Asset Portfolio



Property description

Palmary Inn Akashi is a freehold 6-storey paid nursing home with care service consisting of 96 units.

Located in the waterfront area of Harima Sea, Palmary Inn Akashi enjoys a fine seaview. It is easily accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.

Key Statistics

Land Tenure Freehold
Land Area 5,891 sq m
Floor Area 6,562 sq m
Number of Units (Rooms) 96
Year of Completion 1987;
Conversion works were completed in 2003
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2016) ¥1,740 million (S$21.56 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by Colliers International using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to JPY 80.71.