Permit Approved Southbank Site To Go Under the Hammer
22 July 2016
A who’s who of Melbourne’s development industry looks likely to attend a rare event for the Melbourne market with the auction on 29 July of a prime Southbank site with a permit for a skyscraping residential tower.
The 54-56 Clarke Street, Southbank property occupies a prime corner site located within 100 metres of the Crown Casino complex and comes complete with a fully approved permit and plans for a landmark 74 level tower comprising 288 apartments.
According to Savills State Director, CBD & Metropolitan Sales, Clinton Baxter, who is marketing the property with Director, Nick Peden, 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,” Mr Baxter said.
Mr 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,” Mr Peden said.
The property will be auctioned on Friday, July 29 at 11am on-site.
