Samty Residential Investment Corporation

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B-18S-FORT Suizenji

Address 3-34-10 Suizenji, Chuo-ku, Kumamoto-shi, Kumamoto
Access Approx. a six-minute walk from Suizenji Station on JR Hohi Main Line
Number of rentableunits 119
Construction completed Jul. 2006
Acquisition price 1,332 million yen
Appraised NOI yield 5.6%
Type Single / Compact

Property description

The Property, which has single, compact and family type units, is located about a six-minute walk from Suizenji Station on JR Hohi Main Line. From Suizenji Station, it takes approx. 10 minutes to Kumamoto Station, and approx. 22 minutes by Kumamoto City Tram Line to Hanabatacho Station. As such, the area has a good command of access to business areas and commercial areas. With streets lined with condominiums and stores, the area forms a district where residences and commercial facilities gather together. As there is a concentration of supermarket, commercial stores and restaurants, etc., demand for lease by single-household working adults commuting to the business area and DINKS as well as families 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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