14 Balcombe Road Mentone VIC 3194

Tsimos Commercial is delighted to offer this premium freehold investment that has been immaculately renovated and presented with two fantastic tenants, with one being a national tenant.
14 Balcombe Road Mentone, is being offered for sale via an expression of interest sale campaign, closing Wednesday 2nd April @ 3pm.

After undergoing a meticulous refurbishment, this property brings Richmond architectural vibe into Mentone; capitalise on passive income, and future upside or development potential in years to come (STCA).

Wonderfully positioned around growing Mentone development and the new Mentone train station, primary and secondary schools, recreation and health facilities, supermarkets, cafes and restaurants.

This is a one of a kind property with great tenants, masterfully designed and executed with brilliance, an inspection is a must!

Property Features:
Total building area: 291sqm*
Land area: 276sqm*
Stunning renovation through-out
Multiple Tenancies
Long leases in place - recently renewed
Zoned Commercial 2
Future potential development (STCA)

Tenancy Information:
Ground Floor
Leased to nationally recognised De Lorenzo Hair Academy
Recently renewed 5 year lease
Current total income: $68,655pa + GST
Stylish and immaculate fit out

First floor: Office Tenancy
Artisan Digital Pty Ltd
Recently signed new 2 year lease
Further 1 year option
$26,398pa Net + outgoings + GST
Modern and light filled with additional balcony area

Level 1 Rear: Storage unit
$3,900 Gross Lease
Monthly Tenancy

Expression of interests closing Wednesday 2nd of April @ 3pm

Open for inspections:
Wednesday 5th March at 11:00 - 11:30am
Wednesday 12th March at 11:00 - 11:30am

For further information or to arrange a privatw inspection, please contact the exclusive selling agents.
Andrew Pannam 0433 518 555
Matt Brown 0418 599 486