Whole Block of Recently Refurbished Flats, Fully Leased & 850 m* to Mentone Beach
Stonebridge Property Group is pleased to present for sale 11 Stawell Street, Mentone via Public On-site Auction.
The key highlights of the opportunity include:
- Whole block of 14 renovated 1-bedroom, 1-bathroom, 1-car space flats that present a stable income stream in the blue-chip suburb of Mentone
- All of the 14 flats have been recently renovated to the highest quality and come with landlord appliances, including fridges, dishwasher, ovens and more
- Includes long-term development upside with a street height allowance under the planning scheme for 11 metres
- Expansive street frontages allowing for flexibility of access to the property for future development
- Within the affluent beachside suburb of Mentone that boasts a median house price of $1,300,000^ which is $400,000 higher than the Melbourne medium
- Excellent transport linkages only 500 m* to Mentone Train Station, bus stops along Warrigal Road and Como Parade West, and in close proximity to both the Nepean Highway and South Road providing direct access to the Melbourne CBD
- A location that suits families, young professionals, down-sizers and retirees, being only a short walk to a vast array of lifestyle amenities including Mentone Beach (850 m*), Mentone retail precinct (900 m*), and Woolworths (1 km*)
- Within one of Melbourne’s most abundant private and public school precincts with institutions including Mentone Grammar (800 m*), St Bede's College (1 km*) and Mentone Girls' Grammar (1.5 km*)
11 Stawell Street, Mentone is for sale via Public On-site Auction Wednesday 27th March 2024 at 10:30am (AEDT). To obtain further information please contact the exclusive selling agents, Stonebridge Property Group.
Dylan Kilner
0459 396 341
Max Warren
0488 296 892
Chao Zhang ??
0411 625 068
* Approximate
^ Corelogic
Property Code: 898