Mentone

Mentone, the small coastal suburb south east of Melbourne, was first known by European settlers as Dover Slopes.

It was&nbsp;was a swampy coastal district south of Cheltenham when pastoralist Alexander Balcombe leased land as a resting place for his cattle en route to Melbourne markets from his property near Mount Martha.

The suburb's name is believed to have been derived from the Italian town of Menton, although some sources suggest it may have been named after a local property owner's daughter.

By the late 19th century, <a href="https://www.urban.com.au/new-townhouses/mentone-vic">Mentone</a> had gained a reputation as a popular beachside resort destination. Its sandy shores, framed by striking red cliffs, attracted Melburnians seeking seaside relaxation. Several grand hotels and guesthouses were constructed during this era to accommodate the growing number of visitors.

Boutique property developer <a href="https://www.urban.com.au/developers/sloane-property">Sloane</a>, well-known for creating architecturally-striking townhouses in Melbourne's Bayside, set its sights on the small suburb for their next townhouse development, <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred Mentone</a>.

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Nestled in the serene surroundings of beaches and parks, architects Megowan have designed <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a> to fit into its locale. The result is a boutique collection of bayside homes that&nbsp;promise residents an unparalleled coastal lifestyle with a dash of urban sophistication.

There's just 10 townhouses in <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a>, each with three bedrooms, and a handful with rooftop decks which take in views over the suburb.

While the architecture is something Mentone hasn't seen before, the location of <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a> is an equal unique selling point. <a href="https://www.urban.com.au/new-townhouses/mentone-vic">Mentone</a> Beach is just a few streets away, where Mentone's red cliffs cascade to meet the sand and the waves.

For those who embrace an active lifestyle, Mentone Beach offers an array of possibilities, with beachside walks and cycle tracks or the opportunity to kayak or swim in the undulating bay waters. For those seeking tranquility, Mentone Racecourse Reserve offers nature within minutes, while a reserve right across from <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a>, with an oval, playground and a garden, becomes your own backyard.

Read more:&nbsp;<a href="https://www.urban.com.au/news/vic/sloane-launch-one-of-a-kind-townhouse-development-in-melbournes-mentone-bayside">Sloane launch 'one of a kind' townhouse development in Melbourne's Mentone Bayside</a>

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Furry friends are also not forgotten, with the suburb boasting an array of dog parks and pet-friendly beach areas.&nbsp;

Apart from the beach activities, the locale offers access to world-class golf courses, including some of Melbourne's prestigious Sandbelt courses.

For those who prefer a more leisurely pursuit, <a href="https://www.urban.com.au/new-townhouses/mentone-vic">Mentone</a> Parade is the local strip, with a rich history dating back to the late 19th century. Here, residents can explore a variety of eateries and places of interest.&nbsp;Experience the joie de vivre of real French cakes and pastries at Noir Patisserie, or&nbsp;savour casual eats at Huff Bagelry. The Corner Store offers panoramic views of the street, while when pizza cravings come beckoning, Sunnyside Sliced is waiting.&nbsp;

Less than a 10-minute drive away is Westfield Southland, offering a plentiful shopping experience. From luxurious cosmetics and stylish fashion to essential amenities, fresh food, restaurants, and cinemas, it has everything residents may need.

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Over the years, <a href="https://www.urban.com.au/new-townhouses/mentone-vic">Mentone</a> has become known for its educational institutions. Mentone Grammar, founded in 1923, and Mentone Girls' Grammar, established in 1899, are prominent schools that have contributed to the suburb's reputation as a family-friendly community.

Within a short distance from <a href="https://www.urban.com.au/new-townhouses/kindred-mentone-brindisi-street-mentone">Kindred</a>, residents will also find Mentone Primary School, as well as&nbsp;well-regarded secondary schools Kilbreda College and St Bede's College.

Located just over 20-kilometres from Melbourne's CBD, the suburb is well-connected to the CBD by road and public transportation. Serviced with it's own train station, Mentone residents can reach the city centre in around 30 minutes, while several bus links also service the area.&nbsp;

For those commuting by car, the&nbsp;Nepean Highway also runs through the suburb, meaning residents have direct access to nearby areas, the CBD and other parts of Melbourne with ease.&nbsp;

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Boutique property developer Sloane, well-known for creating architecturally-striking townhouses in Melbourne's Bayside, set its sights on the small suburb for their next townhouse development, Kindred Mentone

Urban Editorial

The coastal charm of Mentone: Where lifestyle meets location

Eva is the latest work out of renowned Bayside collaborators, Shenfield Property and Brayshaw Architects.

The boutique collection, with interiors designed by Aldona Pajdak, are ideally positioned in the heart of Mentone.

Eva is a combination of two bedroom apartments and three bedroom townhomes, created with meticulous spacial design highlighted by quality finishes and fittings.

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Appointed with a range of quality appliances and stylish kitchen and bathroom fittings, Eva Mentone represents exceptionally sophisticated living at its finest, offering a range of appealing living options, set within a location offering the benefits of a bayside location with urban convenience.

One of Melbourne’s most sought-after bayside suburbs, Mentone’s draw card is its picturesque beaches and extensive foreshore walking and bike paths for year round recreation.

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Eva is located on one of Mentone’s most prominent streets, Balcombe Road, which runs all the way to the beach.&nbsp;The apartments and townhomes all feature private outdoor spaces, fully landscaped with a selection of greenery that contrasts against and softens the external stonework, creating harmonious surrounds.

