Samty Residential Investment Corporation

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A-46S-FORT Kamiyashiro

Address 4-17-1 Kamiyashiro, Meito-ku, Nagoya-shi, Aichi
Access Approx. a five minute walk from Kamiyashiro Station on the Nagoya City Subway Higashiyama Line
Number of rentableunits 42
Construction completed Feb. 2004
Acquisition price 429 million yen
Appraised NOI yield 5.7%
Type Single

Property description

The Property, which has single type units, is about a 5‐minute walk from Kamiyashiro Station on the Nagoya City Subway Higashiyama Line. From Kamiyashiro Station via the Higashiyama Line, trips to major business areas and commercial areas without changing lines are possible (about 20 minutes to Sakae Station, about 22 minutes to Fushimi Station and about 25 minutes to Nagoya Station), offering excellent access to the city center. Furthermore, with Kamiyashiro I.C. of Mei-Nikan Expressway located to the west of the Property, the area enjoys excellent access not only to peripheral areas of Nagoya City but also to outside the prefecture. With streets lined with condominiums and single‐family houses, the area forms a residential area. As there are many shops in the vicinity of the station offering daily convenience, demand for lease from single‐household working adults commuting to business areas and students commuting to universities in the vicinity or along the railway lines can be anticipated.
With such characteristics, the Property is believed to be competitive in the leasing market with areas with comparable supply and demand trends.

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