Asset Portfolio



Property description

Kikuya Warakuen is a freehold 2 to 4-storey paid nursing home consisting of 70 rooms.

Well located in the residential area of Kudamatsu City, south east of Yamaguchi Prefecture. The property is located approximately 870m northwest of JR Sanyo Main Line Kudumatsu Station.

Land Tenure Freehold
Land Area 4,905 sq m
Floor Area 3,641 sq m
Number of Nursing Home Units (Rooms) 70
Year of Completion 1964 to 20041
Committed Occupancy 100%
Name of Lessee (s) K.K. M.C.S.
Appraised Value (as at 31 December 2016) ¥ 841 million (S$ 10.5 million)2
Location Map Click here to view location map

Note:

  1. 1. Main building 1 in 1964 and main building 2 in 2004
  2. 2. 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 JPY80.06.