Dublin Lodge up again for sale, price lowered to $65mil
Freehold landed development Dublin Lodge has once again gotten marketed via EOI with a lower transaction price of $65 mil.
The Area 9 building was formerly marketed in February, with the retain price pegged at $67.55 million.
Assessed for being almost Thirty Five yrs old, the project is positioned on a reserved dead-end street at Dublin Road. It at this point possesses 8 strata landed with floor areas of among Two thousand Five hundred Sixty Two sq ft and 2thousand 5hundred 83 square ft
Dublin Lodge covers a Two thousand Five hundred Ten sq meter site which is sectioned for housing purpose under the 2019 Master Plan. It is similarly inside the 2 level mixed private zone.
Promotion and marketing agent Cushman & Wakefield shared the location could be reconstructed toward a single-detached residential property or even be subdivided into ten unique terraces, subject to the permission of relevant authorities.
” This is really a persuasive opportunity to obtain a lovely investment being landed home benefits in the fringe of Orchard Rd are sparse,” shared Christina Sim, Dir of Capital Mkts at C & W.
” Its main core place, freehold period furthermore most of all, its desirable address will definitely be exceptionally sought after.”
Especially, Dublin Lodge is nearby Somerset MRT Terminal furthermore is a 10-minute trip to the CBD.
Sim included that given that all of the 8 property owners have actually agreed to the sale, there is absolutely no need to put up to the Strata Titles Board for a transaction request.
The EOI exercise for Dublin Lodge terminates on 4 January ’22.