Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed development Dublin Lodge has actually once more been marketed by means of EOI with a more affordable deal price of $Sixty Five million.
The District 9 project was formerly pushed out in February, with the conserve figure fixed at $Sixty Seven point Five mil.
Estimated for being almost 35-years old, the project is situated at a personal dead-end street at Dublin Road. It presently features 8 strata terraces with floor sizes of between Two thousand Five hundred Sixty Two square feet and 240 sq metre.
Dublin Lodge inhabits a 2,510.2 sq meter site that is sectioned for residential purpose beneath the 2019 Master Plan. The building is also within the two-storey varying landed area.
Promoting and marketing specialist C & W expressed the spot could be rebuilt into a single-detached residential property or possibly be partitioned in to 10 individual terraces, based on the authorization of related authorities.
” This is really an interesting option to get a charming asset being landed property chances at the fringe of Orchard Rd are infrequent,” stated Christina Sim, Director of Capital Mkts at C & W.
” The property’s prime central location, free lease period and most importantly, its sought after address will definitely be highly searched for.”
Distinctly, Dublin Lodge is close-by Somerset MRT Station as well as is merely a 10-minute commute to the CBD.
Sim included that considering that all of the eight property owners have approved the sale, there is zero necessity to administer to the STB for a sale requisition.
The EOI exercise for Dublin Lodge concludes on 4Jan2K22.
