Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed property development Dublin Lodge has actually once more gotten offered using EOI at a decrease transaction price of $65 million.
The District 9 property development was formerly pushed out in Feb, with the set aside pricing placed at $67.55 mil.
Approximated for being around 35-years old, the development is positioned at a personal dead-end street at Dublin Rd. It right now features eight strata landed alongside floor surface areas of in between 2,562 square foot and 2,583 sq foot.
Dublin Lodge covers a 27thousand 20 sq feet spot that is zoned for housing purpose under the ’19 Master Plan. The project is at the same time inside of the 2 storey blended private neighborhood.
Marketing and advertising specialist C & W shared the site can be rebuilt in to a single-detached housing on the other hand be split in to 10 unique terraces, based on the consent of appropriate bodies.
” This is definitely an interesting possibility to get a charming resource as landed housing business opportunities on the edge of Orchard Road are infrequent,” shared Christina Sim, Director of Capital Mkts at C & W.
” Its excellent core position, lease free period as well as most importantly, its desired address will definitely be extremely demanded.”
Particularly, Dublin Lodge is alongside Somerset Mass Rapid Transit Terminal furthermore is merely a 10-minute trip to the CBD.
Sim added that considering that every of the eight owners have indeed consented to the deal, there is no requirement to register to the STB for a transaction order.
The expression of interest exercise for Dublin Lodge terminates on 4January2K22.