Dublin Lodge On Sale For $67.55mil
The homeowners of Dublin Lodge, a two floor non commercial development along Dublin Rd, up front Killiney Road, have actually placed the free ownership property available, forecasting bids exceeding their $67.55 mil reserve amount, exposed unique marketing and advertising real estate agent Knight Frank S’pore.
This figures out to 2.5K per sq ft accorded to the 2,510.2 sq meter acreage.
Located in top Area Nine in an exclusive dead end, the project consists of eight bounded terraces with floor sizes of within 238 sq m and 2hundred 40 square m. The property settles on a regular carved ground which is zoned for “residential, two storey merged landed” use within the 2K19 Master Plan.
The property indulges in a Fifty-five metre frontal onto Dublin Road plus is located beside the Orchard Road retail belt. The property is similarly beside Somerset Mass Rapid Transit Terminal alongside Dhoby Ghaut MRT Interchange.
Knight Frank noticed that every of the property owners have consented to the sale, clearing away the necessity to apply to the STB for the request of sale.
Besides retaining the plot’s ongoing use as strata terraces, the future investor can redevelop it into a singular estate or subdivide it into as much as 11 terrace plot parcels, dependent on the associated bodies’ permission.
“Dublin Lodge places amazing opportunities for house owners also property developers who are truly keen to tap on the flourishing landed sector. This type of rebuilding benefits are really unusual to find by because of the minimal amount of landed houses, in particular in the heart of SGP’s shopping area. Even though positioned in the dynamic city centre, the development continues to be inside a serene location, out of the noise and also the traffic,” said Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank SGP.
The offer for Dublin Lodge ends on 6April.