Asset Portfolio



Property description

Silver Heights Hitsujigaoka (Ichibankan and Nibankan) is a paid nursing home facility consisting of 2 freehold buildings ranging from 5 to 6 storeys with a total of 123 rooms.

Well located in the residential area of Toyohira-ku within Sapporo City, 10 minute walk from the Fukuzumi Station on the Sapporo city subway Toho Line.

Key Statistics

Land Tenure Freehold
Land Area 5,694 sq m
Floor Area 9,013 sq m
Number of Nursing Home Units (Rooms) 123
Year of Completion 1987 to 1991
Committed Occupancy 100%
Name of Lessee (s) K.K. Silver Heights Sapporo
Appraised Value (as at 31 December 2016) ¥ 1,160 million (S$ 14.37 million)2
Location Map Click here to view location map

Note:

  1. Silver Heights Hitsujigaoka Ichibankan on 1987 and the extension (Nibankan) on 1991
  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 JPY 80.71.