Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed project Dublin Lodge has actually once over been pushed out through expression of interest with a reduced sale value of $65 million.
The Area Nine project was formerly marketed in Feb, with the set aside pricing set at $Sixty Seven point Five mil.
Considered for being about 35-years old, the building is set on a private dead-end street at Dublin Road. It at present has 8 strata landed with floor sizes of between 2hundred 38 square metre and Two hundred Forty square m.
Dublin Lodge occupies a Two thousand Five hundred Ten sq m spot in which is zoned for home purpose within the 2019 Master Plan. It is likewise inside of the two-storey varying landed zone.
Promotion and marketing specialist Cushman & Wakefield mentioned the plot may be reconstructed into a solo detached residential property or be redivided into ten private terraces, subject to the approval of related authorities.
” This is really an engaging possibility to secure a wonderful resource as landed housing opportunities over at the fringe of Orchard Road are scarce,” claimed Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” The property’s top central position, free lease term as well as most of all, its desired address will be highly demanded.”
Significantly, Dublin Lodge is in close proximity to Somerset MRT Terminal and also is only a 10-minute commute to the Ctrl Biz District.
Sim added that considering that every of the 8 owners have actually accepted the sale, there is no necessity to administer to the Strata Titles Board for a deal request.
The expression of interest movement for Dublin Lodge terminates on 4January’22.