117-119 Mentone ParadeMentone VIC 3194
Property Details for 117-119 Mentone Pde, Mentone
Last Listing description (February 2020)
Knight Frank are delighted to offer for sale this securely leased prime retail investment in one of Melbournes most tightly held precincts.
The premises consists of 176sqm* of lettable area on the ground floor with an additional 54sqm* on the first floor with the Tenant being operational on this site for over 12 years.
The strip enjoys the benefit of being within close proximity to Mentone Train Station with neighbouring national tenants such as Westpac, Commonwealth Bank, NAB, Woolworths and Coles.
Secure lease to Hocking Stuart Real Estate
New 5 x 5 year lease expiring 2028
Net income of $80,310.88* p.a.
4% fixed annual increases
Building area of 230sqm
Flexible commercial 1 Zoning
Long term tenant
For further information please contact the exclusive agents below.
Property History for 117-119 Mentone Pde, Mentone, VIC 3194
- 12 Feb 2020Sold for $1,685,000
- 20 Aug 2019Listed for Sale Contact Agent
- 14 Mar 2007Sold for $935,000
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 8,011 properties. Over the last 5 years, Houses in Mentone have seen a 32.78% increase in median value, while Units have seen a 15.91% increase. As at 31 December 2025:
- The median value for Houses in Mentone is $1,570,916 while the median value for Units is $715,987.
- Houses have a median rent of $685 while Units have a median rent of $550.
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