Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed development Dublin Lodge has once more been pushed out via expression of interest over a decreased list price of $65 mil.
The District Nine development was formerly marketed in February, with the set aside rate pegged at $Sixty Seven point Five million.
Assessed for being roughly 35-years old, the building is positioned at a personal dead-end street at Dublin Rd. It presently provides 8 strata terraces alongside floor surface areas of among 238 sq m and Two thousand Five hundred Eighty Three square feet.
Dublin Lodge covers a 2,510.2 sq m site that is sectioned for residential use within the 2019 Master Plan. It is at the same time inside of the two-storey varying landed zone.
Marketing and advertising specialist C & W mentioned the location can be rebuilt right into a single-detached house on the other hand be split right into ten individual terraces, dependent on the validation of related bodies.
” This is truly a compelling business opportunity to obtain a captivating resource since landed housing possibilities found at the edge of Orchard Road are few and far between,” stated Christina Sim, Dir of Capital Mkts at C & W.
” The project’s excellent central location, freehold term furthermore above all, its desired address will definitely be extremely demanded.”
Particularly, Dublin Lodge is alongside Somerset train Terminal also is merely a ten min trip to the CBD.
Sim said further that because every of the 8 owners have actually accepted the transaction, there is no necessity to administer to the STB for a transaction requisition.
The expression of interest action for Dublin Lodge closes on 4January’22.