118 Balcombe Rd 1,615 SF Retail Building Mentone, VIC 3194 $796,070 ($493.05/SF)

Situated in the heart of Mentone’s bustling Activity Centre, this rare retail freehold offers exceptional versatility and potential for those seeking a high-performing investment or owner-occupation scenario. Spanning approximately 150 sqm of building area on a 255 sqm land parcel, this property sits within a tightly held retail corridor on Balcombe Road and minutes away from Woolworths, surrounded by established cafes and key retail operators. The location offers heavy pedestrian traffic and strong local trade dynamics, bolstered by its immediate proximity to Mentone Train Station.
Benefiting from Activity Centre Zoning, the property presents scope for future enhancement, including upper-level development potential (STCA) to capitalize on the area’s high-density growth and zoning allowances. The site includes convenient rear laneway access and provisions for up to four car spaces on-site, catering to staff or client parking needs. With an expected rental return exceeding $40,000 plus outgoings per annum, the asset exemplifies both current income appeal and long-term capital growth prospects.
This opportunity suits investors, builders, developers, or growing businesses seeking exposure and flexibility in a blue-chip suburban retail hub.