Dublin Lodge up again for sale, price lowered to $65mil
Freehold landed building Dublin Lodge has recently once again gotten offered using EOI at a decrease sale value of $65 million.
The Area Nine property development was once pushed out in February, with the conserve price pegged at $67.55 mil.
Considered for being roughly 35-years old, the development is located on a personal cul-de-sac at Dublin Road. It at present possesses 8 strata terraces alongside floor surface areas of among 2,562 sq foot and 2,583 square ft
Dublin Lodge inhabits a 27,020 sq feet area that is sector for household benefit beneath the 2K19 Master Plan. It is likewise inside the two storey varying landed area.
Marketing agent Cushman & Wakefield suggested the spot may be rebuilt in to a single-detached residence on the other hand be redivided right into ten private terraces, based on the authorization of pertinent authorities.
” This is really a convincing benefit to get hold of an enchanting asset since landed real estate possibilities at the perimeter of Orchard Road are infrequent,” claimed Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” The project’s excellent core location, lease free tenure as well as most importantly, its desirable address will definitely be strongly demanded.”
Strikingly, Dublin Lodge is near Somerset Mass Rapid Transit Station as well as is a 10-minute trip to the CBD.
Sim further mentioned that given that all 8 proprietors have agreed to the deal, there is zero necessity to put up to the STB for a deal order.
The expression of interest movement for Dublin Lodge ceases on 4 January 2022.