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Overview
1 Albenca Street, Mentone
Located in one of Mentone's most desirable bayside areas, this property offers a prime development opportunity under GRZ5 zoning. The site spans approximately 809 square meters with a wide frontage, presenting extensive potential for redevelopment, subdivision, or the construction of a luxury new home, subject to council approval.
The existing residence is currently tenanted, providing immediate rental income, making this an attractive option for investors or those seeking a landbank opportunity. This allotment is perfectly positioned for buyers aiming to benefit from the strong demand for quality homes and multi-dwelling developments in this tightly held location.
Conveniently situated within walking distance to Mentone Station, local bus routes, parks, cafes, shopping precincts, and leading schools, the property also offers easy access to Mentone Beach, just moments away, delivering an exceptional bayside lifestyle.
Key features include:
- Approximately 809sqm land size
- GRZ5 zoning allowing for redevelopment potential (subject to council approval)
- Wide frontage suitable for subdivision or multi-dwelling development (subject to council approval)
- Existing home currently tenanted providing rental income
- Premium bayside landholding in a sought-after location
- Excellent investment or landbank opportunity
- Close proximity to Mentone Station, cafes, parks, and schools
- Approximately 1.5 to 2 kilometers from Mentone Beach
Opportunities of this size, zoning, and location are increasingly rare in Mentone. This property represents a unique chance to secure a valuable position in this highly desirable bayside suburb and unlock its future potential.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Mentone VIC 3194
Market Insights for Mentone VIC 3194
Other properties in this postcode
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