Contact Agent For Address, Mentone, VIC 3194 | Commercial for sale | OnTheHouse
FOR SALE
$115,000

Contact Agent For Address
Mentone VIC 3194

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Fully Licensed Asian Restaurant for Sale – Prime Mentone Location

An excellent opportunity to take over a well-established and fully licensed Asian restaurant in the heart of Mentone. This popular venue is trading successfully and ready for a new owner to walk in and start operating from day one.
Key Features:
Weekly Takings: $7,000 – $10,000
Rent: $5,000 per month
Lease: Secure 2 + 5 + 5 years
Fully Licensed: Alcohol license in place
Equipment: Fully fitted commercial kitchen with all equipment included – ready to operate
Turnkey Operation: Trading business with loyal clientele and strong local presence
Reason for Sale: Owner relocating overseas
Located in a high-traffic area with great exposure, this restaurant offers dine-in, takeaway, and delivery potential. Ideal for an owner-operator or experienced hospitality group looking to expand.
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Property Details for Contact Agent For Address, Mentone

Building Type
Commercial
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About Mentone 3194

The size of Mentone is approximately 4.5 square kilometres. It has 13 parks covering nearly 5.9% of 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 8,010 properties. Over the last 5 years, Houses in Mentone have seen a 37.89% increase in median value, while Units have seen a 21.08% increase. As at 30 November 2025:

  • The median value for Houses in Mentone is $1,571,194 while the median value for Units is $717,234.
  • Houses have a median rent of $695 while Units have a median rent of $545.
There are currently 22 properties listed for sale, and 7 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 426 properties were sold in the past 12 months in Mentone.

Suburb Insights for Mentone 3194

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Neil Ramteke
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Swarit Verma
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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.