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Sold on 22 Mar 2019

19-23 Prospect Street Box Hill VIC 3128

  • Offices
  • 4,304 m²
  • Sold

Prosperous Office Investment

  • tbc

Conjunctional agents Colliers International and GormanKelly are delighted to offer 19-23 Prospect Street, Box Hill for sale by Expression of Interest closing Friday 8th March 2018 at 2pm.

The property is located within one of Melbourne’s largest Metropolitan Activity Centre’s adjacent to a major shopping centre and the largest public transport hub in the eastern suburbs.

The building comprises of three large floorplates plus two basement levels of parking with dual lifts, renovated bathrooms, excellent natural light and quality tenancy mix and profile including both government and not for profit.

There are 8 tenants of varying areas and lease expiries with potential for further rental growth.

Key highlights of this opportunity include:

• Large land holding of 1,999m²*
• Three (3) level office building with an NLA of 4,304m² split into eight (8) separate tenancies
• 150 secure basement car-spaces
• Current net income $1.37m p.a* (excluding outgoings)
• 3.56 Year WALE*
• 2-star NABERS Energy Rating
• Coveted Commercial 1 Zone (C1Z)
• Exceptional skyscraper redevelopment height limits (STCA)
• Strong underlying land values in the area
• Walking distance to the well-known Box Hill Central Shopping Centre and Box Hill Train Station & Transport Interchange
• Ease of access to Whitehorse Road / Maroondah Highway and other major road arterials

For further information please contact the exclusive selling agents.

Colliers International
Andrew Ryan +61 408 543 527
Peter Bremner +61 412 326 942
Alex Browne +61 418 350 545
Rachel Clohesy +61 466 918 158

Gorman Kelly
Aldo Galante +61 417 055 588
Mario Nobrega +61 414 355 822
Robert Kelly +61 418 655 242


Property Highlights

Property ID2014915682
Date Sold22 Mar 2019
Floor Area4,304 m²
Land Area1,999 m²
Energy2-star NABERS Energy rating
Parking150 x Onsite parkings
Last updated  22 Feb 2019
Map for 19-23 Prospect Street Box Hill VIC 3128
Map for 19-23 Prospect Street Box Hill VIC 312819-23 Prospect Street Box Hill VIC 3128
Colliers International | Melbourne East
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