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14 Balcombe Road, Mentone

IMPRESSIVE FREEHOLD INVESTMENT WITH UPSIDE

Auction: Thursday 26 November 2020 at 1pm on-site.

Teska Carson is pleased to present the opportunity to purchase 14 Balcombe Road, Mentone with the following key attributes:

Exceptionally presented two level commercial building situated within one of Melbourne’s fastest growing Bayside suburbs.

Premium existing 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.

A rectangular site with an underlying land area of 276sqm* and 6 metre frontage to Balcombe Road.

Dual tenancies allowing partial owner occupation or multiple income streams.

Ground floor tenancy securely leased to nationally recognised ‘De Lorenzo Hair Academy’ on a five (5) year lease with a further five (5) year option.

Current total income: $58,509 per annum Net + GST & Outgoings.

Potential fully leased income: $94,000 per annum Net + GST & Outgoings.

Surrounded by some of Melbourne’s elite private schools including St Bedes College and both Mentone Girls and Boys Grammar School.

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

Well serviced by an abundance of public transport amenities such as newly completed Mentone Railway Station and bus routes 708, 825 and 903.

LUKE BISSET 0400 344 211
MICHAEL TAYLOR 0419 533 102

* Approx.