Samty Residential Investment Corporation

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  3. S-RESIDENCE Midoribashi Ekimae

A-30S-RESIDENCE Midoribashi Ekimae

Address 2-13-3 Nakamoto, Higashinari-ku, Osaka-shi, Osaka
Access Approx. a two minute walk from Midoribashi Station on the Osaka City Subway Chuo Line and the Imazatosuji Line
Number of rentableunits 148
Construction completed Oct. 2016
Acquisition price 1,846 million yen
Appraised NOI yield 5.0%
Type Single

Property description

The Property, which has single type units, is located about a two-minute walk from Midoribashi Station on the Osaka City Subway Chuo Line and the Imazatosuji Line. From Midoribashi Station, it takes approx. 7 minutes by subway to Honmachi Station, and approx. 20 minutes to either Shinsaibashi or Umeda Station. As such, the Property commands excellent access to business and commercial areas. With streets lined with many residences and factories, etc., the area forms a district where workplaces and residences gather together. There is a concentration of restaurants, supermarkets, etc. in the vicinity within walking distance offering a convenient living environment, therefore, demand for lease from single-household working adults commuting to a business area can be anticipated.
With such characteristics, the Property is believed to have a high level of competitiveness in the leasing market with areas with comparable supply and demand trends.

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