Varus Cuore Yamanote

A 4-storey nursing facility located in a residential area not far from Sapporo city centre.

GROSS
FLOOR
AREA
2,808
sq metres

FY2024
RENTAL
INCOME(1)
S$0.5
million

APPRAISED VALUE(2)
S$9.9
million
JPY 1,130
million

PROPERTY TYPE NURSING HOME
Land Area 1,668 square metres
Purchase Price JPY 1,007 million
Land Title Freehold
Maximum Rooms 59
Lease Term 30 + 5 years
Lease Expiry Date 24 April 2043
Tenants Hikari Heights Varus Co., Ltd.
Appointed Valuer Colliers KK
(1) Converted to SGD based on the average exchange rate of SGD 1 = JPY 112

(2) As at 31 December 2024; Converted to SGD based on the end of period exchange rate of SGD 1 = JPY 114