Samty Residential Investment Corporation

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A-40S-FORT Nakahirodori

Address 2-20-1 Nakahiromachi, Nishi-ku, Hiroshima-shi, Hiroshima
Access Approx. a nine minute walk from Teramachi Station on Hiroshima Electric Railway Yokogawa Line
Number of rentableunits 74
Construction completed Mar. 2007
Acquisition price 885 million yen
Appraised NOI yield 5.3%
Type Single

Property description

The Property, which has single type units, is about nine-minute walk from Teramachi Station on Hiroshima Electric Railway Yokogawa Line. From Teramachi Station, it takes approx. 9 minutes to Kamiyacho-Nishi Station, approx. 10 minutes to Hatchobori Station, but if bicycle is used, it takes only 10 minutes or so to the same stations. As such, the area has a good command of access to business and commercial areas, and forms a residential area with streets lined with condominiums and single-family houses. There is a concentration of living convenience facilities such as supermarket in the vicinity within walking distance, and demand for lease by single-household working adults commuting to the business area can be anticipated.
With such characteristics, the Property is believed to have a relatively high level of competitiveness in the leasing market with areas with comparable supply and demand trends.

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