Dublin Lodge On Sale For $67.55mil
The property owners of Dublin Lodge, a 2 storey home property on Dublin Rd, over Killiney Rd, have actually brought the free of lease project accessible, forecasting offers above their $67.55 mil retain price, confessed premium advertising broker Knight Frank Singapore.
This figures out to 2,500 per square ft built upon the 2,510.2 square m acreage.
Situated in top District Nine in a special dead end, the property comprises 8 strata terraces alongside ground measurements of somewhere between 2hundred 38 sq m and 240 square m. The property positions at a normal carved layout that is zoned for “domestic, two level varying landed” utilization in the 2K19 Master Plan.
The property relishes a 55 metre frontage onto Dublin Rd and even is situated close to the Orchard Road shopping belt. It is in addition close to Somerset Mass Rapid Transit Station along with Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank noticed that all property owners have indeed consented to the deal, reducing the demand to involve the STB for the request of sale.
Apart from maintaining the layout’s ongoing purpose as strata terraces, the potential investor is able to redevelop it into a solo estate or partition the property in to up to 11 terrace land parcels, dependent on the pertinent bodies’ endorsement.
“Dublin Lodge poses extraordinary chances for home owners and even construtors who are truly anxious to make use of the thriving landed market. This sort of redevelopment possibilities are really uncommon to come by as a result of the minimal inventory of landed households, especially in the hub of S’pore’s retail vicinity. Even though positioned in the dynamic downtown centre, the property remains within a laid-back area, off of the traffic and also the noise,” mentioned Ian Loh, Head of Capital Markets (L&B, Collective & Strata Sales) at Knight Frank Singapore.
The offer for Dublin Lodge closes on 6 Apr.