Dublin Lodge up again for sale, price lowered to $65mil

Free rental landed development Dublin Lodge has once over been marketed by means of expression of interest for a more affordable list price of $Sixty Five million.

The Area 9 building was formerly offered in Feb, with the conserve value placed at $67.55 million.

Approximated for being nearly 35 yrs old, the building is positioned on a private dead end at Dublin Rd. It presently has 8 strata terraces alongside floor areas of in between 2,562 square feet and 2thousand 5hundred 83 square feet.

Dublin Lodge inhabits a Twenty Seven thousand Twenty square foot location that is sectioned for residential usage beneath the 2019 Master Plan. The development is likewise inside of the two-storey blended private area.

The M condominium

Advertising and marketing agent Cushman & Wakefield pointed out the location could be redeveloped right into a singular separated residential property or even be partitioned in to ten unique terraces, based on the consent of appropriate authorities.

” This is a convincing option to get hold of a lovely possession given that landed house possibilities in the fringe of Orchard Rd are few and far between,” suggested Christina Sim, Director of Capital Markets at Cushman & Wakefield

” The property’s main central spot, free lease term furthermore most importantly, its sought after address will certainly be incredibly sought after.”

More Importantly, Dublin Lodge is nearby Somerset train Terminal plus is only a ten minute ride to the Ctrl Biz District.

Sim added that given that every of the eight property owners have actually consented to the deal, there is no necessity to apply to the STB for a deal order.

The EOI movement for Dublin Lodge ceases on 4January2K22.

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