Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed building Dublin Lodge has recently once again been offered over expression of interest for a decrease list price of $Sixty Five million.
The District 9 development was in the past pushed out in Feb, with the retain value set at $67.55 mil.
Estimated to be about 35-years old, the project is positioned on a private dead-end street at Dublin Road. It presently provides 8 strata terraces along with floor surface areas of in between Two hundred Thirty Eight sq m and 240 square m.
Dublin Lodge utilizes a Twenty Seven thousand Twenty sq foot spot which is sectioned for household benefit under the 2019 Master Plan. It is also inside the two storey varying private vicinity.
Marketing representative C & W revealed the area may be rebuilt into a single-detached residential property or possibly be split in to 10 personal terraces, based on the consent of relevant authorities.
” This is an engaging opportunity to get a captivating asset being landed home possibilities over at the perimeter of Orchard Rd are infrequent,” stated Christina Sim, Director of Capital Markets at C & W.
” Its main central location, free lease tenure as well as most of all, its sought after address will definitely be incredibly searched for.”
Distinctly, Dublin Lodge is nearby Somerset train Terminal and also is merely a 10-minute ride to the Ctrl Business District.
Sim said further that since all of the 8 homeowners have approved the deal, there is zero necessity to register to the STB for a sale requisition.
The expression of interest movement for Dublin Lodge ceases on 4Jan2022.