| Address/Location |
: |
Aza-Higashiyama, Niseko-cho, Abuta-gun, Hokkaido. |
| Property description |
: |
5-storey hotel building with 1-storey of basement comprising 200 rooms. |
| Property type |
: |
Hotel |
| Age |
: |
Approximately 40 years |
| Title details |
: |
Lot No. 1-2, 5-4, 6-2 and 7-3, Aza-Higashiyama, Niseko-cho, Abuta-gun, Hokkaido, Japan. |
| Encumbrances/Limitation in title/ interest |
: |
The property is charged to secure financing and there is
no restriction attached to the title. |
| Status of holdings |
: |
Freehold |
| Existing use |
: |
Commercial building |
| Parking spaces |
: |
Nil |
| Lessee |
: |
Niseko Village K.K. |
| Lease term |
: |
The property is leased for a term expiring on 25 September
2048. |
| Date of acquisition |
: |
26 September 2018 |
| Cost of acquisition(including incidentals) |
: |
JPY6,005,452,000 |
| Fair value adjustments for the financial year |
: |
JPY190,000,000 or RM6,217,000 |
| Market value |
: |
JPY6,280,000,000 |
| Date of last valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Colliers International Japan KK |
| Net book value |
: |
RM202,963,000 |
