11-13 Balcombe RoadMentone VIC 3194
Property Details for 11-13 Balcombe Rd, Mentone
11-13 Balcombe Rd, Mentone is a 3 bedroom, 1 bathroom House with 10 parking spaces and was built in 1970. The property has a land size of 570m2 and floor size of 170m2. While the property is not currently for sale or for rent, it was last sold in July 2023.
Last Listing description (September 2023)
Ray White Commercial Oakleigh are excited to present 11-13 Balcombe Road, Mentone for Sale via Public Auction on 7th July 2023 @ 11.00am.
Offering a substantial double frontage allotment located in this booming Bayside suburb, is sure to appeal to developers, owner occupiers and investors alike. Offering immediate income with multiple value-add propositions including multi-level redevelopment (STCA). Situated in a bustling and high-exposure location on the corner of Nepean Highway, Warrigal Road and Balcombe Road the property offers fantastic exposure plus signage opportunities.
Property Features Include:
Total Land Area | 565m2 *
Total Building Area | 175m2 *
Open plan throughout
Large staff area at the rear
Rental | $40,816.68 p/a* net (as of 18th September 2023)
Tenant on a month-to-month tenancy
Ample car parking
Suit Investors/Owners Occupiers/Developers (STCA)
Over 8 metres of street frontage
Mixed Use Zoning (MUZ)
Inspection times:
Friday 30 June 2023 10:30 am - 11:00 am
Friday 7th July 2023 10:30 am - 11:00 am (Before Auction)
Should you be unable to attend the highly anticipated On-site Auction, you will be able to bid from the comfort of your home or office via Anywhere Auctions.
To register to Bid: Please visit the Anywhere Auctions website or download the app and click on the "Register to Bid" button against this property:
https://anywhereauctions.com.au/app/property?propertyId=33564
For further information, don't hesitate to get in touch with one of the exclusive marketing agents:
George Kelepouris | 0425 798 677
Simon Liang | 0451 954 318
*All areas and figures are approximate only. All boundaries are indicative only. All precaution has been
taken to establish the accuracy of all information provided but this does not constitute any
representation by the Vendor or Agent.
Property History for 11-13 Balcombe Rd, Mentone, VIC 3194
- 07 Jul 2023Sold for $1,481,000
- 07 Jun 2023Listed for Sale Auction ($950,000 - $1,045,000)
- 08 Aug 2019Listed for Rent $38,000 / year
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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 7,943 properties. Over the last 5 years, Houses in Mentone have seen a 25.33% increase in median value, while Units have seen a 11.73% increase. As at 31 October 2024:
- The median value for Houses in Mentone is $1,405,904 while the median value for Units is $660,859.
- Houses have a median rent of $700 while Units have a median rent of $515.
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