FOR SALE
$125,000 + Stock At Value

4/134-138 Thompson Avenue
Cowes VIC 3922

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Island Shoes - Established Retail Footwear Business in Prime Location

Operating since 1983, Island Shoes is a well-established retail store in the heart of Cowes, Phillip Island, offering an exceptional range of high-quality leather footwear, sporting and lifestyle footwear, handbags, wallets, and accessories for both men and women.
Located at 134-138 Thompson Avenue, Cowes, in the bustling main street alongside other retailers, Island Shoes benefits from excellent foot traffic and a high-visibility position, ensuring steady customer engagement and growth potential. Island Shoes caters not only to the loyal local community but also to holidaymakers who return time and again, drawn by its reputation for quality products and outstanding service.
With longstanding relationships with reputable suppliers, including global brands like New Balance, Eos, Rieker, Zeta, Cabello, to name a few. This business provides an incredible opportunity to continue trading with well-recognised names in the footwear and accessories market.
This business offers significant growth potential, including opportunities to enhance its reach through advanced SMS and email marketing campaigns. While the store already maintains a social media presence, its prime location and reputation as a destination retailer have allowed it to thrive on foot traffic alone.
With all chattels included in the sale price, you will have everything you need to hit the ground running. The owner is also offering training and support during the handover, ensuring a smooth transition into the business.
A secure lease is in place, with the option to renew for an additional five years from January 2026, providing long-term stability for the next owner.
This well-loved business has been a pillar of the local community for over 40 years, known for its exceptional quality and service. Run by its dedicated owners seven days a week, it has become a trusted and cherished part of life on Phillip Island. Now is your chance to take the reins of Island Shoes, the longest-standing shoe store in Cowes, and carry forward its enduring legacy.
Key features include:
• Long term customer loyalty established and strong community presence
• Established Business, been operating since 1983
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Property Details for 4/134-138 Thompson Ave, Cowes

Building Type
Commercial

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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 7,914 properties. Over the last 5 years, Houses in Cowes have seen a 39.38% increase in median value, while Units have seen a 51.12% increase. As at 30 November 2024:

  • The median value for Houses in Cowes is $741,824 while the median value for Units is $561,544.
  • Houses have a median rent of $480 while Units have a median rent of $440.
There are currently 120 properties listed for sale, and 7 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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Ray White Phillip Island
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