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SOLD

115 Mentone Parade, Mentone, VIC, 3194

Properties / Sold / Victoria / Mentone

Development Potential

1. Property Summary

Property Type

Commercial

Sub Type

Office

Land Area

495 m² (*approx)

Selling Method

For Sale: Contact Agent

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2. Property Highlights

BAYSIDE HEADQUARTERS WITH SHORT TERM INCOME

Land area: 495 sqm approx
Building area: 325 sqm approx
Incl first floor office: 72 sqm approx

> Land area: 495 sqm approx
> Building area: 325 sqm approx
> Leased to Westpac Banking Corporation until December 2020
> Rental: $116,186 pa net + GST (As of Dec 2019)
> Dual street frontages – rear carpark
> Includes first floor office of 72 sqm approx
> Strong future development upside (STPA)

This is an exceptional opportunity to purchase a high calibre investment occupied by one of Australia’s leading companies, Westpac Banking Corporation.

Future ability to occupy or value add (STPA) provides flexibility to any astute investor.

The subject property is located on the eastern side of Mentone Parade, between Florence and Brindisi Streets, abutting a large Coles Supermarket.

It is ideally situated in the heart of one of Bayside’s most prominent commercial and retail precincts, Mentone Urban Shopping Village and just 100 metres from Mentone Station.

It is surrounded by high profile national tenants including Coles & Woolworths Supermarkets, NAB, Chemist Warehouse and Australia Post, a large number of trendy cafes, eateries, bars and restaurants are at your fingertips.

Call GrayJohnson today

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