68-69 Beach Road Mentone VIC 3194

UNDER OFFER

A once in a lifetime opportunity to secure your dream bayside lifestyle has become available at 68-69 Beach Road, Mentone.

With stunning panoramic views over Beaumaris Bay, Mentone Life Saving Club and all the way down the peninsula to Port Philip Heads, this spacious 3-bedroom apartment sits atop two fully leased commercial shops which provide secure rental income.

Key features include:

THE OFFERING
* Two leased shops and a whole floor apartment - all on one title
* Fully leased income estimated at $170,000 per annum (approx.)
* Commercial 1 zoned site totaling 667sqm*
* Opportunity to further development rear land (STCA)

THE APARTMENT
* Whole floor apartment with 3 bedrooms and 2 bathrooms
* Large living, kitchen and dining areas
* Terrace with stunning views!
* Garage plus double carport/single garage
* Would be an amazing Airbnb opportunity!

THE COMMERCIAL
* Renewed five (5) year lease to well-established cafe, Chain of Fools
* Secure lease to leading bayside architect, Kiril Architects
* Total commercial rental income of $121,700 per annum (approx.)

This is a unique opportunity to occupy and collect rental income, all while enjoying the dream bayside lifestyle!

For further details or to arrange an inspection please contact:

James Glen 0401 493 277

DISCLAIMER:

* All information and measurements are approximates. Please refer to Contract of Sale and/or Lease documentation. All images subject to copyright.

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