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135 Lower Dandenong Rd 968 SF Retail Condo Unit in Mentone, VIC 3194
Executive Summary
This well-maintained multifamily residential asset offers a collection of thoughtfully designed units within an established community setting. Each residence is configured to deliver comfort and functionality, with layouts that balance open living spaces, modern kitchens, and private bedrooms. Selected units may feature updated interiors, balconies, or in-unit laundry facilities, enhancing convenience and tenant appeal. The property includes shared amenities such as landscaped common areas and on-site parking, fostering a sense of community while supporting tenant lifestyle needs. Secure access and professional management contribute to ongoing stability and ease of operation.
1 Unit Available
Unit 2
| Unit Size | 968 SF | No. Parking Spaces | 1 |
| Condo Use | Retail | APN/Parcel ID | 1\PS635888 |
| Sale Type | Investment |
| Unit Size | 968 SF |
| Condo Use | Retail |
| Sale Type | Investment |
| No. Parking Spaces | 1 |
| APN/Parcel ID | 1\PS635888 |
Description
This well-presented retail space offers an efficient 90 sqm floor plan enhanced by excellent natural light and practical features. Designed for ease of use, the property includes convenient rear access and secure on-site parking, making it an attractive choice for businesses seeking a functional and highly visible location along Lower Dandenong Road. The layout allows for a range of retail or service-based uses, delivering flexibility to suit various operators. Positioned within a well-established retail strip, the property benefits from strong local amenity and easy access to major arterials, ensuring convenience for both staff and customers.
Sale Notes
Secure an entry-level commercial investment with long-term potential in Melbourne’s sought-after Bayside corridor. Located at 2/135 Lower Dandenong Road, this 90 sqm retail property is leased to an established tenant on a new 3-year agreement with one further 3-year option, returning approximately $24,500 net per annum.
The property offers strong investment fundamentals, including excellent street frontage, abundant natural light, rear access, and secure onsite parking. Situated in a vibrant local precinct with proximity to major arterials, the location delivers ongoing appeal for both tenants and future owner-occupiers. Ideal for SMSF buyers, investors, or those planning to occupy in the future, this asset represents a rare opportunity to combine immediate rental income with long-term flexibility in a tightly held retail market.
+1 More
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Property Facts
| Total Building Size | 29,493 SF | Floors | 3 |
| Property Type | Multifamily (Condo) | Typical Floor Size | 9,827 SF |
| Property Subtype | Apartment | Lot Size | 0.37 AC |
| Building Class | C |
| Total Building Size | 29,493 SF |
| Property Type | Multifamily (Condo) |
| Property Subtype | Apartment |
| Building Class | C |
| Floors | 3 |
| Typical Floor Size | 9,827 SF |
| Lot Size | 0.37 AC |
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135 Lower Dandenong Rd
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