Dublin Lodge On Sale For $67.55mil
The owners of Dublin Lodge, a two storey non commercial property along Dublin Rd, over Killiney Road, have already brought the freehold development available for sale, expecting deals above their $67.55 mil reserve amount, disclosed professional advertising and marketing representative Knight Frank SGP.
This turns out to 2,500 psf built upon the 2,510.2 sq m acreage.
Located in excellent Area Nine in a distinctive blind alley, the development encompasses 8 strata terraces with ground sizes of among 2hundred 38 sq meter and 240 sq meter. It settles at a normal formed plot which is sector to “residential, two level varying landed” application in the 2019 Master Plan.
The property takes pleasure in a Fifty-five m frontal onto Dublin Rd furthermore lies close to the Orchard Rd shopping street. It is equally close to Somerset Mass Rapid Transit Terminal along with Dhoby Ghaut MRT Interchange.
Knight Frank noted that all property owners have actually granted the deal, taking away the necessity to apply to the STB for the order of sale.
Apart from preserving the layout’s current use as strata terraces, the potential investor can redevelop it in to a singular manor or redivide the project in to as many as eleven terrace ground parcels, subject to the related authorities’ endorsement.
“Dublin Lodge sets incredible potentials for homeowners and even makers that are spirited to tap on the flourishing landed market. Such reconstruction possibilities are really seldom to find by as a result of the small inventory of landed households, specifically in the hub of SGP’s retail district. Even though nestled in the busy central, the development remains around a laid-back location, off of the commotion as well as the traffic,” said Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank SGP.
The offer for Dublin Lodge discontinues on 6Apr.