Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed property development Dublin Lodge has actually once more gotten marketed by using expression of interest for a lower sale value of $Sixty Five mil.
The Area 9 building was in the past put up for sale in February, with the conserve value set at $67.55 mil.
Considered to be nearly Thirty Five years old, the building is located on a discreet cul-de-sac at Dublin Rd. It right now features 8 strata terraces along with floor sizes of between 238 square metre and Two hundred Forty square metre.
Dublin Lodge occupies a 27,020 sq feet site which is sectioned for household usage beneath the ’19 Master Plan. It is likewise inside of the two-storey varying private area.
Advertising representative C & W expressed the site can be reconstructed in to a single separated house on the other hand be subdivided in to ten private terraces, based on the permission of relevant bodies.
” This is certainly an interesting option to get hold of a lovely investment as landed house options in the edge of Orchard Road are few and far between,” shared Christina Sim, Director of Capital Mkts at Cushman & Wakefield
” The property’s excellent central area, free lease period and even most of all, its coveted address will certainly be exceptionally searched for.”
Notably, Dublin Lodge is in close proximity to Somerset Mass Rapid Transit Station plus is a 10-minute trip to the Ctrl Biz District.
Sim further mentioned that considering that all of the eight owners have consented to the sale, there is zero requirement to register to the Strata Titles Board for a sale requisition.
The expression of interest activity for Dublin Lodge concludes on 4 Jan 2K22.