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26 Balcombe Road
Mentone VIC 3194
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Sold on 6 Jun 2023

26 Balcombe Road Mentone VIC 3194

  • Shop & Retail
  • 150 m²
  • Sold, $700,000

Prominent Retail - Invest Now Develop Later

    Tsimos Commercial is delighted to offer this prominent retail investment for sale.

    The property is well located just a short walk from Mentone Shopping Precinct and near the corner of Balcombe Rd and Nepean Hwy. The area has many large mixed retail and residential developments.

    Position, securely leased and huge potential to add value in future makes this property tick many boxes.

    Features:
    - Building Area approx. 150m2
    - Land Area approx. 276m2
    - Securely leased to Zen Tara Massage Therapy
    - Current net rental return of $29,419.44 p.a. plus GST
    - Current Lease Term 5 Years expires 17/1/2026
    - No further options
    - Rear Access via laneway and roller door

    For more information please contact Matt Brown 0418 599 486

    Property Highlights

    Date Sold6 Jun 2023
    Sold Price$700,000
    Floor Area150 m²
    Land Area276 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Property ID2018450039
    Category
    Last updated  13 Jun 2023
    Map for 26 Balcombe Road Mentone VIC 3194

    Property Highlights

    Date Sold6 Jun 2023
    Sold Price$700,000
    Floor Area150 m²
    Land Area276 m²
    Parking2 x Onsite parkings
    Building TypeWhole building
    Property ID2018450039
    Category
    Last updated  13 Jun 2023
    1174 Nepean Highway Cheltenham VIC 3192

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