Dublin Lodge up again for sale, price lowered to $65mil
Free lease landed building Dublin Lodge has recently once more gotten marketed over expression of interest at a decrease transaction price of $65 million.
The District Nine development was earlier put up for sale in Feb, with the conserve pricing set at $Sixty Seven point Five mil.
Approximated to be about 35 years old, the building is set on a private dead-end street at Dublin Rd. It right now possesses 8 strata terraces with floor sizes of among Two thousand Five hundred Sixty Two sq ft and Two thousand Five hundred Eighty Three sq ft
Dublin Lodge utilizes a 27thousand 20 square foot area which is sector for home usage within the 2K19 Master Plan. The project is also inside of the two-storey varying private zone.
Advertising specialist Cushman & Wakefield shared the site may be redeveloped toward a solo separated residential property or be subdivided into 10 personal terraces, subject to the consent of related authorities.
” This is an engaging possibility to get a captivating asset as landed housing benefits over at the edge of Orchard Rd are rare,” said Christina Sim, Dir of Capital Mkts at C & W.
” Its elite core position, freehold tenure furthermore above all, its coveted address will be extremely sought after.”
Notably, Dublin Lodge is in close proximity to Somerset train Terminal and even is merely a 10-minute drive to the CBD.
Sim included that given that every of the 8 owners have already supported the deal, there is no necessity to apply to the STB for a sale order.
The EOI movement for Dublin Lodge closes on 4 Jan 2022.