Station on the Kyoto City Subway Tozai Line
Number of rentableunits 18
Construction completed Sep. 2005
Acquisition price 500 million yen
Appraised NOI yield 5.0%
Type Compact / Family / Commercial

Property description

The Property, which has compact and family type units with storefronts, is about a four‐minute walk from Higashiyama Station on the Kyoto City Subway Tozai Line. In addition to the above‐mentioned subway, Keihan Main Line and Hankyu Kyoto Line are available, and city buses are circulating for a variety of destinations in Kyoto City. As such, the area offers good convenience of transportation. In the vicinity of the Property, there are convenience stores and restaurants, etc., and temples and shrines representing Kyoto, such as Kiyomizu‐dera Temple, Yasaka Shrine and Chion‐in Temple, are scattered along the Higashi‐Oji‐dori street and behind. Moreover, the Property is close to such sightseeing destinations as Gion and Shirakawa, and is near Maruyama Park. Accordingly, the Property is in a living environment that offers both living convenience and cultural atmosphere.

With such characteristics, the Property is believed to have a relatively high level of competitiveness in the leasing market of areas with comparable supply and demand trends.

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