Dublin Lodge up again for sale, price lowered to $65mil
Freehold landed project Dublin Lodge has recently once over been marketed via expression of interest with a decrease sale rate of $65 million.
The District 9 building was previously marketed in Feb, with the conserve rate pegged at $67.55 million.
Considered to be around 35 yrs old, the project is placed on an exclusive cul-de-sac at Dublin Road. It currently possesses 8 strata landed alongside floor surface areas of in between 2thousand 5hundred 62 sq ft and 2hundred 40 sq metre.
Dublin Lodge occupies a 27thousand 20 square foot spot in which is zoned for household benefit beneath the ’19 Master Plan. The development is likewise inside the two-storey blended landed zone.
Promoting and marketing professional Cushman & Wakefield mentioned the plot could be redeveloped toward a single-detached house on the other hand be separated in to 10 unique terraces, subject to the authorization of related authorities.
” This is an engaging chance to attain an enchanting property given that landed home possibilities on the fringe of Orchard Rd are sparse,” revealed Christina Sim, Dir of Capital Markets at C & W.
” The project’s prime central area, free lease tenure furthermore most importantly, its desired address will be strongly demanded.”
More Importantly, Dublin Lodge is in close proximity to Somerset train Terminal as well as is a 10-minute ride to the Central Business District.
Sim added that given that all of the 8 proprietors have indeed supported the transaction, there is zero requirement to apply to the STB for a transaction request.
The expression of interest activity for Dublin Lodge ceases on 4January2022.