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Home > Asset Portfolio > Nursing Home > Palmary Inn Akashi

Property description

Palmary Inn Akashi is a freehold 6-storey paid nursing home with care service consisting of 96 units.

Located in the waterfront area of Harima Sea, Palmary Inn Akashi enjoys a fine seaview. It is easily accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.

Key Statistics

Land Tenure	Freehold
Land Area	5,891 sq m
Floor Area	6,562 sq m
Number of Units (Rooms)	96
Year of Completion	1987; Conversion works were completed in 2003
Committed Occupancy	100%
Name of Lessee (s)	Asset Co., Ltd
Appraised Value (as at 31 December 2020)	¥1,830 million (S$23.4 million)1
Location Map	Click here to view location map

Note:

1. The property was valued by Cushman & Wakefield using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 78.06.