Samty Residential Investment Corporation

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A-41S-FORT Tsurumicho

Address 7-10 Tsurumicho, Naka-ku, Hiroshima-shi, Hiroshima
Access Approx. a six minute walk from Hijiyamabashi Station on Hiroshima Electric Railway Minami Line
Number of rentableunits 51
Construction completed Oct. 2008
Acquisition price 820 million yen
Appraised NOI yield 5.0%
Type Compact / Family

Property description

The Property, which has compact and family type units, is about six-minute walk from Hijiyamabashi Station on Hiroshima Electric Railway Minami Line. From Hijiyamabashi Station, it takes approx. 17 minutes to Kamiyacho-Nishi Station, and approx. 15 minutes to Hatchobori Station, and if a 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 good residential area with streets lined with condominiums and single-family houses. There is a concentration of living convenience facilities including a large-scale daily necessities store in addition to an elementary school and Hijiyama Park offering a recreation area, and demand for lease by DINKS commuting to the business area and families 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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