1 Nepean Highway, Mentone, VIC 3194 | Property Value & History | OnTheHouse
 
OFF MARKET

1 Nepean Highway
Mentone VIC 3194

Bedrooms: -
Bathrooms: -
Car spaces: 20
Floor area: 236m2
Land area: 1897m2
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Property Details for 1 Nepean Hwy, Mentone

Building Type
Commercial
Year Built
2017
Floor Size
236m2
Land Size
1897m2
Local Government
Kingston
Lot/Plan
1/TP141200

Last Listing description (April 2019)

UNDER OFFER - MULTIPLE OFFERS RECEIVED
This most impressive freehold investment property is located one of Melbourne's most sought after and well known showroom precincts, Nepean Hwy.
Positioned on the preferred outward bound side of the highway, on the corner of Nepean Hwy and Oak Ave, this profile showroom investment will be the new home to the new LDV car dealership.

Currently undergoing refurbishment, this investment will be the jewel in the crown of your investment portfolio.
Key attributes include:
* Impressive new 5 year lease to Nissan & LDV car dealership (STA)
* Net income $300,000 per annum plus, Outgoings & GST
* Fixed increases of 3% per annum,and market review at option
* Lease expiry 31 October 2023, with a further 5 year option
* All outgoings payable by the tenant (except Land Tax)
* Fully re-furbished showroom facility with rear workshop and warehouse
* Rear hardstand and wash bay area
* 20 car spaces on site
* 58 metre frontage to Nepean Hwy
* Commercial 2 zoning
This incredible investment boasts neighbours such as; a brand new Officeworks, Bunnings, Rebel Sport, Jefferson Ford, Subaru, Goodyear , Supercheap Auto, Spotlight and ALDI.
With Nissan and LDV opening soon, 1 Nepean Hwy, is an investment that will corner beautifully into your investment portfolio.
For further information, enquiries and inspections, please contact:
JAMES GLEN 0401 493 277
MATT NICHOLS 0418 186 488
NB: All areas and measurements are approximate. All prices are plus GST, unless otherwise stated. All images are subject to copyright.

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Property History for 1 Nepean Hwy, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
$4,875,000
29 Mar 2019
Listed for Rent
07 Nov 2018
  • 29 Mar 2019
    Sold for $4,875,000
  • 22 Feb 2019
    Listed for Sale Contact Agent
  • 24 Aug 2018
    Listed for Sale Contact Agent
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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 8,011 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 20 properties listed for sale, and 6 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 427 properties were sold in the past 12 months in Mentone.

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© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.

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