Asset Portfolio



Property description

Blue Terrace Kagura is a freehold, 3-storey nursing home, consisting of 100 units.

It is strategically located in the residential neighbourhood of Asahikawa City, Hokkaido Prefecture. The Property is accessible from Asahikawa Station and approximately 2.5 hours train ride from Sapporo Station.

Key Statistics

Land Tenure Freehold
Land Area 2,063.61 sq m
Floor Area 3,788.19 sq m
Number of Nursing Home Units (Rooms) 100
Year of Completion 2016
Committed Occupancy 100%
Name of Lessee (s) Blue Care Kabushiki Kaisha
Appraised Value (as at 31 July 2022) ¥ 1,340 million (S$ 13.7 million)1
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.