150 Thompson Avenue Cowes

Alex Scott and Staff and Castran 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...