Samty Residential Investment Corporation

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B-13S-FORT Tsu Shinmachi

Address 1-1-5 Shinmachi, Tsu-shi, Mie
Access Approx. a five-minute walk from Tsu-Shinmachi Station on Kintetsu Nagoya Line
Number of rentableunits 69
Construction completed Jan. 2010
Acquisition price 767 million yen
Appraised NOI yield 6.2%
Type Compact

Property description

The Property, which has compact type units, is located about a five-minute walk from Tsu-Shinmachi Station on Kintetsu Nagoya Line. To the northeast of the station, there is a concentration of government offices including the City Office, Legal Affairs Bureau, Court, etc. and financial institutes. As such, the area has a good command of access to business area. With streets lined with single-family houses and condominiums, the area offers a good living environment. In addition to supermarkets and restaurants located around the station, there is a large-scale retail store along the arterial road offering living convenience facilities. In view of the concentration of government office such as the City Office and Legal Affairs Bureau, etc. existing to the northwest of Tsu-Shinmachi Station, demand for lease from single-household working adults and DINKS commuting to business areas 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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