Page 30 - ar2012

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 fne seaview. It is easily
accessible by Sanyo Dentetsu line and within a short walk to Nakayagi station.
Palmary Inn Suma is a freehold 6-storey paid nursing home with care service consisting of 59 units.
Located in the coastal district in the south of Suma-ku, Palmary Inn Suma is easily accessible by
Sanyo Dentetsu line and within a short walk from Sumadera station.
Palmary Inn Akashi
486 Yagi, Okubo-cho, Akashi City,
Hyogo Prefecture, Japan
Palmary Inn Suma
1-5-23 Chimori-cho, Suma-ku, Kobe City,
Hyogo Prefecture, Japan
Key Statistics Palmary Inn Akashi Palmary Inn Suma
Land Tenure
Land Area
Net Lettable Area
Number of Units (Rooms)
Year of Completion
Committed Occupancy
Name of Lessee (s)
Appraised Value
(as at 31 December 2012)
Gross Revenue (2012)
Purchase Price
Year of Purchase
Freehold
2,676 sq m
4,539 sq m
59
1989
100.0%
Asset Co., Ltd
¥ 872 million (S$12.4 million)1
¥ 67,890,000
(1.1% of Total Gross Revenue)
¥ 867 million (S$11.68 million)
2008
Freehold
5,891 sq m
6,562 sq m
96
1987;
Conversion works were completed in 2003
100.0%
Asset Co., Ltd
¥ 1,500 million (S$21.4 million) 1
¥ 113,400,000
(1.9% of Total Gross Revenue)
¥ 1,498 million (S$20.19 million)
2008
Note:
1The property was valued by Colliers International using the Direct Income, Cost and Discounted Cash Flow Approaches. Based on an exchange rate of S$1.00
to 70.18 units JPY.
Hyogo Prefecture
ParkwayLife REIT Annual Report FY2012
28
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