Asset Portfolio



Property description

Sawayaka Minatokan is a freehold 3-storey paid nursing home consisting of 50 units.

Well nestled in a conducive residential area, the Property is approximately 3km to JR Joetsu Shinkansen Line, Shinetsu main Line, Hakusin Line and Echigo Line "Niigata" Station.

Key Statistics

Land Tenure Freehold
Land Area 3,551 sq m
Floor Area 2,246 sq m
Number of Units (Rooms) 50
Year of Completion 2012
Committed Occupancy 100%
Name of Lessee (s) K.K. Sawayaka Club
Appraised Value (as at 31 December 2016) ¥ 727 million (S$ 9.01 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.