FOR SALE
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132 Balcombe Road
Mentone VIC 3194

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 90m2
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SECURLEY LEASED HIGH-PROFILE INVESTMENT

Situated in the heart of the fastest moving rail and retail village of the southern bayside suburbs, this central shopfront provides an opportunity for investors to enjoy proven success.
Features include:
- Brand new Three (3) year lease
- High-quality 90 sqm* shopfront opposite Woolworths
- Full glass frontage providing excellent visibility
- Modern kitchen, all-ability bathroom facilities, reverse-cycle air-con
- Adjacent to the new station precinct and bus depot, high volume of foot and road traffic
- Access from the CBD to Frankston and everywhere in-between
- Residential growth area
- Thriving educational precinct of private, primary and secondary schools
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Property Details for 132 Balcombe Rd, Mentone

Building Type
Commercial
Floor Size
90m2

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About Mentone 3194

The size of Mentone is approximately 4.5 square kilometres. It has 13 parks covering nearly 5.9% of total area. The population of Mentone in 2011 was 11,667 people. By 2016 the population was 12,973 showing a population growth of 11.2% in the area during that time. The predominant age group in Mentone is 40-49 years. Households in Mentone are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Mentone work in a professional occupation. In 2011, 66.7% of the homes in Mentone were owner-occupied compared with 62.9% in 2016.

Mentone has 7,913 properties. Over the last 5 years, Houses in Mentone have seen a 45.10% increase in median value, while Units have seen a 15.38% increase. As at 31 July 2024:

  • The median value for Houses in Mentone is $1,488,243 while the median value for Units is $645,645.
  • Houses have a median rent of $700 while Units have a median rent of $500.
There are currently 22 properties listed for sale, and 9 properties listed for rent in Mentone on OnTheHouse. According to CoreLogic's data, 360 properties were sold in the past 12 months in Mentone.

Suburb Insights for Mentone 3194

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Andrew Mclaren
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James Davie
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DBRE - Moorabbin
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Disclaimer
Whilst all reasonable effort is made to ensure the information in this publication is current, CoreLogic does not warrant the accuracy or completeness of the data and information contained in this publication and to the full extent not prohibited by law excludes all for any loss or damage arising in connection with the data and information contained in this publication.