Dublin Lodge On Sale For $67.55mil
The owners of Dublin Lodge, a 2 floor residence development along Dublin Road, off Killiney Road, have already set the free of lease property up for sale, projecting submissions greater than their $67.55 mil set aside cost, uncovered exclusive advertising agent Knight Frank SGP.
This works out to 2,500 psf accorded to the 27,020 sq foot ground area.
Located in prime Area 9 in a privileged dead end, the property sums up 8 bounded terraces along with floor areas of among 2hundred 38 sq meter and Two hundred Forty sq meter. It sits on a normal shaped position which is sector for “housing, 2 level mixed landed” purpose in the 2019 Master Plan.
The project relishes a Fifty-five metre building front onto Dublin Rd and lies close-by the Orchard Road retail street. The property is as well adjacent Somerset MRT Station including Dhoby Ghaut MRT Interchange.
Knight Frank observed that every of the home owners have indeed accepted to the sale, abolishing the requirement to apply to the Strata Titles Board for the request of sale.
Aside from saving the site’s present usage as strata terraces, the prospective investor can surely rebuild it toward a single mansion house or split the development into approximately eleven terrace land parcels, dependent on the relevant bodies’ approval.
“Dublin Lodge presents spectacular options for house owners also property developers who are truly interested to tap on the flourishing landed industry. This type of reconstruction potentials are really scarce to come by because of the reduced stockpile of landed homes, especially in the heart of Singapore’s shopping area. While located throughout the busy central, the development remains in a serene location, off of the disturbance as well as the traffic,” reported Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank S’pore.
The tender for Dublin Lodge wraps up on 6Apr.