| Address/Location |
: |
Aza-Soga, Niseko-cho, Abuta-gun, Hokkaido. |
| Property description |
: |
16-storey hotel building with 1-storey of basement comprising 506 rooms. |
| Property type |
: |
Hotel |
| Age |
: |
Approximately 29 years |
| Title details |
: |
Lot No. 919-15, 919-18, 919-19, 920-4, 920-5 and
920-7, Aza-Soga, Niseko-cho, Abuta-gun and Lot No.
214-6, 252-2 and 264-4, Aza-Kabayama, Kutchan-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 |
: |
290 bays |
| Lessee |
: |
Niseko Village K.K. |
| Lease term |
: |
The property is leased for a term expiring on 21 December
2026. |
| Date of acquisition |
: |
22 December 2011 |
| Cost of acquisition(including incidentals) |
: |
JPY6,402,726,000 |
| Fair value adjustments
for the financial year |
: |
JPY440,000,000 or RM14,398,000 |
| Market value |
: |
JPY9,740,000,000 |
| Date of last valuation |
: |
31 May 2023 |
| Independent valuer |
: |
Savills Japan Valuation G.K. |
| Net book value |
: |
RM314,787,000 |
