Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed project Dublin Lodge has actually once more been put up for sale over EOI at a decreased deal rate of $Sixty Five million.
The District 9 building was formerly pushed out in February, with the conserve price pegged at $67.55 mil.
Considered to be almost 35 years old, the building is set at a private cul-de-sac at Dublin Road. It right now possesses eight strata landed along with floor areas of between 2,562 sq feet and 2,583 sq feet.
Dublin Lodge inhabits a Two thousand Five hundred Ten square meter plot which is sectioned for home purpose under the ’19 Master Plan. It is also within the two level varying private neighborhood.
Marketing and advertising rep Cushman & Wakefield said the location can be rebuilt into a single detached housing or be partitioned in to ten unique terraces, dependent on the approval of essential bodies.
” This is really an engaging opportunity to get a wonderful investment as landed house opportunities over at the fringe of Orchard Rd are infrequent,” mentioned Christina Sim, Dir of Capital Markets at C & W.
” Its prime core place, lease free term furthermore most importantly, its desirable address will be extremely searched for.”
Especially, Dublin Lodge is alongside Somerset train Terminal as well as is only a 10 min travel to the Ctrl Business District.
Sim said further that since every of the eight owners have actually supported the deal, there is zero need to administer to the STB for a sale request.
The expression of interest activity for Dublin Lodge concludes on 4Jan2022.