Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a 2 level housing development on Dublin Road, off Killiney Road, have actually placed the free of lease project up for sale, anticipating bids over their $67.55 million reserve price, communicated distinctive marketing and advertising broker Knight Frank SGP.
This figures out to 2.5K psf formed on the 2,510.2 square meter acreage.
Found in peak District Nine in an unique blind alley, the development sums up 8 strata terraces with ground measurements of among 238 square meter and 2hundred 40 sq m. It positions on an ordinary shaped layout that is sector to “non commercial, 2 floor merged landed” utilization under the 2K19 Master Plan.
The property takes pleasure in a 55 m frontal onto Dublin Rd and lies beside the Orchard Road retail belt. The project is in addition neighboring Somerset MRT Terminal and also Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank recorded that every of the owners have actually granted the sale, taking away the obligation to register to the Strata Titles Board for the request of sale.
In addition to preserving the ground’s existing use as strata terraces, the prospective buyer can surely rebuild it in to an individual mansion house or split the property into almost 11 terrace land parcels, dependent on the related authorities’ authorization.
“Dublin Lodge places extraordinary chances for property owners and even builders who are really keen to tap on the booming landed industry. Such redevelopment chances are generally seldom to find by as a result of the small supply of landed homes, specifically in the heart of Singapore’s shopping area. Even though positioned among the busy downtown centre, the project remains in a laid-back area, away from the commotion and the traffic,” mentioned Ian Loh, Head of Capital Markets (L&B, Collective & Strata Sales) at Knight Frank Singapore.
The bid for Dublin Lodge ends on 6 April.