Samty Residential Investment Corporation

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A-32S-FORT Osu Kannon

Address 2-10-12 Matsubara, Naka-ku, Nagoya-shi, Aichi
Access Approx. a six minute walk from Osu Kannon Station on JR Nagoya City Subway
Number of rentableunits 84
Construction completed Jan. 2018
Acquisition price 1,147 million yen
Appraised NOI yield 5.6%
Type Single / Compact

Property description

The Property, which has single and compact type units, is located about a six-minute walk from Osu Kannon Station on JR Nagoya City Subway Tsurumai Line. From Osu Kannon Station, it takes approx. 2 minutes by Tsurumai Line to Fushimi Station, approx. 3 minutes to Marunouchi Station, and approx. 4 minutes to Sakae Station. As such, the Property commands excellent access to business and commercial areas. With streets lined with many condominiums, office buildings and stores, etc., the area forms a district where residences, commercial facilities and workplaces gather together as there is a concentration of supermarkets and restaurants, etc. in the vicinity within walking distance in addition to the Osu Shopping Street around the station offering a convenient living environment where various kinds of restaurants and other stores stand in a row, therefore, demand for lease from single-household working adults commuting to business areas and DINKS 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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