High Exposure Investment
114-116 Nepean Highway, Mentone, VIC 3194
Morley is pleased to offer for sale this high exposure investment leased to well established operators "Lydford & Co"
5 + 5 + 5 + 5 year lease
Rental: $109,200 + GST + Outgoings (excl. Land Tax)
Fixed 4% annual increases
Fully refurbished building with high quality existing fit out
Substantial land area of 443 sqm (approx.) on 2 titles
High exposure site with three (3) frontages
Huge future development potential
Ability to increase revenue via external advertising signage (STCA)
Surrounded by important public infrastructure including Mentone Train Station, Moorabbin Airport, and within close proximity to national retailers including Coles, Woolworths, ALDI, Bunnings, Officeworks and Petbarn
Mentone is an affluent bayside suburb with a median house price of $1,447,500 (REA March 2023)