Samty Residential Investment Corporation

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  3. S-FORT Mie Daigaku-mae

B-14S-FORT Mie Daigaku-mae

Address 1-131 Edobashi, Tsu-shi, Mie
Access Approx. a nine-minute walk from Edobashi Station on Kintetsu Nagoya Line
Number of rentableunits 62
Construction completed Feb. 2006
Acquisition price 599 million yen
Appraised NOI yield 6.2%
Type Compact

Property description

The Property, which has compact type units, is located about a nine-minute walk from Edobashi Station on Kintetsu Nagoya Line. The location is quite near to Mie University and Mie University Hospital. The area forms a residential district with a street lined with condominiums and single-family houses, etc. There are restaurants within a walking distance and retail stores, etc. along the arterial road, offering living convenience facilities. As such, demand for lease by students attending the university, single-household working adults and DINKS associated with the hospital 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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