Samty Residential Investment Corporation

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B-15S-FORT Takasagomachi

Address 1-30 Takasagomachi, Oita-shi, Oita
Access Approx. a nine-minute walk from Oita Station on JR Nippo Main Line
Number of rentableunits 92
Construction completed Dec. 2006
Acquisition price 1,015 million yen
Appraised NOI yield 5.7%
Type Single / Compact / Family

Property description

The Property, which has single, compact and family type units, is located about a nine-minute walk from Oita Station on JR Nippo Main Line. Around the area, there are a broadcast station and a culture center, and in Oita Station Building, there are commercial facilities and restaurants. As such, the area has a good command of access to business areas and commercial areas. With streets lined with condominiums, stores and office buildings, the area forms a district where residences, commercial facilities and workplaces gather together. Therefore, demand for lease by single-household working adults commuting to the business area and DINKS 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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