Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed development Dublin Lodge has once over gotten pushed out through expression of interest at a more affordable deal rate of $Sixty Five mil.
The Area 9 building was formerly offered in Feb, with the conserve value fixed at $67.55 million.
Assessed for being around 35 years old, the project is placed at a discreet dead-end street at Dublin Road. It at the moment provides 8 strata terraces along with floor sizes of between Two hundred Thirty Eight square m and 240 square m.
Dublin Lodge occupies a 2,510.2 sq metre location in which is zoned for home usage beneath the ’19 Master Plan. It is likewise amongst the two-storey mixed landed zone.
Promoting and marketing representative Cushman & Wakefield suggested the location can be reconstructed toward a singular detached home or even be redivided into ten individual terraces, subject to the validation of related authorities.
” This is really a persuasive venture to secure a wonderful property as landed house business opportunities found at the perimeter of Orchard Road are infrequent,” suggested Christina Sim, Director of Capital Mkts at C & W.
” The project’s prime core position, lease free period and also most of all, its coveted address will be exceptionally demanded.”
Particularly, Dublin Lodge is in close proximity to Somerset train Station and is merely a 10 minute ride to the CBD.
Sim added that because all 8 property owners have already approved the transaction, there is zero need to register to the Strata Titles Board for a sale requisition.
The EOI action for Dublin Lodge ceases on 4January2K22.