Asset Portfolio



Property description

Ocean View Shonan Arasaki is a freehold 6-storey building with paid nursing home consisting of 79 units.

Well located in the residential area of Yokosuka City, one of the major cities in the Kanagawa Prefecture. Situated along the scenic Sagami Bay which is at the east side of Miura Peninsula, the Property is accessible via Misakiguchi train station.

Key Statistics

Land Tenure Freehold
Land Area 3,067 sq m
Net Lettable Area 5,304 sq m
Number of Units (Rooms) 79
Year of Completion 2007
Committed Occupancy 100%
Name of Lessee (s) K.K. Japan Amenity Life Association1
Appraised Value (as at 31 December 2019) ¥2,060 million (S$ 25.5 million)2
Location Map Click here to view location map

Note:

  1. Change of name with effect from 1 June 2019 due to acquisition of K.K. Ouekikaku by K.K. Japan Amenity Life Association.
  2. The property was valued by CBRE K.K using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 80.71.