Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed building Dublin Lodge has recently once more been marketed through EOI with a lower list price of $65 mil.
The District 9 development was previously put up for deal in Feb, with the reserve value placed at $67.55 mil.
Estimated to be roughly 35 years old, the building is placed at a personal dead end at Dublin Rd. It at present provides eight strata terraces with floor areas of in between 238 square metre and 2thousand 5hundred 83 sq ft
Dublin Lodge inhabits a Two thousand Five hundred Ten sq m site which is zoned for residence use beneath the ’19 Master Plan. It is at the same time inside of the 2 level varying private neighborhood.
Promoting and marketing operator Cushman & Wakefield suggested the area could be reconstructed toward a single detached home or even be separated into 10 unique terraces, dependent on the permission of essential bodies.
” This is definitely an interesting opportunity to acquire a captivating resource being landed property chances in the edge of Orchard Road are infrequent,” shared Christina Sim, Dir of Capital Markets at Cushman & Wakefield
” The property’s top core location, free lease tenure as well as most importantly, its desired address will certainly be exceptionally demanded.”
Distinctly, Dublin Lodge is close-by Somerset MRT Terminal and is a 10-minute commute to the CBD.
Sim included that considering that all eight owners have supported the transaction, there is absolutely no necessity to put up to the STB for a transaction request.
The EOI activity for Dublin Lodge closes on 4 Jan ’22.
