Dublin Lodge On Sale For $67.55mil
The homeowners of Dublin Lodge, a two floor home development on Dublin Road, ahead Killiney Road, have added the free ownership property available for sale, expecting proposals greater than their $67.55 mil set aside amount, disclosed privileged advertising and marketing broker Knight Frank SGP.
This figures out to 2,500 psf founded on the 27.02K sq ft plot area.
Located in prime Area Nine in an exceptional blind alley, the property encompasses eight strata terraces alongside floor areas of around 2hundred 38 square m and Two hundred Forty sq meter. It lies on a standard carved plot that is zoned for “home, two floor blended landed” use within the 2K19 Master Plan.
The development experiences a Fifty-five m building front onto Dublin Rd and also lies neighboring the Orchard Rd shopping street. The project is additionally close-by Somerset Mass Rapid Transit Station alongside Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank mentioned that all proprietors have actually granted the transaction, doing away with the demand to apply to the STB for the order of sale.
Other than keeping the position’s present usage as strata terraces, the prospective client can absolutely redevelop it in to a solo mansion or redivide the property into as many as 11 terrace plot parcels, conditional the applicable authorities’ permission.
“Dublin Lodge poses incredible ventures for developers as well as property owners who are truly spirited to make use of the thriving landed sector. This type of reconstruction opportunities are generally infrequent to find by because of the small amount of landed properties, especially in the core of Singapore’s retail vicinity. Even though situated among the dynamic city centre, the project continues to be within a laid-back area, away from the commotion as well as the traffic,” claimed Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank S’pore.
The offer for Dublin Lodge closes on 6 Apr.
