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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
Remember to mention you found this property on CommercialReady
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
Remember to mention you found this property on CommercialReady
111-113 Mentone Parade, Mentone, VIC, 3194
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
