Dublin Lodge up again for sale, price lowered to $65mil
Lease free landed property development Dublin Lodge has recently once over been put up for sale via expression of interest over a decreased transaction rate of $65 mil.
The Area Nine project was once offered in February, with the reserve value placed at $67.55 mil.
Assessed for being around 35-years old, the project is positioned on a personal dead end at Dublin Road. It at present possesses 8 strata landed along with floor sizes of in between 2hundred 38 square metre and 2hundred 40 square meter.
Dublin Lodge occupies a 27thousand 20 square ft spot that is sector for non commercial utilization within the 2019 Master Plan. The project is also amongst the two storey mixed landed zone.
Advertising agent C & W pointed out the area may be rebuilt in to a solo separated residence or even be partitioned right into 10 individual terraces, subject to the validation of relevant bodies.
” This is certainly an engaging possibility to acquire a wonderful resource being landed home options at the edge of Orchard Rd are few and far between,” shared Christina Sim, Dir of Capital Markets at C & W.
” Its prime central spot, lease free tenure and above all, its sought after address will certainly be strongly sought after.”
Distinctly, Dublin Lodge is alongside Somerset MRT Station and is merely a 10-minute commute to the CBD.
Sim added that since all of the 8 home owners have supported the deal, there is absolutely no requirement to apply to the STB for a sale order.
The expression of interest activity for Dublin Lodge ceases on 4January2K22.