Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a 2 level non commercial project on Dublin Rd, over Killiney Rd, have recently brought the free ownership development procurable, anticipating tenders over their $67.55 million reserve price, made known exclusive promoting and marketing real estate agent Knight Frank S’pore.
This figures out to 2.5K per sq ft accorded to the 27.02K square foot acreage.
Positioned in key Area 9 in an unique dead-end street, the development sums up eight bounded terraces including ground sizes of around 238 sq m and 240 sq m. It lies on a standard molded position that is sector to “home, two level blended landed” use in the 2019 Master Plan.
The property takes pleasure in a Fifty-five m frontispiece onto Dublin Rd plus lies nearby the Orchard Road shopping belt. It is similarly neighboring Somerset Mass Rapid Transit Station and Dhoby Ghaut MRT Interchange.
Knight Frank noted that every of the homeowners have actually consented to the deal, taking away the necessity to appeal to the STB for the request of sale.
Besides saving the position’s existing use as strata terraces, the interested buyer can easily rebuild it into an individual manor or subdivide the project in to right up to 11 terrace ground parcels, dependent on the applicable authorities’ validation.
“Dublin Lodge presents spectacular possibilities for home owners as well as property developers that are truly earnest to connect to the blooming landed market. This sort of redevelopment benefits are scarce to come by due to the reduced stockpile of landed households, specifically in the heart of SGP’s shopping district. While positioned throughout the bustling city centre, the property stays in a serene location, outside the traffic and also the noise,” explained Ian Loh, Head of Capital Markets (L&B, Collective & Strata Sales) at Knight Frank Singapore.
The tender for Dublin Lodge closes on 6Apr.