132 Balcombe Road, Mentone, VIC 3194 sold on 30 September 2025 | OnTheHouse
 
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Sold on 30 Sep 2025 - Price Unavailable

132 Balcombe Road
Mentone VIC 3194

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 90m2
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Property Details for 132 Balcombe Rd, Mentone

Building Type
Commercial
Floor Size
90m2

Last Listing description (September 2025)

Situated in the heart of the fastest moving rail and retail village of the southern bayside suburbs, this central shopfront provides an opportunity for investors to enjoy proven success.

Features include:
- Brand new Three (3) year lease
- High-quality 90 sqm* shopfront opposite Woolworths
- Full glass frontage providing excellent visibility

- Modern kitchen, all-ability bathroom facilities, reverse-cycle air-con

- Adjacent to the new station precinct and bus depot, high volume of foot and road traffic
- Access from the CBD to Frankston and everywhere in-between

- Residential growth area
- Thriving educational precinct of private, primary and secondary schools
- Low-vacancy village with an excellent retail, hospitality, and professional mix
- Blue-chip beachside position, 1km to the bay

Tenancy details:
Term: Three (3) years
Comm. date: 20th April 2023
Rental: $34,194pa plus GST & outgoings
Reviews: Annually in accordance with the CPI
Further terms: One further term of three (3) years
Renewals: In accordance with market

Invest in a high-demand low-vacancy village. Secure a blue-chip bayside property with solid return and proven growth.

For further information or to arrange an inspection please contact our office.

*All sizes are approximate
*All figures are GST exclusive unless otherwise stated.

"The skyline changes, but our foresight doesn't. Always predicting, always leading. Stay #OneStepAhead with DBRE”.
Please feel free to contact us to discuss your commercial property needs. Between us we offer over 70 years experience in the commercial, retail and industrial property markets with intricate knowledge of Melbourne's south east corridor.

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Property History for 132 Balcombe Rd, Mentone, VIC 3194

A timeline of how this property has performed in the market
Last Sold
30 Sep 2025
  • 30 Sep 2025
    Sold for $501,000
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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 6 properties listed for rent in Mentone on OnTheHouse. According to Cotality's data, 428 properties were sold in the past 12 months in Mentone.

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