THE SCOOP ON MENTONE'S MOST STRATEGIC FREEHOLD SHOP.

Sale Details

Sold on 21 Mar 2025 for $740,000

Description

POINT OF INTEREST:

Mentone’s newest, and only, ice cream shop could be enough to sell itself within any bayside suburb, but this sweet and strategic Freehold asset has plenty more going for it. The prominent location speaks to the thousands of commuters, both foot and car traffic, passing by with 5 metres* of frontage to Mentone’s bustling high street. The crowds also come from Mentone railway station and the bus interchange sitting only metres away from your doorstep, but it’s also attributed to the wildly popular cafes, shops, and local offerings around here. It was missing an ice creamery, which is where the current tenant comes in with a new 3+3+3 year lease in exchange for $38,000 in leasing income per annum. On top of that, the shop itself comes with extra toppings; air conditioning, plenty of storage, wheelchair access, a kitchenette and entry at the rear.

- Leased to Bright Green Fruit Farm Pty Ltd.
- New 3+3+3 year lease commenced July 2024.
- $38,000 in leasing income per annum (increasing to $39,520 per annum in July 2025).
- 64 sqm* total building area.
- 88 sqm* total land area.
- 5 metre* frontage to Mentone’s bustling shopping village.
- ACZ2 - Activity Centre Zone - Schedule 2.
- Metres from Mentone railway station & minutes from the beach.

POINT OF VIEW:

Amongst Kilbreda College, Mentone Grammar, the train and bus stations, and the shopping village — there isn’t a busier strip in Bayside. Invest in an asset that has traffic, exposure, and security scooped up and served in a cone.

*Approx.
Pricing excludes GST