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3 Como Parade West, Mentone, VIC, 3194
Mentone
POINT OF INTEREST:
Mentone’s newest, and only, ice cream shop could be enough to sell itself within any bayside suburb, but this sweet and strategic Freehold asset has plenty more going for it. The prominent location speaks to the thousands of commuters, both foot and car traffic, passing by with 5 metres* of frontage to Mentone’s bustling high street. The crowds also come from Mentone railway station and the bus interchange sitting only metres away from your doorstep, but it’s also attributed to the wildly popular cafes, shops, and local offerings around here. It was missing an ice creamery, which is where the current tenant comes in with a new 3+3+3 year lease in exchange for $38,000 in leasing income per annum. On top of that, the shop itself comes with extra toppings; air conditioning, plenty of storage, wheelchair access, a kitchenette and entry at the rear.
- Leased to Bright Green Fruit Farm Pty Ltd.
- New 3+3+3 year lease commenced July 2024.
- $38,000 in leasing income per annum (increasing to $39,520 per annum in July 2025).
- 64 sqm* total building area.
- 88 sqm* total land area.
- 5 metre* frontage to Mentone’s bustling shopping village.
- ACZ2 - Activity Centre Zone - Schedule 2.
- Metres from Mentone railway station & minutes from the beach.
POINT OF VIEW:
Amongst Kilbreda College, Mentone Grammar, the train and bus stations, and the shopping village — there isn’t a busier strip in Bayside. Invest in an asset that has traffic, exposure, and security scooped up and served in a cone.
*Approx.
Pricing excludes GST
Remember to mention you found this property on CommercialReady
POINT OF INTEREST:
Mentone’s newest, and only, ice cream shop could be enough to sell itself within any bayside suburb, but this sweet and strategic Freehold asset has plenty more going for it. The prominent location speaks to the thousands of commuters, both foot and car traffic, passing by with 5 metres* of frontage to Mentone’s bustling high street. The crowds also come from Mentone railway station and the bus interchange sitting only metres away from your doorstep, but it’s also attributed to the wildly popular cafes, shops, and local offerings around here. It was missing an ice creamery, which is where the current tenant comes in with a new 3+3+3 year lease in exchange for $38,000 in leasing income per annum. On top of that, the shop itself comes with extra toppings; air conditioning, plenty of storage, wheelchair access, a kitchenette and entry at the rear.
- Leased to Bright Green Fruit Farm Pty Ltd.
- New 3+3+3 year lease commenced July 2024.
- $38,000 in leasing income per annum (increasing to $39,520 per annum in July 2025).
- 64 sqm* total building area.
- 88 sqm* total land area.
- 5 metre* frontage to Mentone’s bustling shopping village.
- ACZ2 - Activity Centre Zone - Schedule 2.
- Metres from Mentone railway station & minutes from the beach.
POINT OF VIEW:
Amongst Kilbreda College, Mentone Grammar, the train and bus stations, and the shopping village — there isn’t a busier strip in Bayside. Invest in an asset that has traffic, exposure, and security scooped up and served in a cone.
*Approx.
Pricing excludes GST
Remember to mention you found this property on CommercialReady
3 Como Parade West, 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
