121-123 Mentone Parade Mentone, VIC 3194

An exceptional opportunity to secure a substantial two-level commercial freehold in the heart of tightly held Mentone Village, just moments from the beach and key retail amenity. Recently modernised with upgraded interiors, new lighting, and brand-new air conditioning units, this impressive property combines long-standing tenancy security with strong investment fundamentals.

The property has been home to the iconic La Porchetta business for three decades, serving local families and delivering a dependable income stream.

Investment Highlights:

• 5 + 5 + 5 year lease commenced 1/5/2025
• Current rental return: $87,546 PA ex GST
• Fixed 4% annual increases
• Established tenant with 30-year trading history at this location
• Land area: 568sqm
• Building area: 637sqm over two levels
• Zoning: Activity Centre Zone - Schedule 2

Prime Beachside Village Position

Strategically positioned within the tightly held Mentone Village, the property benefits from exceptional exposure and foot traffic. It is located approximately 100m* from Mentone railway station and within immediate walking distance to major retailers including Coles Supermarkets, Woolworths Supermarkets, and Chemist Warehouse.

The property enjoys prominent retail exposure in a high-traffic precinct, further enhanced by rear service lane access and a flexible upper level offering future value-add potential (STCA).

This is a rare opportunity to secure a proven, income-producing beachside investment in one of Melbourne's most tightly held village retail precincts.

PLEASE NOTE:

• Every precaution has been taken to establish the accuracy of the above information but does not constitute any representation by the vendor or agent.
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