Asset Portfolio



Property description

Blue Terrace Taisetsu is a freehold, 3-storey nursing home, consisting of 80 units.

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

Key Statistics

Land Tenure Freehold
Land Area 1,268.14 sq m
Floor Area 2,607.89 sq m
Number of Nursing Home Units (Rooms) 80
Year of Completion 2010
Committed Occupancy 100%
Name of Lessee (s) Blue Care Kabushiki Kaisha
Appraised Value (as at 31 July 2022) ¥ 777 million (S$ 7.9 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.