Asset Portfolio

Property description

Palmary Inn Shin-Kobe is a freehold 10+1(basement)-storey paid nursing care home with care service consisting of 70 units.

Located in the commercial district in the southeast of Kobe City, Palmary Inn Shin-Kobe is easy accessible by Kobe City Subway line and within a 2-min walk from Shin Kobe station.

Key Statistics

Land Tenure Freehold
Land Area 1,034 sq m
Floor Area 3,964 sq m
Number of Units (Rooms) 70
Year of Completion 1992
Committed Occupancy 100%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2020) ¥1,660 million (S$21.3 million)1
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  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.