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      Shin-Yamashita
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    • Happy Life Toyonaka
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Home > Asset Portfolio > Nursing Home > Happy Life Toyonaka

Property description

Happy Life Toyonaka¹ is a freehold 4-storey paid nursing home consisting of 42 units.

Well nestled in conducive residential area in the vicinity, the Property is approximately 15mins walk from Hankyu-Kobe line “Sonoda” Station.

Key Statistics

Land Tenure	Freehold
Land Area	628 sq m
Floor Area	1,254 sq m
Number of Units (Rooms)	42
Year of Completion	2007 Conversion works were completed in 2009
Committed Occupancy	100%
Name of Lessee (s)	K.K. Nihon Kaigo Iryo Center
Appraised Value (as at 31 December 2023)	¥ 559 million (S$ 5.2 million)2
Location Map	Click here to view location map

Note:

1. Formerly known as Heart Life Toyonaka.
2. 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.