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Crabtrees Real Estate - Melbourne

140 Balcombe Road Mentone, VIC 3194

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140 Balcombe Road,
Mentone, VIC 3194

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Crabtrees Real Estate - Melbourne
Saul Akoka
Chris McKenzie

Crabtrees Real Estate - Melbourne

1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166
Crabtrees Real Estate - Melbourne
140 Balcombe Road
Mentone, VIC 3194

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A SPICY INVESTMENT

  • RETURNING $39,193 PER ANNUM
  • FIXED 3.5% ANNUAL INCREASES
  • SUBSTANTIAL LAND HOLDING
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!

Property ID: 504073219Last Updated: 20 Jun 2024

Crabtrees Real Estate - Melbourne
1/11-15 Smeaton Avenue Dandenong South & 20-22 Atherton Road
OAKLEIGH, VIC 3166

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