38-44 Southern RoadMentone VIC 3194
Property Details for 38-44 Southern Rd, Mentone
Last Listing description (October 2023)
CBRE is pleased to offer 38-44 Southern Road, Mentone, for sale via Expressions of Interest closing Thursday 12th October 2023 at 4pm AEDT.
The site is located in the heart of Mentone where we have seen significant commercial, residential and industrial development. The property is adjacent to Moorabbin Airport Australia's second busiest airfield - and Goodman's Chifley Business Park, which is home to countless major occupiers including Spectrum Brands, EWE Group, Transtar, and McCormick Foods.
Mentone is a significantly land constrained precinct with limited opportunity to acquire freehold opportunities given its proximity to surrounding amenities, major arterials and employment catchments. The site offers excellent access to Nepean Highway, Centre Dandenong Road, Boundary Road and Lower Dandenong Road.
The Industrial 1 zoning will cater for owner occupiers seeking a last mile location or developers looking to capitalise on the E-commerce boom and build small strata office/warehouses.
Property features include:
+ 15,547sqm* total land area
+ 6,500sqm* office/warehouse
+ Tightly held, situated in a land constrained precinct
+ Value add flexibility via refurbishment or future redevelopment (STCA)
+ High underlying land value, fuelled by strong rental growth and limited availability of land
+ Zoned Industrial 1
+ Excellent access to surrounding major road networks
+ Offered with vacant possession
FOR SALE VIA EXPRESSION OF INTEREST CLOSING THURSDAY 12TH OCTOBER 2023 AT 4PM (AEDT).
For further information, please contact the exclusively listed CBRE agents.
approx*
Property History for 38-44 Southern Rd, Mentone, VIC 3194
- 04 Jul 2025Sold for $13,000,000
- 12 Sep 2023Listed for Sale Contact Agent
- 17 Mar 1998Sold for $1,280,000
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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