Samty Residential Investment Corporation

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B-17S-FORT Oita Otemachi

Address 1-4-9 Otemachi, Oita-shi, Oita
Access Approx. a two-minute walk from Compal Hall Iriguchi Bus stop on Oita Shigaichi Junkan Bus Line
Number of rentableunits 35
Construction completed Jul. 2016
Acquisition price 277 million yen
Appraised NOI yield 5.6%
Type Single

Property description

The Property, which has single type units, is located about a two-minute walk from Compal Hall Iriguchi Bus stop on Oita Shigaichi Junkan Bus Line, and about a 13-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. 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, single-family houses 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 competitiveness in the leasing market with areas with comparable supply and demand trends.

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