14 Balcombe Road, Mentone, VIC 3194

Retail | Offices | Showrooms

For Sale Contact Agent

  • Property ID: 449671
  • Floor Area: 276m²
  • Land Area: 291m²
  • Occupancy: Tenanted
Premium Freehold Investment With Multiple Tenancies

Tsimos Commercial is delighted to offer this Premium and freshly refurbished freehold for sale.

An exceptional opportunity to purchase a property that has been fully renovated with exceptional quality.

This property brings Richmond architectural vibe into Mentone. A one of kind property masterfully designed and executed with Brilliance!

Open plan, fantastic natural light and a unique modern fitout. A Premium Building with high class improvements having recently been meticulously refurbished, providing a total building area of 291sqm* plus three (3) on-site car spaces accessible via R.O.W.

Ground Floor
- Leased to nationally recognised De Lorenzo Hair Academy
- 5 year lease no further options
- Current total income: $68,655 per annum Net + GST & Outgoings.

First Floor Tenancy
- $27,190pa Net + GST + Outgoings
- 2+1 Year lease
- Artisan Digital Pty Ltd

Level 1 Rear
- Storage unit
- $3,900 Gross Lease
- 1+1 year lease

- Total Income 2024: $99,745 per annum Net.
- Income for 2025 is $101,494per annum Net

- Land area of 276sqm*

Close proximity to major arterial routes such as Nepean Highway, Warrigal Road, Beach Road and Lower Dandenong Road.

Walking distance to Newly developed Mentone Train Station and Buses at your door step.

Don't miss this rare opportunity to secure a premium quality renovated premise, with great tenants and strong income that will a great long term investment.

Mentone Suburb Profile

Average Advertised Price
Property Type Price (m²) Rent (m²/p.a.) Yield
Industrial --- $165 ---
Retail $5649 $204 3.60%
Offices $7500 $191 2.54%
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.
Floorplans

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.
LOGIN (Existing Members)
×

REGISTER (New Members)

Already have a CPG account? Login

×
×

×
REGISTER (New Members)
×