Samty Residential Investment Corporation

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  3. S-RESIDENCE Miyanomori

A-47S-RESIDENCE Miyanomori

Address 10-2-7 Miyanomori-sanjo, Chuo-ku, Sapporo-shi, Hokkaido
Access Approx. a four minute walk from Chokoku Bijutsukan Iriguchi Bus Stop on the JR Hokkaido Bus Line
Number of rentableunits 22
Construction completed Nov. 2017
Acquisition price 660 million yen
Appraised NOI yield 5.4%
Type Family

Property description

The Property, which has family type units, is located about a 4‐minute walk from Chokoku Bijutsukan Iriguchi Bus Stop on the JR Hokkaido Bus Line. Access to the city center is favorable as it takes about 7 minutes to Nishi nijuhatchome Station on the Sapporo City Subway Tozai Line from Chokoku Bijutsukan Iriguchi Bus Stop by bus and about 7 minutes to Odori Station from Nishi nijuhatchome Station via the Tozai Line, and about 15 minutes to Sapporo Station changing trains to Sapporo City Subway Namboku Line at Odori Station. With streets lined with condominiums and single‐family houses, the area forms a residential area. Maruyama Park, Mt. Okura and such in the surrounding create an environment where residents can enjoy nature with abundant greenery. The Property provides, in comparison with condominiums in the vicinity, sufficient facility functionality and comfort as well as a class surpassing the standard. In addition, the Property has indoor parking capable of accepting large-size vehicles as well as space for storing tires, and thus demand for lease from families commuting to business areas, including those commuting by car, can be anticipated.
With such characteristics, the Property is believed to be highly competitive in the leasing market with areas with comparable supply and demand trends.

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