121-123 Mentone Parade
Mentone, VIC 3194

Overview

Fully Leased Beachside Freehold Investment - Prime Mentone Village Location

This property presents an exceptional opportunity to acquire a substantial two-level commercial freehold located in the heart of the tightly held Mentone Village, just moments from the beach and key retail amenities. The building has been recently modernised, featuring upgraded interiors, new lighting, and brand-new air conditioning units, combining long-standing tenancy security with strong investment fundamentals.

For three decades, the property has been home to a well-established business, serving local families and providing a dependable income stream. This investment offers a secure lease arrangement with a 5 + 5 + 5 year lease commencing on 1 May 2025, a current rental return of $87,546 per annum excluding GST, and fixed 4% annual increases. The tenant has a 30-year trading history at this location, underscoring the stability and reliability of this investment.

Key investment highlights include:

• Lease term of 5 + 5 + 5 years starting 1 May 2025
• Current rental income of $87,546 per annum excluding GST
• Fixed annual rental increases of 4%
• Established tenant with a 30-year trading history at this site
• Land area of 568 square meters
• Building area of 637 square meters spread over two levels
• Zoning under Activity Centre Zone - Schedule 2

The property enjoys a prime beachside village position within Mentone Village, benefiting from exceptional exposure and high foot traffic. It is strategically located approximately 100 meters from Mentone railway station and within immediate walking distance to major retailers including Coles Supermarkets, Woolworths Supermarkets, and Chemist Warehouse.

This commercial freehold offers prominent retail exposure in a high-traffic precinct, enhanced by rear service lane access and a flexible upper level that presents future value-add potential, subject to council approval. This is a rare opportunity to secure a proven, income-producing beachside investment in one of Melbourne's most tightly held village retail precincts.

Please note that every precaution has been taken to ensure the accuracy of the information provided; however, it does not constitute any representation by the vendor or agent. Photo identification is required at all open inspections.

Location