Samty Residential Investment Corporation

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  3. S-FORT Tsurumai reale

A-31S-FORT Tsurumai reale

Address 2-9-3 Tsurumai, Showa-ku, Nagoya-shi, Aichi
Access Approx. a seven minute walk from Tsurumai Station on JR Chuo Main Line
Number of rentableunits 56
Construction completed Jan. 2017
Acquisition price 1,571 million yen
Appraised NOI yield 5.0%
Type Compact / Family

Property description

The Property, which has family type units, is located about a seven-minute walk from “Tsurumai Station on JR Chuo Main Line. From Tsurumai Station, it takes approx. 7 minutes by JR Chuo Main Line to Nagoya Station, and approx. 14 minutes by Subway Tsurumai Line to Sakae Station. As such, the Property commands excellent access to business and commercial areas. With streets lined with many condominiums and single-family houses, etc. and lush greenery of Tsurumai Park located near the statin, the area is a good residential area as there is a concentration of supermarkets and restaurants, etc. in the vicinity within walking distance offering a convenient living environment, therefore, demand for lease from DINKS (meaning families of double-income couples having no child; same applies hereinafter) and families 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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