Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed building Dublin Lodge has actually once again gotten marketed by using expression of interest with a lower transaction price of $65 mil.
The Area Nine building was previously marketed in Feb, with the reserve value fixed at $67.55 mil.
Estimated to be roughly 35 years old, the building is set on a discreet dead end at Dublin Road. It at this point possesses 8 strata landed along with floor areas of between 2hundred 38 sq m and 2,583 sq ft
Dublin Lodge takes up a 27,020 sq foot spot that is sector for housing utilization within the ’19 Master Plan. The property development is likewise inside the two-storey mixed landed neighborhood.
Advertising professional C & W stated the location could be reconstructed right into a single-detached residence or possibly be split in to ten personal terraces, subject to the authorization of related authorities.
” This is an interesting venture to attain an enchanting possession as landed real estate options over at the perimeter of Orchard Rd are infrequent,” mentioned Christina Sim, Dir of Capital Mkts at Cushman & Wakefield
” The project’s excellent core place, freehold tenure and above all, its sought after address is going to be extremely sought after.”
Particularly, Dublin Lodge is close to Somerset MRT Station and is only a 10 min commute to the CBD.
Sim said further that because every of the 8 homeowners have actually agreed to the sale, there is no need to register to the Strata Titles Board for a sale requisition.
The EOI activity for Dublin Lodge terminates on 4January2022.