FOR SALE
$995,000 - $1,060,000

205 Settlement Road
Cowes VIC 3922

Bedrooms: -
Bathrooms: -
Car spaces: -
Land area: 1249.03m2
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BACK ON MARKET-SETTLE BEFORE CHRISTMAS! Premier Mixed Development Large Commercial Land in Cowes, Phillip Island!

Discover the Extra-Large Gem! Approx. 1249M2 of Untapped Potential Next to the commercial artery road in Phillip Island, Cows!
Investors and Developers seize this rare chance to create your next high-yield commercial masterpiece in the heart of Cowes on Phillip Island. Strategically positioned adjacent to the exclusive IGA supermarket, this sprawling plot is your gateway to an influx of foot and car traffic, drawing both locals and tourists.
Important: Advertised open inspection timeslots may be cancelled without prior notification. All pre-registered potential buyers will be informed or organise a private inspection if this happens. If you are interested and keen on attending an open inspection advertised, please book your appointment or SMS or WhatsApp to 0452611234 confirming your attendance.
Location, Location, Location!
Situated at the bustling intersection of Thompson Avenue and Settlement Road, your project will capture the attention of the dynamic Phillip Island community. From the renowned Penguin Parades to the adrenaline-pumping Grand Prix Circuit races, this area is the epicentre of activity.
Limitless Possibilities Await!
Envision a thriving Restaurant and Bar, a much-needed Child Care Centre, a bustling Pharmacy, or even an exciting Tourist Attraction Activity Center – the options are vast (subject to STCA). Craft your masterpiece amid the vibrant surroundings.
Unlock Multi-Unit Potential!
Calling all Multi-Unit Developers! With STCA, this land presents a golden opportunity for 4-5 Townhouse projects. Create a modern community that complements the island's charm while reaping substantial rewards.
Key Location Highlights:
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Property Details for 205 Settlement Rd, Cowes

Building Type
Land
Land Size
1249.03m2

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About Cowes 3922

The size of Cowes is approximately 20.7 square kilometres. It has 20 parks covering nearly 6.7% of total area. The population of Cowes in 2011 was 4,053 people. By 2016 the population was 4,832 showing a population growth of 19.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation. In 2011, 63.7% of the homes in Cowes were owner-occupied compared with 65.4% in 2016.

Cowes has 7,906 properties. Over the last 5 years, Houses in Cowes have seen a 37.23% increase in median value, while Units have seen a 51.42% increase. As at 31 October 2024:

  • The median value for Houses in Cowes is $725,515 while the median value for Units is $553,448.
  • Houses have a median rent of $480 while Units have a median rent of $430.
There are currently 119 properties listed for sale, and 13 properties listed for rent in Cowes on OnTheHouse. According to CoreLogic's data, 229 properties were sold in the past 12 months in Cowes.

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