Samty Residential Investment Corporation

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B-05S-RESIDENCE Esaka

Address 12‐31 Hiroshiba‐cho, Suita‐shi, Osaka
Access Approx. a five minute walk from Esaka Station on the Osaka City Subway Midosuji Line
Number of rentableunits 138
Construction completed Sep. 2015
Acquisition price 2,323 million yen
Appraised NOI yield 5.0%
Type Single / Compact

Property description

The Property, which has single and compact type units, is about a five‐minute walk from Esaka Station on the Osaka City Subway Midosuji Line. Access to the central areas of the city is excellent, as it takes approx. 5 minutes to Shin‐Osaka Station, approx. 11 minutes to Umeda Station and approx. 20 minutes to Namba Station from Esaka Station by using subways. The area around Esaka Station is one of the most popular areas in Osaka Prefecture, as it features both living convenience of a downtown and a suburban living environment and has a large demand base of not only the singles and family households in the Kansai region but also business transfers and students. The living convenience is also favorable with a concentration of shopping centers, convenience stores and restaurants, etc. around the station. The building has a high grade and excellent design, and is well equipped with housing equipment and security systems, etc.

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

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