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For Sale

121-123 Mentone Parade,
Mentone 3194, Victoria

568m² land size
568m² building size
Commercial Farming

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Property Price Statement

Property details

Fully Leased Beachside Freehold Investment - Prime Mentone Village Location

An exceptional opportunity to secure a substantial two-level commercial freehold in the heart of tightly held Mentone Village, just moments from the beach and key retail amenity. Recently modernised with upgraded interiors, new lighting, and brand-new air conditioning units, this impressive property combines long-standing tenancy security with strong investment fundamentals.

The property has been home to the iconic La Porchetta business for three decades, serving local families and delivering a dependable income stream.

Investment Highlights:
• 5 + 5 + 5 year lease commenced 1/5/2025
• Current rental return: $87,546 PA ex GST
• Fixed 4% annual increases
• Established tenant with 30-year trading history at this location
• Land area: 568sqm
• Building area: 637sqm over two levels
• Zoning: Activity Centre Zone - Schedule 2

Prime Beachside Village Position

Strategically positioned within the tightly held Mentone Village, the property benefits from exceptional exposure and foot traffic. It is located approximately 100m* from Mentone railway station and within immediate walking distance to major retailers including Coles Supermarkets, Woolworths Supermarkets, and Chemist Warehouse.

The property enjoys prominent retail exposure in a high-traffic precinct, further enhanced by rear service lane access and a flexible upper level offering future value-add potential (STCA).

This is a rare opportunity to secure a proven, income-producing beachside investment in one of Melbourne's most tightly held village retail precincts.


PLEASE NOTE:
*Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
* Photo ID required at all open for inspections

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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School catchments

  • Mentone Primary School Primary Prep-6 Government 0.29km
  • St Patrick's School Primary Prep-6 Catholic 0.48km
  • Mentone Grammar School Combined Prep-12 Independent 0.59km
  • Mentone Girls' Grammar School Combined Prep-12 Independent 0.69km
  • Mentone Park Primary School Primary Prep-6 Government 1.6km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

Find out how much home loan repayments will be

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Loan Market Pty Ltd | Australian Credit Licence 390222. All interest rates stated must include "p.a." and the relevant Comparison Rate in full.

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