157-159 Nepean HighwayMentone VIC 3194
Property Details for 157-159 Nepean Hwy, Mentone
Last Listing description (December 2019)
Savills is thrilled to offer for sale this premium bayside investment benefiting from a high profile location at 157-159 Nepean Highway, Mentone. The property represents a truly remarkable opportunity to acquire a first class asset fronting two of Melbournes busiest roads.
The key attributes of this outstanding property include:
- Modern restaurant with drive thru and 35 on-site carparks
- KFC has over 650 stores nationwide
- Currently returning $262,836 per annum*
- Commercial 1 zoning
- Dual street frontage to Nepean Highway & Lower Dandenong Road
- Over 57,000 cars pass the site daily^
- Large strategic landholding of 2,362sq m* with huge future upside
- Close proximity to Mentone Activity Centre which includes a variety of national retailers and Mentone Train Station
*Approx.
For further information please contact:
Benson Zhou - 0458 488 888
Julian Heatherich - 0412 995 655
Yvonne Zhou - 0415 100 831
Property History for 157-159 Nepean Hwy, Mentone, VIC 3194
- 30 Aug 2019Sold for $5,608,000
- 29 Jul 2019Listed for Sale SOLD - Price Withheld
- 10 Apr 2013Sold for $3,505,000
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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