Dublin Lodge On Sale For $67.55mil
The homeowners of Dublin Lodge, a 2 level housing development on Dublin Rd, away from Killiney Road, have already put the free of lease property accessible, expecting tenders over their $67.55 mil preserve value, confessed premium advertising representative Knight Frank SGP.
This formulates to 2.5K per square foot founded on the 27,020 sq foot land area.
Situated in key Area Nine in an exceptional blind alley, the development constitutes 8 bounded terraces with ground measurements of among 238 sq m and 2hundred 40 sq meter. It positions at a standard designed layout that is zoned to “household, 2 level blended landed” utilization under the 2019 Master Plan.
The project appreciates a 55 m frontage onto Dublin Rd and also is discovered adjacent the Orchard Rd retail belt. It is at the same time nearby Somerset MRT Station along with Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank recorded that all home owners have indeed said yes to the sale, eliminating the obligation to involve the STB for the request of sale.
Aside from maintaining the position’s present purpose as strata terraces, the future purchaser can easily reconstruct it in to a singular mansion or redivide it into right up to 11 terrace ground parcels, subject to the associated authorities’ endorsement.
“Dublin Lodge sets astounding possibilities for construtors and even home owners that are really keen to make use of the successful landed industry. Such reconstruction opportunities are generally infrequent to come by because of the reduced amount of landed properties, particularly in the heart of SGP’s retail area. Though nestled among the bustling central, the development remains inside a laid-back area, away from the traffic as well as the disturbance,” claimed Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank Singapore.
The tender for Dublin Lodge ceases on 6 Apr.