Samty Residential Investment Corporation

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  3. S-FORT Oita Ekimae

B-16S-FORT Oita Ekimae

Address 3-1-4 Chuomachi, Oita-shi, Oita
Access Approx. a six-minute walk from Oita Station on JR Nippo Main Line
Number of rentableunits 91
Construction completed Mar. 2007
Acquisition price 904 million yen
Appraised NOI yield 5.7%
Type Single / Compact

Property description

The Property, which has single and compact type units, is located about a six-minute walk from Oita Station on JR Nippo Main Line. In its vicinity within a walking distance, there are Oita Prefectural Government Office, City Office and financial facilities, etc. as well as an arcade where a department store and various types stores nestle up to one another. In addition, there are commercial facilities and restaurants in JR’s Oita Station Building. 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. As such, 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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