Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed project Dublin Lodge has once more gotten marketed by means of expression of interest for a reduced deal rate of $Sixty Five mil.
The Area Nine property development was once put up for sale in February, with the reserve price set at $Sixty Seven point Five million.
Considered for being nearly Thirty Five yrs old, the project is placed at an exclusive dead-end street at Dublin Rd. It at this point possesses 8 strata landed along with floor surface areas of among 2,562 sq ft and Two hundred Forty square meter.
Dublin Lodge takes up a 27thousand 20 sq ft site which is zoned for housing purpose within the ’19 Master Plan. It is also within the two storey blended private spot.
Promotion and marketing rep C & W suggested the plot can be rebuilt into a singular detached house or be subdivided into 10 unique terraces, based on the permission of pertinent bodies.
” This is definitely an engaging possibility to secure a pleasant asset as landed home chances in the edge of Orchard Rd are sparse,” claimed Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” Its elite core area, free lease term and even above all, its sought after address will certainly be extremely sought after.”
Particularly, Dublin Lodge is close to Somerset Mass Rapid Transit Station and even is only a 10-minute ride to the CBD.
Sim added that considering that all of the eight property owners have approved the sale, there is absolutely no need to register to the Strata Titles Board for a sale requisition.
The expression of interest activity for Dublin Lodge terminates on 4Jan2K22.