1 Albenca Street

Positioned in one of Mentone's most sought-after bayside pockets, this exceptional GRZ5-zoned property presents an outstanding opportunity for developers, investors, builders and families alike. Set on approximately 809sqm with a substantial wide frontage, the possibilities here are endless (STCA). Offering exciting redevelopment, subdivision or luxury new home potential (STCA), this highly desirable allotment is ideally suited to buyers looking to capitalise on the strong demand for quality homes and multi-dwelling developments within this tightly held location. The existing home is currently tenanted, providing immediate rental income while future plans are considered, making it an ideal landbank or investment opportunity. Perfectly positioned within walking distance to Mentone Station, local bus services, parks, cafes, shopping precincts and leading schools, while Mentone Beach is only moments away, delivering the ultimate bayside lifestyle. Property Highlights: Approx. 809sqm allotment GRZ5 zoning Wide frontage with outstanding redevelopment potential (STCA) Existing home currently tenanted Ideal subdivision or multi-dwelling opportunity (STCA) Premium bayside landholding in tightly held location Excellent investment or landbank opportunity Walk to Mentone Station, cafes, parks and schools Approx. 1.5km2km to Mentone Beach Opportunities of this size, zoning and location are increasingly rare in Mentone. Secure your place in this highly desirable bayside suburb and unlock the future potential on offer.