Arc Mentone

Market Insights
9 years ago
1 minutes

Nestled next to the beach-cliffs of Beaumaris, Mentone, only 20km away from Melbourne's CBD, is fast becoming hot real estate. The heritage-listed Mentone Hotel overlooks Port Phillip Bay, with Nepean Highway, and schools such as Mentone Grammar, Mentone Girls Grammar, St Bede's College to just name a few. Bayside real estate is one of the strongest location-based investments in Melbourne, and Mentone has appeared on a lot of radars.

Mentone has become so popular, that Pace Development Groups's 'Arc' is on its way to selling out. With incredible construction, and backed by one of Melbourne's most reputable developers, its no wonder Arc has attracted so much attention.

"Location has been very important for owner occupiers as the site is located within walking distance to shops, transport, and the beach" said Georgie Bott, Marketing Manager of Pace Development Group. 

"80% of Arc buyers have been owner occupiers/downsizers, with only 10% being first-home-buyers, and another 10% are investors. There will be a real community at Arc when it is all done"

Arc Apartments are equipped with luxurious appliances and finishes, and has been attractive to owner occupiers, rather than investors.

"Buyers have requested park views facing Swanston St as well as Bay views from the upper levels. They have at Arc because of the large open plan living spaces, oversized balconies and the premium fitout."

For more information on Pace Development Group's Arc development, click here