127 Mentone Parade, Mentone, Vic 3194

Crabtrees Real Estate are pleased to offer 127 Mentone Parade, Mentone for sale via Public Auction Friday 15th August at 1pm. 

This superb freehold investment located in the heart of Mentone's well-established retail precinct presents a fantastic opportunity to secure a fully leased two-level retail. 

This secure investment is to be sold with a passing income of $48,948 per annum plus GST and Outgoings.

Lease Details: 

+ Lease Term:  5 Years commencing April 2024
+ Current Rent: $48,948 per annum + GST & Outgoings*
+ Further Terms: Two (2) further options of four (4) years
+ Annual Rent Reviews: Fixed 3% increases
+ Bank Guarantee of $30,000 

Key Features:

+ Total building area of 175 sqm*
+ Total site of 174 sqm*
+ Ground floor retail space of 120 sqm* with front & rear access
+ First floor self contained one bedroom apartment
+ Development potential under Activity Centre Zone 2

Surrounded by established retailers, cafes, and services, and just moments from Mentone Train Station and major arterial roads, this high-profile freehold offers excellent long-term value with strong lease security and flexible future development potential.

AUCTION FRIDAY 15TH AUGUST AT 1PM

Crabtrees Real Estate is built on history, reputation and expertise.

We offer a level of knowledge others can't match.

Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!