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Colliers International - Melbourne East
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19-23 Prospect Street Box Hill, VIC 3128

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19-23 Prospect StreetBox Hill, VIC 3128

Offices • Development Sites & Land
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Land area

1999.0m²

Floor area

4304.0m²

Car spaces

150

Parking info

OnSite

Zoning

Commercial 1

Tenure type

Tenanted Investment

NABERS

2.0

Sold on

22 Mar 2019

Prosperous Office Investment

  • 100% leased building
  • Net Income $1.37m p.a* & 3.56 year WALE*
  • Considerable redevelopment potential
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

*approx

Property ID: 503089966Last Updated: 7 May 2019

Colliers International - Melbourne East
19-23 Prospect Street
Box Hill, VIC 3128
Peter Bremner
Andrew Ryan

Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148

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Colliers International - Melbourne East

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Colliers International - Melbourne East

Level 7, Chadstone Tower One, 1341 Dandenong Rd
CHADSTONE, VIC 3148
GormanKelly - Hawthorn

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GormanKelly - Hawthorn

1 Oxley Road
HAWTHORN, VIC 3122
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Peter Bremner

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Peter Bremner
Colliers International - Melbourne East
19-23 Prospect Street Box Hill, VIC 3128

Hi,
I’m interested in this property. Could you please provide me with more information.

Kind Regards,

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  • Peter Bremner

    Peter Bremner

    Colliers International - Melbourne East
    +61 *** ***
  • Andrew Ryan

    Andrew Ryan

    Colliers International - Melbourne East
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  • Aldo Galante

    Aldo Galante

    GormanKelly - Hawthorn
    0417 *** ***