Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed development Dublin Lodge has once more gotten marketed by using expression of interest for a lower list price of $65 mil.
The District 9 building was in the past pushed out in February, with the conserve price fixed at $67.55 mil.
Considered to be almost 35-years old, the development is located on a personal cul-de-sac at Dublin Road. It right now possesses eight strata terraces with floor areas of in between 238 square meter and 240 square meter.
Dublin Lodge takes up a Two thousand Five hundred Ten sq m site that is sectioned for household purpose under the 2K19 Master Plan. The development is also among the two-storey varying landed area.
Marketing and advertising agent Cushman & Wakefield shared the location may be reconstructed toward a single detached home or even be redivided in to 10 private terraces, dependent on the authorization of related bodies.
” This is truly an engaging possibility to get a fabulous property given that landed house ventures on the edge of Orchard Rd are rare,” suggested Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” The property’s excellent core area, free lease tenure and even most of all, its desirable address will definitely be extremely sought after.”
Strikingly, Dublin Lodge is near Somerset train Terminal furthermore is only a 10 min travel to the Central Business District.
Sim included that given that all eight property owners have actually supported the transaction, there is absolutely no requirement to put up to the STB for a sale requisition.
The expression of interest exercise for Dublin Lodge closes on 4January2K22.