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Property description

Palmary Inn Akashi is a freehold 6-storey paid nursing home with care service consisting of 96 units.

Located in the waterfront area of Harima Sea, Palmary Inn Akashi enjoys a fine seaview. It is easily accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.

Key Statistics

Land Tenure Freehold
Land Area 5,891 sq m
Net Lettable Area 6,562 sq m
Number of Units (Rooms) 96
Year of Completion 1987;
Conversion works were completed in 2003
Committed Occupancy 100.0%
Name of Lessee (s) Asset Co., Ltd
Appraised Value (as at 31 December 2009) ¥1,469 million (S$22.5 million)1
Location Map Click here to view location map

Note:

  1. The property was valued by Colliers Halifax using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00 to 65.32 units JPY.