Asset Portfolio



Property description

Maison des Centenaire Ishizugawa is a freehold 5-storey paid nursing home with care service consisting of 52 units.

Easily accessible by Nankai Wakayama Line, Maison des Centenaire Ishizugawa is located within a short walk to “Ishizugawa” Station. Well nestled in a conducive residential area, the property is also located near to Kusuhara Hospital.

Key Statistics

Land Tenure Freehold
Land Area 1,111 sq m
Floor Area 2,129 sq m
Number of Units (Rooms) 52
Year of Completion 1988
Conversion works were completed in 2003
Committed Occupancy 100%
Name of Lessee (s) Miyako Kenkokai Medical Corporation
Appraised Value (as at 31 December 2016) ¥ 922 million (S$11.42 million)1
Location Map Click here to view location map

Note:

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