165-169 Nepean Highway, MENTONE, VIC 3194
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Property Highlights

  • Permit approved for 8 level development
  • 5 titles residing on 7,315sqm* of land
  • Adjoining Thrift Park Shopping Centre

Gross Waddell ICR and Vinci Carbone are pleased to offer one of Melbourne’s most prolific suburban development opportunities at 165-169 Nepean Highway, Mentone. Permit approval for a momentous development, this mixed-use development is surrounded by a plethora of lifestyle amenity in one of Melbourne’s most idyllic beachside suburbs.

• Permit approved with plans for 244 apartments and extensive retail including supermarket, liquor, medical and café

• Substantial development envelope offering more than 20,000 sqm* of NSA

• Favourable Commercial 1 Zoning (C1Z) and consisting of 5 individual titles on 7,315 sqm* of land

• Cutting edge design by the highly acclaimed Hayball architects

• Ability to stage the development or convert the envelope to build-to-rent, commercial or other alternate uses (STCA)

• Directly adjoining Thrift Park Shopping Centre which houses a thriving Woolworths and specialties retailers

• Mentone beach offers pristine blue waters and stretches close to 4 km* to Mordialloc pier

• A bustling local community which houses an array of large format retail, flourishing cafes, restaurants, and bars

• The immediate surrounds comprise of numerous high profile private and public schools including Mentone Grammar, St Bede’s College, Kilbreda College and Parkdale Secondary College

• Mentone boasts a burgeoning median house price of $1,580,000 with a 58% price growth since Q2 2019 (source REIV)

For further information or to discuss the opportunity in detail, please contact Vinci Carbone or Gross Waddell ICR directly.


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