Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed project Dublin Lodge has once more gotten put up for deal using EOI over a decrease list price of $65 mil.
The Area Nine project was earlier offered in February, with the conserve price placed at $Sixty Seven point Five million.
Approximated for being roughly 35-years old, the building is placed on a personal dead-end street at Dublin Road. It presently features 8 strata terraces alongside floor areas of between 2,562 square ft and 2hundred 40 square m.
Dublin Lodge inhabits a 2,510.2 sq m plot in which is sectioned for housing usage under the ’19 Master Plan. The project is likewise within the 2 floor blended private neighborhood.
Promoting and marketing specialist C & W expressed the spot may be redeveloped into a solo separated residential property or possibly be subdivided right into ten individual terraces, dependent on the permission of pertinent bodies.
” This is truly an engaging opportunity to obtain a charming resource as landed property benefits over at the edge of Orchard Road are sparse,” stated Christina Sim, Dir of Capital Mkts at Cushman & Wakefield
” Its prime central location, freehold tenure and even above all, its sought after address will certainly be extremely searched for.”
Especially, Dublin Lodge is in close proximity to Somerset train Station also is only a 10 min drive to the CBD.
Sim said further that given that all 8 proprietors have indeed supported the sale, there is absolutely no need to register to the STB for a sale request.
The EOI movement for Dublin Lodge ceases on 4January2022.