Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed property development Dublin Lodge has recently once over gotten offered using expression of interest at a decreased list price of $65 mil.
The Area 9 project was previously offered in February, with the set aside figure pegged at $Sixty Seven point Five million.
Estimated to be around Thirty Five yrs old, the project is set on a personal dead-end street at Dublin Road. It currently features eight strata landed along with floor areas of among 238 square metre and 240 sq m.
Dublin Lodge covers a Two thousand Five hundred Ten square meter plot in which is sector for housing benefit under the 2K19 Master Plan. The building is at the same time within the two-storey varying landed neighborhood.
Promotion and marketing rep Cushman & Wakefield revealed the area may be reconstructed toward a solo separated residential property on the other hand be subdivided in to 10 unique terraces, dependent on the authorization of appropriate authorities.
” This is definitely a persuasive option to obtain a lovely investment given that landed home business opportunities over at the fringe of Orchard Road are sparse,” announced Christina Sim, Director of Capital Markets at Cushman & Wakefield
” Its main central position, freehold term as well as most importantly, its coveted address will certainly be exceptionally sought after.”
Strikingly, Dublin Lodge is close to Somerset train Station as well as is a 10 min ride to the Ctrl Business District.
Sim added that considering that all eight proprietors have approved the transaction, there is no necessity to administer to the STB for a transaction order.
The expression of interest movement for Dublin Lodge concludes on 4Jan’22.