Southbank 74 storey tower permit auction offering

An auction on July 29 will offer 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.

It comes complete with a fully approved permit and plans for a landmark 74 level tower comprising 288 apartments.

According to Savills agent Clinton Baxter, who is marketing the property with 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,’’ Clinton Baxter said.

It will be hotly contested by local and off-shore developers..

The property will be auctioned onsite on Friday, July 29 at 11am.