Actually in Kew East, the office complex attracted 225 enquiries, 32 inspections and nine offers.
It is trading to a local investor for a speculated price of more than $21 million – a deal which would reflect a fully-let yield of less than 4 per cent.
When the asset hit the market, price expectations circled $19 million.
All parties declined to comment about the sale when contacted.
During the campaign, the brokers promoted the development upside of the 4864 square metre block which covers the addresses 830-832 High Street and 1401 Burke Road, about eight kilometres east of the Melbourne CBD.
A residential project, aged care complex, hotel, shopping centre, or bigger office, could replace the site, which is on the Balwyn North border.
The holding currently contains four buildings with a total lettable office area of 3520 sqm, 92 per cent of which is occupied.
On a fully-leased basis, Knight Frank estimates the annual rental return to be $823,745.
Kew Corporate Centre is about a kilometre east of the Kew Junction where in April, syndicator Terraplex paid $19 million for another low-rise office, containing 3361 sqm of area, on a 3760 sqm block, at 79-83 High Street, Kew (pictured, above).