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Home > Asset Portfolio > Nursing Home > Smiling Home Medis Musashi Urawa

Property description

Smiling Home Medis Musashi Urawa is a freehold 3-storey paid nursing home with care service consisting of 44 units.

Located along the JR Saikyo Line, Smiling Home Medis Musashi Urawa is within a short walk from Musashi Urawa station and is near Akiba Hospital.

Key Statistics

Land Tenure	Freehold
Land Area	802 sq m
Floor Area	1,603 sq m
Number of Units (Rooms)	44
Year of Completion	1991 Conversion works were completed in 2004
Committed Occupancy	100.0%
Name of Lessee (s)	Green Life Higashi Nihon 1
Appraised Value (as at 31 December 2023)	¥838 million (S$7.8 million)2
Location Map	Click here to view location map

Note:

1. Change of name with effect from 1 May 2013 due to organisational restructuring by Green Life Co., Ltd, parent company of Medis Corporation.
2. The property was valued by CBRE K.K using the Direct Capitalisation and Discounted Cash Flow Methods. Based on an exchange rate of S$1.00 to JPY 107.5.