LG1/347 Burwood Highway, Forest Hill, VIC 3131 sold on 25 June 2025 | OnTheHouse
 
SOLD
Sold on 25 Jun 2025 for $36,600,000

LG1/347 Burwood Highway
Forest Hill VIC 3131

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 1050m2
Land area: 26231m2
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Property Details for Lg1/347 Burwood Hwy, Forest Hill

Building Type
Commercial
Floor Size
1050m2
Land Size
26231m2
Local Government
Whitehorse
Lot/Plan
1/PS407904

Last Listing description (May 2019)

Colliers International are proud to exclusively offer for sale 347-351 Burwood Highway, Forest Hill.
347-351 Burwood Highway, Forest Hill comprises a quality office park on a substantial 2.62ha Commercial 1 zoned site. Situated within Outer East office market, which is currently experiencing record low vacancy rates, escalating rental growth and extraordinary tenant demand.
Constructed on the land are two office buildings providing a total net lettable area of 10,692m * and multi-storey car park plus additional at-grade car bays on site providing approximately 700 car bays.

This investment provides secure income with a 3.9 year* WALE and an enormous site providing future redevelopment potential (STCA).
Key features of the property include:
- 10,692m * NLA over two buildings
- At-grade and multi-deck car park for 680 car bays*
- Recent capital expenditure and refurbishments of $12.75 million*
- 2.62-hectare Commercial 1 zoned site
- 100% leased (including rental guarantee) with a 3.9 year* WALE (as at 1 January 2019)
- Net passing income of $3.4 million per annum*
- Exempt and Mixed Use NABERS Energy ratings
Should you wish to arrange a building inspection, please contact the exclusive selling agents
*approx

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Property History for Lg1/347 Burwood Hwy, Forest Hill, VIC 3131

A timeline of how this property has performed in the market
Last Sold
$36,600,000
25 Jun 2025
Listed for Rent
26 Jun 2017
  • 25 Jun 2025
    Sold for $36,600,000
  • 12 Apr 2019
    Sold for $45,850,000
  • 31 Oct 2018
    Listed for Sale Not Disclosed
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About Forest Hill 3131

The size of Forest Hill is approximately 4.1 square kilometres. It has 12 parks covering nearly 8.5% of total area. The population of Forest Hill in 2016 was 10626 people. By 2021 the population was 10780 showing a population growth of 1.4% in the area during that time. The predominant age group in Forest Hill is 40-49 years. Households in Forest Hill are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Forest Hill work in a professional occupation.In 2021, 70.80% of the homes in Forest Hill were owner-occupied compared with 70.10% in 2016.

Forest Hill has 5,476 properties. Over the last 5 years, Houses in Forest Hill have seen a 28.74% increase in median value, while Units have seen a 10.53% increase. As at 30 November 2025:

  • The median value for Houses in Forest Hill is $1,258,166 while the median value for Units is $768,017.
  • Houses have a median rent of $650 while Units have a median rent of $580.
There are currently 10 properties listed for sale, and 10 properties listed for rent in Forest hill on OnTheHouse. According to Cotality's data, 240 properties were sold in the past 12 months in Forest hill.

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