90 Nepean HighwayMentone VIC 3194
Property Details for 90 Nepean Hwy, Mentone
Last Listing description (March 2023)
Burgess Rawson is pleased to offer to the market Recharge 90 for sale via our Auction Investment Portfolio 159
The property has the following investment highlights:
+ Brand New 10 year net lease to February 2033 plus options to 2043
+ Fixed 3% annual rent increases, ensuring rental growth
+ Investor preferred net lease terms with tenant paying all usual outgoings
+ Large 90sqm* corner retail premises with 1 secure car space on-title
+ Strategic location with dual frontage and exposure to Nepean Highway with 57,000 vehicles passing daily**
+ Surrounded by important public infrastructure including Mentone Railway station, Moorabbin Airport and within close proximity of national retailers Woolworths, Coles, ALDI, Officeworks, Bunnings, Supercheap Auto, Petbarn, Rebel and more
+ Complemented by 20 schools within 3 kilometres* servicing 13,373 full-time students**
+ Mentone: affluent Bayside suburb with a median house price of $1,450,000***
+ Net Income: $27,000 pa*
To be sold by Investment Portfolio Auction
10:30am AEDT Wednesday 29th March 2023
Crown Casino, River Rooms, Melbourne
*Approx
**GapMaps
******
Property History for 90 Nepean Hwy, Mentone, VIC 3194
- 29 Mar 2023Sold for $558,000
- 02 Mar 2023Listed for Sale Price on Request
- 27 Apr 2022Listed for Sale Contact Agent
Recent sales nearby
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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 8,011 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.
Suburb Insights for Mentone 3194
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