Tiny Southbank Site Earmarked For Major Tower

A SLIVER of Southbank land, about the same size as would accommodate a standard inner-city terrace house, has sold for $1.23 million because of its redevelopment potential.

The 168 square metre site at 11-13 Hancock Street sold at auction this week before 45 observers. Savills directors Nick Peden and Clinton Baxter represented the vendors who constructed a workshop on the site in the 1940s.

The block is some 900 metres from the CBD, between the Crown Casino and Clarendon Street shopping strip. Sold with vacant possession, it is expected to make way for an apartment complex. Savills directors Nick Peden and Clinton Baxter were the marketing agents.

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Next Southbank Skyscraper Set to Rise From Clarke Street

SOUTHBANK’s next prominent apartment skyscraper will rise from 58 Clarke Street, after local developer Vicland purchased the site in an off market deal.

The 540 square metre block on the south-west corner of Hancock Street sold with a permit for a 33-level, 147-unit skyscraper, which upon completion will appear to abut the Kings Way offramp of the West Gate Freeway.

Apartments within this complex will capture the million-dollar CBD views currently afforded to commuters passing Southbank via that freeway, near Clarendon Street.

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