111-113 Mentone Parade, Mentone, VIC, 3194

Di Petta Group proudly presents a rare 505sqm bayside landholding* in the heart of Mentone. Currently returning $74,375 p.a. holding income, this prime dual-frontage site offers exceptional 3-4 storey development potential (STCA) - a true blue-chip opportunity not to be missed.

Marvellous Mentone Opportunity - Prime Development Site with Holding Income

For Sale

Di Petta Group presents a rare and versatile opportunity combining secure holding income with exceptional development potential (STCA) in one of Melbourne's most tightly held bayside locations.

Key Highlights:

* Expansive 505sqm landholding* with dual frontage to Mentone Parade + rear council car park

* Activity Centre Zoning (ACZ2): supports 3-4 storey mixed-use developments (STCA)

* Underutilised site (<40% coverage*) - prime development canvas

* Existing improvements: two retail shops (160sqm)* generating $74,375 p.a. + GST*

* Flexible lease profile - new leases commencing 2025 (Butcher & Tobacco Shop)

* Surrounded by premium amenity: Coles, Woolworths, Chemist Warehouse, Aus Post, major banks & eateries

* Opposite Kilbreda College + close to Mentone Grammar, St Bede's & Mentone Girls Grammar

* Excellent connectivity - Mentone Station, Nepean Hwy, Balcombe Rd & Warrigal Rd

Development Potential

With strong precedent set by nearby projects, this site is ideally suited for:

* Boutique apartments or townhouses

* Mixed-use retail + residential

* Medical / allied health facility

* Childcare, community or aged care

Activity Centre Zoning encourages density, diversity and design excellence - making this an outstanding opportunity to create something iconic.

Investment Snapshot:

* Total Rent: $74,375 p.a. + GST

* Tenants: Butcher & Tobacco Shop (longstanding businesses)

* Site Coverage: Less than 40%*

* All written offers presented

Why Mentone?

Mentone blends coastal charm with urban convenience, making it one of Melbourne's most desirable bayside hubs. With elite schools, major infrastructure upgrades, and a thriving retail strip, Mentone continues to attract families, professionals, and downsizers - ensuring strong demand for residential and commercial development.

This is more than a property - it's a legacy opportunity. Secure a strategic bayside landholding with both income today and development upside tomorrow.

For any further information or onsite inspection, please contact the exclusively listed agents At Di Petta Group.

*Approximately

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