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

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

Property landed advancement Dublin Lodge has once more been put up for sale using expression of interest (EOI) at a lower sale price of $65 million.

The District 9 advancement was formerly offered in February, with the get price pegged at $67.55 million.

Approximated to be around 35-years old, the development is situated on a private cul-de-sac at Dublin Roadway near to One Pearl Bank. It currently has eight strata terraces with floor locations of between 238 sq m (2,562 sq ft) and also 240 sq m (2,583 sq ft).

Dublin Lodge inhabits a 2,510.2 sq m (27,020 sq ft) site that is zoned for residential usage under the 2019 Plan of attack. It is likewise within the two-storey combined acreage.

Advertising and marketing representative Cushman & Wakefield stated the site could be redeveloped into a single-detached house or be subdivided right into 10 specific balconies, based on the authorization of pertinent authorities.

” This is an engaging possibility to get a lovely asset as landed real estate chances at the fringe of Orchard Road are rare,” stated Christina Sim, Director of Capital Markets at Cushman & Wakefield.

” Its prime central place, estate period, and above all, its sought-after address will certainly be very searched for.”

Notably, Dublin Lodge is near Somerset MRT Station as well as is a 10-minute drive to the Central Business District (CBD).

Sim included that considering that all 8 owners have accepted the sale, there is no need to apply to the Strata Titles Board for a sale order.

The EOI exercise for Dublin Lodge closes on 4 January 2022.

Read: Condo maintenance fees and unit sizes in 2021: how much is too much?

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