Cowes Plaza - For Sale
PRIME RETAIL IN THE HEART OF COWES – SUITING MEDICAL, RETAIL AND PROFESSIONAL SERVICE BUSINESSES
- BUY ONE OR BUY ALL
- HIGH EXPOSURE & FOOT TRAFFIC
- PERFECT FOR COMMERCIAL PROPERTY INVESTORS; MEDICAL PROFESSIONALS; RETAIL; AND PROFESSIONAL SERVICE FIRMS.
ONLY 120KM FROM MELBOURNE - #1 HOLIDAY DESTINATION IN VICTORIA WHERE HALF OF THE YEAR,
THE POPULATION SOARS TO 40,000 AND 3.5 MILION VISITORS ANUALLY, NEW PHILLIP ISLAND HOSPITAL IN COWES IS NEARING COMPLETION IN 2025 EXPANDING THE HEALTH HUB TO MEET THE GROWING DEMAND FOR MEDICAL SERVICES.
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We are privileged to present for your consideration, four (4) prime retail shops and one (1) fully fitted office, three (3) apartments above the shops, all separately titled & offering exceptional presence within the 'Cowes Plaza' - a remarkable standalone plaza in central Cowes, Philip Island. Walking distance to the beach.
Key highlights of this opportunity include:- Cowes Plaza occupies an expansive 2,528sqm* landholding, equipped with 35 private car spaces for the premises and 8 public car spaces - accessed via Settlement Road.- Internal building areas range from 75sqm* - 120sqm*. Shop 4, 5, 6 and 7 are all complemented by a north facing facade & prominent signage of 'Cowes Plaza', allowing for high visibility to passing vehicle traffic.- All individually titled, Shop 4, 5, 6 and 7 are street fronting retail assets. Ideally suited to medical, retail and professional services. Available with existing tenant or vacated.
- Shop 9 is a fully fitted premises and is well suited for medical/consulting or office use. Shop 9 is available for immediate occupancy.
- Shop 8 and 10 leased and businesses operating for the past 10 years with lease options available.- Internal pedestrian walkways provide seamless connectivity from the entrance point to rear car park, safeguarded with 24/7 CCTV security systems in operation.
- Residential apartments above the shops are part of the development already and available for sale or rent.
Three (3) massive apartments, 245m2 each with 40m2 balconies are separately titled.
Current projects in progress:- With 3.5 million visitors annually and the near completed new Hospital, it is a significant development for the region. This will be a game changer in creating new jobs and providing services, including a large urgent care centre, day surgery across two operating theatres, dialysis, chemotherapy and a radiology precinct, ultrasound and general x-ray. - The Isle of Wight Hotel redevelopment including 160 hotel rooms together with F&B facilities and state of the art wellness centre is expected to boost the local economy by $55-76m* per annum.- The Island is set to open a new hot springs destination in 2025 featuring 30 bathing and thermal experiences, a sauna, relaxation and movement spaces and a dining lounge with oceanfront views. The hot springs facility is expected to attract domestic and international travelers and provide a huge boost to the local economy.- Cowes will be subject to a major tourism boost this year.
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CONCEPT - Convert shop #4+5+6 to Medical Clinic or Medical Diagnostics with minimum investment and no Planning Permit is required.
The real opportunity here is now, no need to find land, apply for any planning and building permits, lengthy and costly construction, etc.,
You just need to apply for an operating permit and start the internal adaptation process. An opportunity not to be missed, the new Hospital opens later this year.
Available for immediate adaptation is a 300 sqm area, with number of secure, disabled access options from the front and the rear car park, the building offers full amenities internal and public and high pedestrian traffic exposure in this established central services location.
Walk in to a single level area with separate rooms providing General Medical or Allied Health Consulting, CT scan, MRI, Pathology Collection or Specialists Suites and a large, central Nursing Treatment Station with 3 bays.
Individual private entry and separate title, large apartments accommodation upstairs (optional). The 4 bedrooms, 2 bathrooms, 3 toilets apartments can be fully serviced weekly and are ideal for resident or visiting doctors’ and/ or clinic staff accommodation.
- Surrounding Attractions on Philip Island
- With 3.5 million visitors annually, including 1.178 million overnight stays, generating an impressive $838 million in expenditure, Phillip Island is a thriving destination with some world renowned attractions.
- Philip Island Nature Parks – Enjoy the penguin parade and the koala conservation centre.
- Philip Island Wildlife Park – Offering close encounters with native Australian animals.
- Churchill Island Heritage Farm - Offers farm tours and animal encounters
- Philip Island Motorcycle Grand Prix – Hosts the Australian Moto GP and offers go-karting and hot lap experiences year round.
- A Maze’N Things - A family destination featuring a maze, illusion rooms, mini-golf, and more.
- Pyramid Rock Lookout - Experience breathtaking views of the coastline and the distinctive Pyramid Rock formation.
- Philip Island Chocolate Factory – More family fun offering chocolate-making experiences and tastings.
- The Purple Hen Winery - offers tastings of delicious local wines with scenic views
- Cape Woolamai Surf Beach - Philip Island is home to a national surfing reserve.
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