A broad selection of cafes, restaurants and grocers will satisfy culinary desires, while a great mix of boutique shopping and essential services are available along the main strip. All a short walk or drive away.

Eva is surrounded by a number of respected educational facilities including Kilbreda College, Mentone Grammar and Mentone Girls’ Grammar.

Comprising just 13 residences, Eva is expected to be completed in late 2022.

Eva is located on one of Mentone’s most prominent streets, Balcombe Road, which runs all the way to the beach

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Shenfield Property's latest apartment and townhouse development Eva set to launch in Mentone

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A commercial property occupied for many years as the local Westpac Bank at 115 Mentone Parade in Mentone has been sold in a transaction negotiated by agents Gray Johnson with a sale at circa $2.1 million.
The two level property has been purchased by a local general practitioner for his own occupancy.
The property was occupied for many years as a Westpac Bank. 
It has a former banking chamber at street level and an executive office above and has been leased for many years by Westpac.
Recently vacated by the bank their lease remains in place until December this year at a current annual rental rate of $116, 186 net plus GST.
The freehold property occupies a central position in the Mentone Parade shopping strip and abuts a Coles Supermarket.
With a street frontage of 9.2 metres the property also benefits from rear laneway access providing on the property car parking for six vehicles.
The site area is 495 sqm on which the building area is 325 square metres inclusive of the executive office area of 72 sqm on the first floor level.
Gray Johnson selling agent Rory White says the property with its very central location and street presence was marketed as ideal for a multitude of user and occupier potentials from retail to professional services.
 “On one side the neighbour is a prominent retail butchery while on the other side is the local Hocking Stuart real estate office.
“The purchaser will benefit from the remainder of the Westpac lease rental term while the settlement is on a ninety day basis.” Mr White says.
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Former Westpac Bank Branch sold to local Medico in Mentone

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A standalone Coles supermarket, in the bayside suburb of Mentone, has sold on the tightest Victorian yield of 2019.
Located at 81 Mentone Parade, the recently refurbished property comprises a freestanding 2,854 square metre supermarket, with access to just over 150 council car spaces.
The standalone Coles supermarket sold for $15.3 million on a 3.4 per cent yield, the best vendor yield since Coles Clayton sold on a 2.57 per cent yield in March 2018.
The property was sold under a 10 year lease from January 2017, with a further 10 year option, to Coles at a current rental of $519,785 per annum net.
CBRE Director Mark Wizel, who managed the sale campaign with Justin Dowers and Joseph Du Rieu, said enquiry had been `through the roof’ with two Chinese investors - one the eventual purchaser - flying in for the auction.
Mr Wizel said the last three bidders – all Chinese – who took the bidding from $12 million to the close, were introduced through CBRE’s Asian Services Desk headed by Lewis Tong.
"This year we have seen yields hover around 5.5 per cent following an average closer to 4.5 per cent over 2018 but this result unambiguously indicates demand for this product remains very strong,’’ Mr Wizel said.
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Coles Mentone sold on tightest Victorian yield of 2019

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The KFC in Mentone, south-east of Melbourne, has been listed for sale.
The property at <a href="http://commercialpropertysearch.savills.com.au/2a91c294-1680-e911-80db-005056813885/Sale/Mentone/157-159-Nepean-Hwy" target="_blank">157-159 Nepean Highway</a>, 21 kilometres from the Melbourne CBD, last sold under the hammer at an auction event at the Crown Casino in 2013.
It was pushed to $3,505,000 by two Asian investors after bidding opened at $2.8 million.
The rental income has increased since its sale six years ago when it sold on a gross yield of around 6.5% based on rent of around $227,167 per annum.
Now it is being offered, on a 12 year term with options extending to 2043, with a return of $262,836 per annum.
Over 57,000 cars pass the 2,360 sqm site daily that is zoned Commercial 1. There are 35 on site car parking spaces.
When it traded in 2013 it had had a $350,000 upgrade.
Savills agents Benson Zhou, Yvonne Zhou and Julian Heatherich are marketing the property that has been home to KFC for around 25 years.
 
 
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KFC Mentone up for sale

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A Mentone apartment block is set to go under the hammer.
The 320 square metre 39 Venice Street property has a two level building comprising of six apartments.
There are a couple of two bedroom apartments and four single bedroom units and the building is fully leased.
It also has a communal laundry and on-site parking including one lock up garage.
It is located within easy walking distance of Mentone Village shops which includes Coles, Woolworths, banks, and cafes, and transport including Mentone railway station and buses.
Zoned General Residential 3 under the City of Kingston Planning Scheme, the 651 square metre site covers two titles and has 20 metres frontage to Venice Street and nearly 35 metres to Cremona Street.
The property will be sold subject to month to month leases returning a passing rental of $96,072 per annum.
According to marketing agent, Teska Carson Director, George Takis, the property offers an exceptional location for an apartment investment with strong rental upside and the potential for refurbishment to maximise rental returns. 
“The property presents well in a location which is just what you would look for as an apartment site with excellent access to everything,” Takis said.  
“We believe the apartment rentals are currently below market rates and as such offer immediate potential for rental income growth. Most of the tenants have been long term with few if any rental increases for many years.
“This is a region which will continue to benefit from ongoing demand for housing, and particularly apartment living, and so the growth prospects for apartment investors would appear to be very good.”
The property will be auctioned on Wednesday, May 22, at 1pm on site. 
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