Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed property development Dublin Lodge has recently once again gotten pushed out using expression of interest at a reduced list price of $65 mil.
The District Nine building was in the past pushed out in February, with the reserve pricing pegged at $Sixty Seven point Five mil.
Considered to be almost 35 yrs old, the development is set on a private dead end at Dublin Road. It at this point has eight strata landed with floor surface areas of among 238 sq meter and Two thousand Five hundred Eighty Three square ft
Dublin Lodge occupies a 2,510.2 square meter site in which is sector for residential use under the 2019 Master Plan. The project is at the same time within the 2 storey mixed landed zone.
Promotion and marketing rep Cushman & Wakefield claimed the area can be rebuilt in to a single-detached residential property or even be partitioned in to 10 unique terraces, dependent on the approval of pertinent bodies.
” This is definitely a convincing opportunity to get a wonderful property as landed home opportunities on the fringe of Orchard Road are scarce,” mentioned Christina Sim, Dir of Capital Mkts at Cushman & Wakefield
” The property’s excellent central area, freehold period as well as most of all, its sought after address will definitely be highly demanded.”
Distinctly, Dublin Lodge is nearby Somerset train Terminal and even is only a 10 min drive to the CBD.
Sim said further that because all 8 proprietors have already consented to the deal, there is absolutely no necessity to administer to the Strata Titles Board for a transaction order.
The expression of interest movement for Dublin Lodge terminates on 4January2K22.