Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a 2 floor residential property on Dublin Rd, away from Killiney Rd, have recently applied the free of lease development accessible, predicting deals exceeding their $67.55 million reserve price, shared special marketing and advertising rep Knight Frank S’pore.
This formulates to 2,500 per sq foot based on the 27,020 sq ft acreage.
Found in peak District Nine in a special dead end, the project consists of 8 bounded terraces by having floor sizes of between Two hundred Thirty-eight sq meter and 240 square m. The property positions on an usual carved plot which is zoned to “housing, 2 floor varying landed” use within the 2019 Master Plan.
The property delights in a 55 metre frontal onto Dublin Road furthermore is discovered close-by the Orchard Rd shopping belt. The property is also in close proximity to Somerset Mass Rapid Transit Terminal along with Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank recorded that all of the property owners have actually said yes to the sale, taking away the necessity to apply to the Strata Titles Board for the request of sale.
Aside from saving the ground’s current purpose as strata terraces, the prospective prospect is able to reconstruct it toward a singular mansion or subdivide the property into approximately eleven terrace land parcels, subject to the associated authorities’ consent.
“Dublin Lodge presents incredible possibilities for property owners and even property developers who are really interested to make use of the blooming landed market. This type of redevelopment possibilities are rare to find by caused by the constrained supply of landed households, especially in the center of SGP’s shopping vicinity. Though positioned within the busy central, the development continues to be within a calm area, out of the traffic as well as the sound,” stated Ian Loh, Head of Capital Markets (L&B, C&S Sales) at Knight Frank Singapore.
The bid for Dublin Lodge wraps up on 6 April.