161-163 Nepean HighwayMentone VIC 3194
Property Details for 161-163 Nepean Hwy, Mentone
Last Listing description (May 2015)
Outstanding location with enormous exposure to one of Melbourne s major arterial roads, with access to Lower Dandenong Road.- Lease Term: 10 + 5 + 5 years (comm. Nov 2013)- Rental: $144,200*pa- Reviews: Annual 3% increases with a market review on exercise of each option period- Land Area: 1,353m *- Zoning: Commercial 1- Adjacent to KFC & Thrift Park Shopping Centre*approx.
Property History for 161-163 Nepean Hwy, Mentone, VIC 3194
- 25 Mar 2024Sold for $4,000,000
- 16 Apr 2015Listed for Sale Not Disclosed
- 19 Mar 2015Sold for $2,560,000
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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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