Asset Portfolio



Property description

Assisted Living Toke is a freehold, 3-storey nursing home, consisting of 80 units.

It is strategically located in the residential neighbourhood of Chiba City, Chiba Prefecture. The Property is accessible from Toke Station and approximately 22 minute train ride from Chiba Station.

Land Tenure Freehold
Land Area 2,293.36 sq m
Floor Area 2,824.28 sq m
Number of Nursing Home Units (Rooms) 80
Year of Completion 2021
Committed Occupancy 100%
Name of Lessee (s) Zen Wellness Co., Ltd.
Appraised Value (as at 31 July 2021) ¥ 1,320 million (S$ 13.5 million)2
Location Map Click here to view location map

Note:

  1. The Property was valued by Enrix Co., Ltd. using Discounted Cash Flow, Direct Income and Cost Approach methods. Based on an exchange rate of S$1.00 to ¥98.04.