121-123 Mentone Parade, Mentone, VIC 3194 | Commercial for sale | OnTheHouse
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121-123 Mentone Parade
Mentone VIC 3194

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 568m2
Land area: 568m2
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Fully Leased Beachside Freehold Investment - Prime Mentone Village Location

An exceptional opportunity to secure a substantial two-level commercial freehold in the heart of tightly held Mentone Village, just moments from the beach and key retail amenity. Recently modernised with upgraded interiors, new lighting, and brand-new air conditioning units, this impressive property combines long-standing tenancy security with strong investment fundamentals.
The property has been home to the iconic La Porchetta business for three decades, serving local families and delivering a dependable income stream.
Investment Highlights:
• 5 + 5 + 5 year lease commenced 1/5/2025
• Current rental return: $87,546 PA ex GST
• Fixed 4% annual increases
• Established tenant with 30-year trading history at this location
• Land area: 568sqm
• Building area: 637sqm over two levels
• Zoning: Activity Centre Zone - Schedule 2
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Property Details for 121-123 Mentone Pde, Mentone

Building Type
Commercial
Floor Size
568m2
Land Size
568m2
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About Mentone 3194

The size of Mentone is approximately 4.5 square kilometres. There are 13 parks, covering nearly 5.9% of the total area. The population of Mentone in 2016 was 12965 people. By 2021 the population was 13197 showing a population growth of 1.8% 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 2021, 65.60% of the homes in Mentone were owner-occupied compared with 62.90% in 2016.

Mentone has 8,017 properties. Over the last 5 years, Houses in Mentone have seen a 1.75% increase in median value, while Units have seen a 0.47% increase. As at 30 June 2026:

  • The median value for Houses in Mentone is $1,463,721 while the median value for Units is $696,957.
  • Houses have a median rent of $815 while Units have a median rent of $555.
There are currently 17 properties listed for sale, and 6 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 368 properties were sold in the past 12 months in Mentone.

Suburb Insights for Mentone 3194

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Harry Lew
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Ray White Cheltenham
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Disclaimer
The Cotality Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice.

While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.