Samty Residential Investment Corporation

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B-06S-FORT Utsunomiya

Address 4‐2‐23 Higashi Shukugo, Utsunomiya‐shi, Tochigi
Access Approx. a nine minute walk from Utsunomiya Station on the JR Utsunomiya Line
Number of rentableunits 52
Construction completed Sep. 2007
Acquisition price 612 million yen
Appraised NOI yield 6.0%
Type Compact

Property description

The Property, which has compact type units, is about a nine‐minute walk from Utsunomiya Station on the JR Utsunomiya Line. The Utsunomiya Station east exit area, where the Property is located, has an office building area mainly along the Kinu‐dori street. There are also large‐scale industrial parks housing major Japanese car manufacturers as the mainstay as well as electric products manufacturers, pharmaceutical companies and machine industries. Because of this, demand for housing is strong primarily from commuters who prefer proximity to these districts, and the area is among the most popular areas in the city.

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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