Freehold landed project Dublin Lodge has recently once more gotten offered over EOI at a decrease list price of $Sixty Five mil.
The Area 9 development was formerly put up for transaction in February, with the reserve price pegged at $Sixty Seven point Five million.
Approximated for being about 35-years old, the property development is placed at an exclusive cul-de-sac at Dublin Road. It right now possesses 8 strata terraces with floor surface areas of among 2thousand 5hundred 62 sq feet and 2thousand 5hundred 83 square feet.
Dublin Lodge occupies a Twenty Seven thousand Twenty sq feet spot which is sector for housing utilization beneath the 2K19 Master Plan. It is similarly inside the 2 storey varying private zone.
Advertising and marketing specialist C & W suggested the plot may be reconstructed toward a single-detached home or be partitioned into 10 private terraces, dependent on the approval of related authorities.
” This is certainly a convincing business opportunity to obtain a pleasant property given that landed housing business opportunities at the fringe of Orchard Rd are infrequent,” stated Christina Sim, Director of Capital Mkts at C & W.
” Its prime central site, lease free term and most importantly, its desired address will definitely be extremely sought after.”
Especially, Dublin Lodge is close-by Somerset train Terminal and is only a 10 minute commute to the CBD.
Sim added that because all 8 homeowners have actually supported the deal, there is no requirement to register to the STB for a deal requisition.
The expression of interest exercise for Dublin Lodge ends on 4Jan’22.