189-199 Nepean HighwayMentone VIC 3194
Property Details for 189-199 Nepean Hwy, Mentone
Last Listing description (May 2021)
Knight Frank in conjunction with Raine & Horne Brighton are delighted to offer 189-199 & 201 Nepean Highway, Mentone for private sale.
Designed by renowned architects Plus Architecture the site features permit approval for a 6 level mixed use development within this sought after bayside suburb with a median house price of $1,160,000 (Source: REIV).
Zoned Commercial 1, the property may suit alternative uses such as aged care, commercial / retail development and more (STCA)
This outstanding redevelopment opportunity features the following:
- Substantial land holding of 1,677sqm* over 2 titles
- Commercial 1 zoning with imposing street frontage of 72m* to slip road beside Nepean Highway
- Permit approved for 61 apartments ( 7 x 3 beds, 27 x 2 bed + 2 bath, 14 x 2 bed and 13 x 1 bed apartments) plus 3 retail
- Potential bay views from proposed development
- Situated next to Thrift Park Shopping Centre and close to a host of amenities including Mentone Beach, the Mentone retail strip, Mentone railway station, bus networks plus a number of private and public schools.
Property History for 189-199 Nepean Hwy, Mentone, VIC 3194
- 23 Nov 2023Sold for $3,135,000
- 26 Nov 2018Sold for $4,262,500
- 24 Oct 2018Listed for Sale By Negotiation
Recent sales nearby
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About Mentone 3194
The size of Mentone is approximately 4.5 square kilometres. There are 13 parks, covering nearly 5.9% of the 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 8,023 properties. Over the last 5 years, Houses in Mentone have seen a 1.75% increase in median value, while Units have seen a 0.47% increase. As at 30 June 2026:
- The median value for Houses in Mentone is $1,463,721 while the median value for Units is $696,957.
- Houses have a median rent of $815 while Units have a median rent of $555.
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