114-116 Nepean Highway, Mentone, VIC 3194

Hotel/Leisure | Retail | Showrooms

For Sale

  • Property ID: 430475
  • Floor Area: 395m²
  • Land Area: 443m²
  • Occupancy: Tenanted
High Exposure Investment

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)

Mentone Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $130 ---
Offices $5936 $234 3.95%
Retail $5401 $208 3.86%
This is the average advertised price, rent and yield for Mentone, VIC 3194*
* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.

Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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