This article is from the Australian Property Journal archive
A PRIME Southbank site with an approved permit for a 74-storey skyscraper will go under the hammer on July 29 and it is expected to cause a developers frenzy.
The 54-56 Clarke St Southbank property is located within 100 metres of the Crown Casino complex and will be sold with a permit and plans for a 74 levels residential tower comprising 288 apartments.
Agents Savills’ Clinton Baxter and Nick Peden said the sale by auction was aimed at providing total transparency for potential buyers together with an unconditional sale for the vendor within a defined timeframe.
“Developers can attend the auction with tremendous confidence knowing that they can bid for and buy a site poised for Melbourne’s next iconic project, one that, at 74 levels, will rise above all nearby towers and offer future occupants spectacular views in all directions,” Baxter said.
Peden said the project represented one of the best development opportunities in the market this year and was likely to be hotly contested by local and off-shore developers alike.
“This is an outstanding design that maximizes the efficiency of the site and provides developers with a project on the doorstep of the CBD that will essentially market itself,” Peden said.
The property will be auctioned on July 29 at 11am on site.
Australian Property Journal
