3/87-89 Settlement RoadCowes VIC 3922
Property Details for 3/87-89 Settlement Rd, Cowes
Last Listing description (September 2024)
At the entrance of Cowes Industrial Estate, this impressive factory stands out as a landmark in the area. Boasting a generous 501m² space, it's hard to miss and easy to envision any business thriving here.
Here's what this fantastic property offers:
Prominent Position: Situated on a highly visible corner near the bustling Corner cafe and Bowens hardware, the factory enjoys maximum exposure.
Ample Space: With a total of 501m², including a ground level of 340m² and an upper level of 161m², there's plenty of room for any operations and expansion plans.
Modern Facilities: The front office features a welcoming waiting area, reception space, a second office, and kitchen. Upstairs, you'll find a spacious boardroom, staff room and ample storage / work space.
Ample parking: Access to a large parking area directly outside the factory, with many available spaces to ensure easy access for customers & staff.
Tenant in Place: Currently tenanted until September 2024, with an additional 2-year option for the tenant, this property offers immediate rental income.
Alternatively, the property can be made available with vacant possession for an owner operator.
In one of the most sought after locations within the Cowes Industrial Estate - Inspections will impress.
Property History for 3/87-89 Settlement Rd, Cowes, VIC 3922
- 06 Sep 2024Sold
- 26 Jun 2024Listed for Rent $69,600 / year
- 15 Jun 2024Listed for Sale $1,198,000
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0About 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.
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