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Home > Asset Portfolio > Nursing Home > Maison des Centenaire Ishizugawa

Property description

Maison des Centenaire Ishizugawa is a freehold 5-storey paid nursing home with care service consisting of 52 units.

Easily accessible by Nankai Wakayama Line, Maison des Centenaire Ishizugawa is located within a short walk to “Ishizugawa” Station. Well nestled in a conducive residential area, the property is also located near to Kusuhara Hospital.

Key Statistics

Land Tenure	Freehold
Land Area	1,111 sq m
Floor Area	2,129 sq m
Number of Units (Rooms)	52
Year of Completion	1988 Conversion works were completed in 2003
Committed Occupancy	100%
Name of Lessee (s)	Miyako Kenkokai Medical Corporation
Appraised Value (as at 31 December 2023)	¥ 975 million (S$9.1 million)1
Location Map	Click here to view location map

Note:

1. The property was valued by Enrix Co Ltd using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 107.5.