Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed building Dublin Lodge has once more gotten pushed out over EOI for a lower list price of $65 mil.
The Area Nine development was in the past pushed out in Feb, with the retain rate set at $67.55 mil.
Approximated to be roughly 35-years old, the development is positioned at a private dead-end street at Dublin Rd. It currently provides 8 strata landed alongside floor sizes of in between 2thousand 5hundred 62 sq foot and 2,583 square foot.
Dublin Lodge occupies a 2thousand 5hundred 10 square meter location in which is sectioned for residence utilization under the 2K19 Master Plan. It is also among the 2 level mixed landed spot.
Marketing rep Cushman & Wakefield expressed the location could be reconstructed in to a single-detached residential property or possibly be subdivided right into ten private terraces, subject to the authorization of essential authorities.
” This is truly an interesting opportunity to acquire an enchanting possession since landed housing chances in the edge of Orchard Road are rare,” said Christina Sim, Dir of Capital Mkts at C & W.
” Its prime core spot, lease free period and even most importantly, its coveted address is going to be strongly demanded.”
Particularly, Dublin Lodge is alongside Somerset train Station also is only a 10-minute travel to the CBD.
Sim said further that since every of the eight property owners have actually accepted the sale, there is absolutely no necessity to administer to the STB for a sale request.
The expression of interest action for Dublin Lodge ceases on 4January’22.