Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed project Dublin Lodge has recently once again been put up for sale over expression of interest with a reduced deal rate of $65 million.
The District Nine property development was previously marketed in February, with the conserve rate placed at $67.55 million.
Assessed for being about 35 yrs old, the development is set on an exclusive cul-de-sac at Dublin Road. It at the moment provides eight strata landed alongside floor areas of among Two hundred Thirty Eight sq metre and 2thousand 5hundred 83 sq foot.
Dublin Lodge takes up a 27,020 square feet site in which is sector for residential purpose under the 2K19 Master Plan. The property development is at the same time among the 2 storey varying private location.
Advertising and marketing professional Cushman & Wakefield pointed out the spot could be rebuilt toward a single-detached residential property or even be split into ten personal terraces, dependent on the validation of related bodies.
” This is definitely a convincing benefit to obtain a captivating asset as landed property opportunities found at the perimeter of Orchard Rd are rare,” shared Christina Sim, Dir of Capital Mkts at Cushman & Wakefield
” The property’s excellent central area, free lease term and most of all, its desired address will be extremely searched for.”
Strikingly, Dublin Lodge is close to Somerset train Terminal and even is only a 10-minute ride to the Central Business District.
Sim added that given that all of the 8 homeowners have agreed to the deal, there is zero need to administer to the STB for a deal requisition.
The EOI movement for Dublin Lodge ceases on 4January2022.