117-119 Mentone Parade Mentone VIC 3194

Shop & Retail
230 m²
Sold

HIGH QUALITY FREEHOLD INVESTMENT

New 5 x 5 year lease expiring 2028
Net income of $80,310.88* p.a.
4% fixed annual increases

Knight Frank are delighted to offer for sale this securely leased prime retail investment in one of Melbournes most tightly held precincts.

The premises consists of 176sqm* of lettable area on the ground floor with an additional 54sqm* on the first floor with the Tenant being operational on this site for over 12 years.

The strip enjoys the benefit of being within close proximity to Mentone Train Station with neighbouring national tenants such as Westpac, Commonwealth Bank, NAB, Woolworths and Coles.

Secure lease to Hocking Stuart Real Estate
New 5 x 5 year lease expiring 2028
Net income of $80,310.88* p.a.
4% fixed annual increases
Building area of 230sqm
Flexible commercial 1 Zoning
Long term tenant

For further information please contact the exclusive agents below.

Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	12 Feb 2020
Floor Area	230 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2015533881
Category	Shop & Retail Offices
Last updated	13 Feb 2020

Map for 117-119 Mentone Parade Mentone VIC 3194

Nearest transport* to 117-119 Mentone Parade Mentone VIC 3194

Bus

Train

Tram

Ferry

Mentone Station/Como Pde (Mentone)	133 m
Mentone Station/Como Pde (Mentone)	139 m
Mentone Reserve/Mentone Pde (Mentone)	151 m
Kilbreda College/Como Pde (Mentone)	166 m

*Within a 4km radius

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Knight Frank Eastern Office

Level 3, 10 Nexus Court

Mulgrave, VIC 3170

Property Highlights

Date Sold	12 Feb 2020
Floor Area	230 m²
Land Area	Ask Agent
Parking	Ask Agent
Property ID	2015533881
Category	Shop & Retail Offices
Last updated	13 Feb 2020

Listed by

Paul Lillis

Knight Frank Eastern Office

Call

+61402 381 399

More about 117-119 Mentone Parade Mentone VIC 3194

117-119 Mentone Parade Mentone VIC 3194 is categorized as Shop & Retail Property. It has a floor area of 230 m². The listing ID for this property is 2015533881.