115A Mentone ParadeMentone VIC 3194
Property Details for 115a Mentone Pde, Mentone
Last Listing description (August 2021)
> Land area: 495 sqm approx
> Building area: 325 sqm approx
> Leased to Westpac Banking Corporation until December 2020
> Dual street frontages rear carpark
> Includes first floor office of 72 sqm approx
> Strong future development upside (STPA)
This is an exceptional opportunity to purchase a high calibre investment occupied by one of Australias leading companies, Westpac Banking Corporation.
Future ability to occupy or value add (STPA) provides flexibility to any astute investor.
The subject property is located on the eastern side of Mentone Parade, between Florence and Brindisi Streets, abutting a large Coles Supermarket.
It is ideally situated in the heart of one of Baysides most prominent commercial and retail precincts, Mentone Urban Shopping Village. and just 100 metres from Mentone Station.
It is surrounded by high profile national tenants including Coles & Woolworths Supermarkets, NAB, Chemist Warehouse and Australia Post, a large number of trendy cafes, eateries, bars and restaurants are at your fingertips.
Call GrayJohnson today.
Property History for 115a Mentone Pde, Mentone, VIC 3194
- 19 Jun 2020Sold for $2,050,000
- 07 Oct 2019Listed for Sale POA. Call agents to discuss.
- 09 Jul 1997Sold for $500,000
Recent sales nearby
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0About 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.
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