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Home > Asset Portfolio > Nursing Home > Assisted Living Toke

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 December 2024)	¥ 1,280 million (S$ 11.1 million)2
Location Map	Click here to view location map

Note:

1. The Property was valued by CBRE K.K using Discounted Cash Flow, Direct Income and Cost Approach methods. Based on an exchange rate of S$1.00 to JPY 115.6.