Hikari Heights Varus Ishiyama

A 9-storey nursing home easily accessible via bus from Makomanai Station on the Sapporo City Subway Nanboku Line.

GROSS
FLOOR
AREA
8,747
sq metres

FY2023
RENTAL
INCOME(1)
S$0.7
million

APPRAISED VALUE(2)
S$7.2
million
JPY 782
million

PROPERTY TYPE NURSING HOME
Land Area 4,413 square metres
Purchase Price JPY839 million
Land Title Freehold
Maximum Rooms 117
Lease Term 30 + 5 years
Lease Expiry Date 24 April 2043
Tenants Hikari Heights Varus Co., Ltd.
Appointed Valuer C&W KK
(1) Without FRS 116 Adjustment on rental straight-lining; Converted to SGD based on the average exchange rate of SGD 1 = JPY 102.04

(2) As at 31 December 2023; Converted to SGD based on the end of period exchange rate of SGD 1 = JPY 109