Dublin Lodge up again for sale, price lowered to $65mil
Free rental landed development Dublin Lodge has once more gotten marketed through EOI with a lower list price of $Sixty Five million.
The Area Nine development was previously marketed in February, with the set aside figure fixed at $Sixty Seven point Five mil.
Approximated for being around 35-years old, the development is positioned on a personal dead end at Dublin Rd. It currently features eight strata terraces along with floor areas of among Two hundred Thirty Eight square metre and 2,583 sq foot.
Dublin Lodge takes up a 27,020 sq foot plot which is sector for home usage within the 2K19 Master Plan. The project is likewise inside of the two-storey blended private zone.
Advertising and marketing operator C & W suggested the site could be redeveloped into a single-detached residence or be subdivided into ten personal terraces, subject to the approval of essential authorities.
” This is truly an engaging option to secure a charming asset given that landed housing business opportunities in the edge of Orchard Rd are rare,” pointed out Christina Sim, Dir of Capital Mkts at C & W.
” The property’s elite central area, freehold period furthermore above all, its desirable address will definitely be incredibly searched for.”
Especially, Dublin Lodge is in close proximity to Somerset MRT Terminal and also is merely a 10-minute commute to the CBD.
Sim said further that since all of the eight home owners have approved the sale, there is absolutely no requirement to register to the Strata Titles Board for a transaction request.
The EOI movement for Dublin Lodge terminates on 4 January 2022.