26 Balcombe Road, Mentone, VIC 3194

Retail | Development/Land | Offices

Sold $650,000

  • Property ID: 429235
  • Floor Area: 150m²
  • Land Area: 276m²
Street View
Sold / Leased Results

Name Result Date Floor Land Result Price
Sold 14/06/2023 150m2 276m2 N/A
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

Mentone Suburb Profile
Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Offices $7373 $217 2.95%
Industrial --- $165 ---
Retail $6181 $227 3.68%
This is the average advertised price, rent and yield for Mentone, VIC 3194*
Days on Market
Time between initial ad placement and the listing’s withdrawal

Days on Market data for Retail in VIC for Sale

The spread of Days on Market is summarised into 4 time-bands (or quartiles) for each segment.
Understanding market expectations is skewed towards examining changes in the shortest duration quartile (fastest 25%)

Transactions per Month

* Excludes, where applicable, GST, outgoings and incentives. Values calculated based on the prices advertised by the agencies that list their properties on Commercial Property Guide.
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Property Detail Notes:

  • 3rd Party Content - The information displayed on this page is supplied by registered real estate agents and other third parties. For questions regarding the information that appears here please contact the agent that is listed.
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