Samty Residential Investment Corporation

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B-20S-FORT Kumamoto Senba

Address 1-23 Senbamachi-Shimo, Chuo-ku, Kumamoto-shi, Kumamoto
Access Approx. a four-minute walk from Keitokukoumae Station on Kumamoto City Tram Line
Number of rentableunits 91
Construction completed Jan. 2008
Acquisition price 1,010 million yen
Appraised NOI yield 5.9%
Type Single / Compact / Family

Property description

The Property, which has single and compact type units, is located about a four-minute walk from Keitokukoumae Station on Kumamoto City Tram Line. As the area from Karashimacho Station which is within a walking distance to the front side of City Office is the central part of business and commercial districts, the Property has a good command of access to business areas and commercial areas. Furthermore, at the site of former Kumamoto Kotsu Center located in Sakuramachi, Chuo-ku, Kumamoto-shi, a large-scale urban redevelopment work to build a bus terminal, commercial facilities, movie theaters, hotels, etc. is ongoing. With streets lined with many condominiums, office buildings and stores, etc., the area forms a district where residences, commercial facilities and workplaces gather together as there is a concentration of stores and buildings, etc. offering living convenience facilities in the vicinity within walking distance, and its central part is also within walking distance. As such, demand for lease by students, single-household working adults commuting to the business area, DINKS and 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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