![]() Asset Class: | Retail |
![]() Price: | $ 1025000 |
![]() Net Yield: | 6.00 % |
![]() Net Yield - including solar strategy: | % |
![]() Property Market Status: | Pre Market |
<span style="color:rgb(0, 0, 0);">Positioned in the heart of Mentone’s most sought-after mixed-use precinct, the property at G01/9 Balcombe Road offers an unparalleled investment opportunity. This premium retail space is located within the striking 'Archer' building, a modern development featuring 87 residential apartments above, ensuring consistent foot traffic from local residents and surrounding complexes.</span><br><br><span style="color:rgb(0, 0, 0);">With a prime corner frontage and prominent exposure to the bustling Nepean Highway and Warrigal Road intersection, the property benefits from an impressive 60,000 vehicles passing daily. Additionally, its strategic location within a strong trade catchment of 61,000 residents within a 3-kilometer radius underscores its investment appeal. Just 600 meters from the Mentone Train Station and 1.5 kilometers from the pristine Mentone Beach, this property offers exceptional accessibility and proximity to key amenities.</span><br><br><span style="color:rgb(0, 0, 0);">Currently leased to KX Pilates, a globally recognized fitness brand, the property generates $64,896 per annum with fixed annual rental increases of 4%. With its secure 5 x 5-year lease, the tenant covers all outgoings, ensuring a stable and hassle-free investment. Mentone’s vibrant retail scene, renowned educational institutions, and its blend of coastal charm and urban convenience make this property an ideal addition to any investor's portfolio.</span>
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<p style=""><span style="color:rgb(0, 0, 0);"><b>Mentone</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">Mentone, a picturesque bayside suburb located approximately 21 kilometers southeast of Melbourne’s CBD, is renowned for its blend of coastal charm and urban convenience. With a median house price of approximately $1.6 million, Mentone has experienced steady growth, reflecting its strong appeal to families, professionals, and investors alike. The suburb's well-connected transport network, including the Nepean Highway and Mentone Train Station on the Frankston line, ensures seamless access to the city and surrounding areas.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Situated in the heart of Mentone’s most desirable mixed-use precinct, the property at G01/9 Balcombe Road commands arguably the most prominent corner in the immediate area. Located just 600 meters from Mentone Train Station, it offers quick access to arterial roads and essential services. Boasting prominent frontage and exposure to the Nepean Highway and Warrigal Road intersection, the site benefits from an average of 60,000 vehicles passing daily. The property is further enhanced by a strong trade catchment, with a total population of 61,000 within a 3-kilometer radius.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">The 'Archer' building, home to this asset, is a premium mixed-use development that benefits from exceptional visibility and proximity to Mentone’s best amenities. It consists of 87 residential apartments above and is complemented by several surrounding residential complexes, ensuring a steady stream of local business traffic. Mentone’s vibrant retail precinct along Balcombe Road and its proximity to major shopping hubs like Thrift Park Shopping Centre and DFO Moorabbin make it a hub for dining, retail, and lifestyle activities.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">Mentone’s natural beauty is exemplified by its pristine beaches, such as Mentone Beach, which attract locals and tourists alike for recreation and relaxation. The suburb’s reputation for education excellence, with prestigious schools such as Mentone Grammar, Mentone Girls’ Grammar, and St. Bede’s College, continues to draw families to the area. Supported by an ever-growing population base, high traffic exposure, and key infrastructure developments, Mentone offers significant long-term growth potential, making it a standout location for property investment.</span></p>
Additional Location Information File<p style=""><span style="color:rgb(0, 0, 0);"><b>KX Pilates</b></span></p><p style=""><span style="color:rgb(0, 0, 0);">KX Pilates is a premium fitness brand renowned for its innovative, high-performance workout method that combines elements of traditional reformer Pilates with modern techniques to deliver a full-body, time-efficient workout. Founded in 2010 in Melbourne, Australia, KX Pilates has since expanded to over 80 studios worldwide, with locations in Australia, New Zealand, the UK, Singapore, and Malaysia, catering to a loyal and diverse clientele.</span></p><br><p style=""><span style="color:rgb(0, 0, 0);">KX Pilates studios typically operate with a sleek, modern design and provide small group classes to ensure personalized attention and quality instruction. Their business model focuses on delivering accessible, 50-minute classes that fit into the busy schedules of urban professionals, fitness enthusiasts, and health-conscious individuals, currently hosting 50 classes per week. KX Pilates’ proven track record, national presence, and established reputation in the fitness industry make it a stable and attractive tenant for property investors.</span></p>
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9 Balcombe Rd, Mentone $ 64,896 150 $ 433psqm 14 Balcombe Road, Mentone $ 68,655 136 $ 505psqm 3 Como Parade West, Mentone $ 38,000 64 $ 594psqm 132 Balcombe Road, Mentone $ 34,194 90 $ 380psqm 215A Chesterville Rd, Moorabbin $ 43,179 64 $ 675psqm 43 Genoa St, Moorabbin $ 65,147 119 $ 547psqm 45 Genoa St, Moorabbin $ 55,216 100 $ 552psqm 47 Genoa St, Moorabbin $ 25,000 50 $ 500psqm 49 Genoa St, Moorabbin $ 58,349 123 $ 474psqm 13 Spring Road, Highett $ 52,000 121 $ 430psqm
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<br><ul style="list-style-type:disc;list-style-position:inside;padding-inline-start:20px;"><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Secure 5 x 5 year lease to proven operator trading as KX Pilates</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Returning $64,896 per annum plus GST </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Fixed annual 4% rental increases </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Tenant pays all usual outgoings </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">3 Month rent security deposit </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Well-presented building of 150m2 with an expansive corner frontage </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Positioned in the ground floor of attractive ‘Archer’ building, 21kms east from Melbourne CBD </span></p></li><li style="list-style-image:none;color:rgb(0, 0, 0);"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">Prominent frontage and exposure to the Nepean Highway and Warrigal Road intersection, with an average of 60,000 vehicles passing daily. Strong trade catchment with a total population of 61,000 within a 3km radius of 9 Balcombe Road. </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">600m from Mentone station</span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">600m from Mentone centre </span></p></li><li style="list-style-image:none;"><p style="display:inline;"><span style="color:rgb(0, 0, 0);font-weight:normal;font-style:normal;">1.5km from Mentone Beach</span></p></li></ul>