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125 Mentone Parade
Mentone VIC 3194
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Sold on 28 Apr 2022

125 Mentone Parade Mentone VIC 3194

  • Shop & Retail
  • 180 m²
  • Sold

A FULLY LEASED MENTONE VILLAGE FREEHOLD LEASED TO POPULAR TENANT

  • 5 + 5 + 5 year lease to popular café
  • Tightly held Mentone Village location
  • First time offered for sale in 28 years

+A central Mentone Village freehold retail investment offered fully leased to popular and high trading café 'White Bricks' with upstairs residence and rear courtyard and service lane access

+Tightly held and lucrative Mentone Village retail centre in direct proximity to Mentone Train Station (100m*) and immediate walking distance to Coles Supermarket (100m*)

Recently renewed 5 + 5 + 5 year lease (March '22) returning a net income of $42,730 with fixed 4% annual increases

+High quality ground floor retail fit out as well benefitting from substantial outdoor seating permit, commercial kitchen, rear courtyard, rear service lane access and upstairs residence providing excellent scope for further expansion of existing retail floor area

+Irreplaceable Mentone Village location located within 100m* walking distance of Mentone Train Station and strategically in between Coles, Woolworths and Chemist Warehouse with prominent retail exposure right near the corner of Florence Street

*Approx

For further information please contact the exclusive sales and marketing agents at CBRE:

Alex Brierley
+61 447 974 447
alex.brierley@cbre.com.au

Nathan Mufale
+61 421 224 354
nathan.mufale@cbre.com.au

Jing Jun (JJ) Heng
+61 411 059 116
jj.heng@cbre.com.au

Property Highlights

Date Sold28 Apr 2022
Floor Area180 m²
Land Area162 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017691577
Category
Last updated  29 Apr 2022
Map for 125 Mentone Parade Mentone VIC 3194

Property Highlights

Date Sold28 Apr 2022
Floor Area180 m²
Land Area162 m²
ParkingOn site parking available
Building TypeWhole building
Property ID2017691577
Category
Last updated  29 Apr 2022
Level 34, 8 Exhibition Street Melbourne VIC 3000

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