Asset Portfolio



Property description

Wakaba no Oka is a freehold 3-storey paid nursing home consisting of 135 rooms.

Well nestled in a conducive residential area of Wakaba-ku, northeast of Chiba City. The property is located approximately 600m northeast of Sakuragi on the Urban Monorail 2nd Line.

Land Tenure Freehold
Land Area 6,574 sq m
Floor Area 5,431 sq m
Number of Nursing Home Units (Rooms) 135
Year of Completion 1993
Committed Occupancy 100%
Name of Lessee (s) K.K. Taijyu
Appraised Value (as at 31 December 2016) ¥ 2,090 million (S$ 26.1 million)1
Location Map Click here to view location map

Note:

  1. The 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 JPY80.06.