Castran and Alex Scott and Staff are privileged to offer 150 Thompson Avenue, Cowes, which is located on one of Regional Victoria's most sought-after retail strips, for sale by way of a Public Auction on Saturday, 14th December at 2pm.
150 Thompson Ave offers an exceptional opportunity for developers, investors, and land bankers to secure a prime site in a region experiencing significant growth. With Phillip Island's popularity continuing to rise as both a residential and holiday destination, this property is ideal for immediate development (STCA) or long-term land banking.
- Positioned on high-exposure Thompson Avenue with a land area of approximately 1819m² and a substantial 20.1m frontage
- Surrounded by national operators such as Coles, Woolworths, Aldi, IGA, BP, and Mobil
- Phillip Island attracts 1.38 million visitors annually, including 1.178 million overnight stays, contributing $838 million in expenditure
- The Isle of Wight Hotel redevelopment, including 160 hotel rooms, F&B facilities, and a wellness centre, is projected to boost the local economy by $55-76 million annually
- Cowes is currently hosting Channel Nine's 'The Block' for its 20th season, with the refurbishment/development of 9 residential homes
Planning permit in place for a mixed-use project featuring 9 townhouses, 7 apartments, and 1 retail space
- Short-term lease providing holding income while you develop your plans
To arrange a private viewing or to request a Contract / Section 32, please contact exclusive selling agent Greg Price 0419 337 441 and Lachlan Castran 0475 000 888.
Castran Celebrating over 40 years as Property Leaders.
Disclaimer:All information about the property has been provided to Castran TM Pty Ltd by third parties. Castran TM Pty Ltd has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.
