Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed development Dublin Lodge has recently once more been offered by means of expression of interest with a decrease list price of $Sixty Five million.
The District 9 property development was earlier offered in Feb, with the reserve price placed at $Sixty Seven point Five million.
Estimated for being nearly 35 yrs old, the development is situated on a personal cul-de-sac at Dublin Rd. It at present features 8 strata terraces along with floor areas of in between 2hundred 38 square m and 2thousand 5hundred 83 square ft
Dublin Lodge utilizes a 27thousand 20 square foot plot in which is zoned for home usage within the ’19 Master Plan. It is similarly amongst the two-storey blended private location.
Advertising specialist C & W suggested the spot could be rebuilt in to a singular separated residential property or possibly be split right into 10 personal terraces, dependent on the authorization of relevant bodies.
” This is truly an engaging venture to get a wonderful property being landed home business opportunities on the fringe of Orchard Road are scarce,” mentioned Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” The property’s elite core area, freehold period as well as above all, its sought after address will certainly be highly demanded.”
Significantly, Dublin Lodge is alongside Somerset train Station as well as is merely a 10-minute commute to the Central Biz District.
Sim further mentioned that considering that all of the eight property owners have actually agreed to the deal, there is no necessity to apply to the Strata Titles Board for a deal order.
The expression of interest exercise for Dublin Lodge terminates on 4Jan2K22.