Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed building Dublin Lodge has once more gotten offered using EOI at a lower list price of $65 million.
The Area 9 property development was formerly put up for transaction in February, with the retain pricing pegged at $67.55 million.
Approximated to be nearly 35-years old, the development is placed at a private cul-de-sac at Dublin Rd. It currently features 8 strata landed alongside floor surface areas of between Two thousand Five hundred Sixty Two square feet and Two hundred Forty square meter.
Dublin Lodge occupies a Twenty Seven thousand Twenty sq ft plot that is zoned for residence benefit beneath the 2K19 Master Plan. It is also inside the two-storey mixed landed region.
Promoting and marketing professional Cushman & Wakefield claimed the area may be reconstructed in to a single detached house or be partitioned into 10 private terraces, dependent on the consent of pertinent bodies.
” This is definitely a persuasive possibility to obtain a charming investment since landed home options found at the perimeter of Orchard Rd are infrequent,” revealed Christina Sim, Director of Capital Markets at C & W.
” Its top central spot, lease free tenure and most importantly, its sought after address will be extremely demanded.”
Strikingly, Dublin Lodge is close to Somerset Mass Rapid Transit Terminal also is only a 10 min drive to the CBD.
Sim included that considering that all 8 proprietors have actually agreed to the deal, there is zero need to administer to the STB for a transaction request.
The EOI activity for Dublin Lodge terminates on 4January’22.