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Home > Asset Portfolio > Nursing Home > Silver Heights Hitsujigaoka

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 2023)	¥ 1,330 million (S$ 12.4 million)2
Location Map	Click here to view location map

Note:

1. Silver Heights Hitsujigaoka Ichibankan on 1987 and Nibankan on 1991
2. The property was valued by Cushman & Wakefield K.K using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 107.5.