Dublin Lodge On Sale For $67.55mil
The proprietors of Dublin Lodge, a 2 level housing development on Dublin Road, up front Killiney Road, have already brought the free of lease development procurable, forecasting deals over their $67.55 mil set aside rate, communicated distinctive marketing representative Knight Frank SGP.
This works out to 2,500 psf formed on the 27.02K square foot acreage.
Found in excellent Area Nine in a special dead end, the property encompasses eight strata terraces along with floor sizes of among 238 sq meter and Two hundred Forty square m. It lies on a typical carved site that is zoned to “housing, 2 floor blended landed” use under the 2019 Master Plan.
The project takes pleasure in a Fifty-five m frontage onto Dublin Road and also lies near the Orchard Rd retail street. The project is in addition close to Somerset Mass Rapid Transit Station and even Dhoby Ghaut Mass Rapid Transit Interchange.
Knight Frank noticed that every of the property owners have already granted the sale, reducing the need to involve the STB for the order of sale.
Apart from maintaining the layout’s present usage as strata terraces, the interested prospect can easily redevelop it toward a solo mansion house or subdivide it in to as much as eleven terrace ground parcels, based on the specific authorities’ endorsement.
“Dublin Lodge leads to spectacular ventures for developers and also individuals who are truly eager to tap on the growing landed industry. This type of redevelopment benefits are generally seldom to come by caused by the small amount of landed properties, particularly in the core of SGP’s retail vicinity. Even though situated throughout the busy city centre, the project stays in a calm location, away from the sound and the traffic,” stated Ian Loh, Head of Capital Markets (Land & Building, C&S Sales) at Knight Frank SGP.
The bid for Dublin Lodge closes on 6Apr.