Retail | Offices

Property ID: 422122

 

Hidden Gem in Mentone’s Heart

6, 95-97 Balcombe Road, Mentone, VIC 3194

A great property in the Heart of Mentone's Retail, Rail and Education Hub
Mentone’s best kept secret comes with a good tenant, a better-than-main-road position, & the best value in this blue-chip beachside retail & rail precinct! Immaculately maintained & presented by a meticulous medical services tenant, this classic 45sqm* shopfront provides remarkable value today & ready-rentability when needed in the future.


- Make an exceptional entry to blue-chip retail investment
- High-visibility with wide-windowed frontage
- Configured for professional services use
- Waiting area, reception/office, private treatment room kitchen/storage, WC
- Plumbing to each workspace, reverse-cycle air-conditioner,

- High pedestrian-traffic thoroughfare with access via sheltered walkway
- Well-resourced with parking; adjacent the village’s major parking lot

- New 3 year lease in place from 29 July 2022 with 3-year option
- Excellent return on investment of $23,481.60pa with 4% annual reviews
- Vibrant arcade linking Balcombe Rd with Woolworths adjacent parking lot
- Drawcard neighbours including Bob Steward Uniforms & Melbourne Pathology
- Revitalised retail & rail hub at the heart of Mentone’s school district
- 150m to Mentone’s refurbished heritage railway station & bus hub
- Major shopping precinct for this blue-chip beachside suburb & surrounds

- One of most successful, retail, transport & educational precincts by the bay


A secret worth keeping, this well-presented, well-tenanted shopfront is your affordable entry to blue-chip retail investment.

For further details or to arrange an inspection please do not hesitate to contact our office.

*NB All prices exclude GST unless otherwise stated and all sizes are approximate.

The core focus of DBRE is industrial, commercial a...

Sold

$450,000

David Bancroft

James Davie