Crabtrees Real Estate are excited to offer 140 Balcombe Road, Mentone for sale via Public Auction on Wednesday 15th June at 1.30pm on-site.
This tightly held Mentone Village freehold retail investment is leased to Thai Village Restaurant.
Irreplaceable Mentone Village is located approximately 200 metres from the subject property, home to major national retailers including Woolworths, BWS, National Australia Bank, Commonwealth Bank, Chemist Warehouse and newly upgraded Mentone Railway Station.
Investment Features:
+ Leased to Thai Village Restaurant on a 4 year lease until September 2024 (nil further options)
+ Currently returning $39,193 per annum (net) plus GST
+ Fixed 3.5% annual increases
Property Features:
+ Substantial landholding of 276 sqm*
+ Favourable Activity Centre Zone (ACZ2)
+ Pedestrian crossing directly out the front
+ Rear laneway access
You can now Watch, Bid and Buy online at this auction via the Anywhere Auctions website or app by clicking the link.
https://anywhereauctions.com.au/app/property?propertyId=23468
Crabtrees Real Estate is built on history, reputation and expertise.
We offer a level of knowledge others can't match.
Our team strategically located across the eastern and south eastern corridors of Melbourne are ready to handle your Commercial, Industrial and Retail Property needs today so call or email NOW!
