Asset Portfolio



Property description

Smiling Home Medis Musashi Urawa is a freehold 3-storey paid nursing home with care service consisting of 44 units.

Located along the JR Saikyo Line, Smiling Home Medis Musashi Urawa is within a short walk from Musashi Urawa station and is near Akiba Hospital.

Key Statistics

Land Tenure Freehold
Land Area 802 sq m
Floor Area 1,603 sq m
Number of Units (Rooms) 44
Year of Completion 1991
Conversion works were completed in 2004
Committed Occupancy 100%
Name of Lessee (s) Green Life Higashi Nihon 1
Appraised Value (as at 31 December 2016) ¥787 million (S$9.75 million)2
Location Map Click here to view location map

Note:

  1. Change of name with effect from 1 May 2013 due to organisational restructuring by Green Life Co., Ltd, parent company of Medis Corporation.
  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.