THE ING Office Fund has sold a suburban office in Melbourne for $43.8 million, reflecting a high yield of 10 per cent.

The 990 Whitehorse Road office in the eastern suburb of Box Hill is fully occuped by the Australian Taxation Office for whom it was purpose built. The ATO's lease  at the 21,235 square metre multi-level building expires in 2014.

Views currently enjoyed by the building's tenants over the Box Hill railway line may soon be lost if a proposed 38-level mixed use tower, mooted for a car park site at the corner of Station and Carrington streets in behind the Centro Box Hill shopping centre, proceeds.