Dublin Lodge On Sale For $67.55mil
The owners of Dublin Lodge, a two floor household development along Dublin Road, up front Killiney Road, have brought the free ownership property obtainable, counting on offers greater than their $67.55 million retain cost, made known specialized promoting and marketing real estate agent Knight Frank Singapore.
This figures out to 2.5K per square ft built upon the 2,510.2 sq meter acreage.
Found in peak District Nine in an exclusive dead end, the development comprises eight strata terraces with floor sizes of among 2hundred 38 sq m and 2hundred 40 square meter. It sits on a standard designed position which is zoned to “domestic, two storey mixed landed” application within the 2019 Master Plan.
The project delights in a Fifty-five metre building front onto Dublin Road and even is centrally located beside the Orchard Rd shopping street. The development is also adjacent Somerset Mass Rapid Transit Terminal including Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank noticed that all property owners have said yes to the transaction, reducing the requirement to involve the STB for the order of sale.
In addition to keeping the layout’s existing usage as strata terraces, the potential purchaser can rebuild it in to an individual mansion house or subdivide it into almost 11 terrace ground parcels, conditional the pertinent authorities’ permission.
“Dublin Lodge leads to amazing options for house owners as well as construtors who are anxious to make use of the buzzing landed sector. Such redevelopment options are really unusual to come by as a result of the reduced source of landed households, specifically in the core of S’pore’s retail district. Though positioned in the dynamic city centre, the development stays around a calm location, away from the traffic and the disturbance,” reported Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank SGP.
The tender for Dublin Lodge closes on 6Apr.