4/72 Chapel Street,
Cowes, VIC 3922
Shops & Retail • Hotel, Motel & Leisure
Price information
Sale
$1,800,000 - $1,900,000
Key property information
Floor area
Tenure type
Private inspections
to arrange a private inspection.
Map of 4/72 Chapel Street
Bus stops within 5 km of 4/72 Chapel Street, Cowes, VIC 3922 Distance Thompson Ave/Chapel St (Cowes) 18 m Cowes Senior Citizen Centre/Lions Ct (Cowes) 613 m Cowes Caravan Park/Church St (Cowes) 875 m Walton St/Thompson Ave (Cowes) 970 m Penguin ResortSettlement Rd 1.4 km POWERED BY HERE ©
POWERED BY HERE ©
Incredible Opportunity!
Introducing 4/72 Chapel Street, Cowes. This commercial property presents an incredible opportunity for investors, boasting an amazing location with copious amounts of potential.
The property benefits from zoning that permits the construction of up to four storeys on the site, subject to council approval. Imagine the possibilities of creating a multi-story building that would provide panoramic, uninterrupted water views, captivating both locals and tourists alike.
Stepping inside, you'll immediately notice the premises' unique character and charm. Spanning approximately 344sqm of internal building area, this space offers a generous layout for various business ventures. The renovated bar and dining rooms create an inviting atmosphere for customers to enjoy their culinary experiences. A fully equipped commercial kitchen, complete with high-volume cooling and freezing equipment, ensures efficient operations and culinary excellence.
The building also features male and female bathrooms at each end, ensuring convenience and comfort for all patrons. Additionally, nestled at the rear of the building, you'll find a fully self-contained double-story apartment, adding versatility to the property. This arrangement provides potential for on-site accommodation or the opportunity for an owner-operator to reside on the premises.
Situated on approximately 660sqm of land and a short walk to the gorgeous North facing beach, this commercial property offers plenty of space for expansion or outdoor seating areas. The covered alfresco areas provide additional options for customers to enjoy the beautiful surroundings while indulging in their dining experiences.
This property presents an exceptional investment opportunity and has a current 5 x 5 x 5 lease in place with a net annual return of $79,500 + GST + outgoings and the potential for future development.
Don't miss out on securing one of the most remarkable parcels of commercial property in Cowes, Phillip Island. Act now and seize this extraordinary chance to make this your own.
Contact us today to arrange a viewing and explore the limitless possibilities of 4/72 Chapel Street.
The property benefits from zoning that permits the construction of up to four storeys on the site, subject to council approval. Imagine the possibilities of creating a multi-story building that would provide panoramic, uninterrupted water views, captivating both locals and tourists alike.
Stepping inside, you'll immediately notice the premises' unique character and charm. Spanning approximately 344sqm of internal building area, this space offers a generous layout for various business ventures. The renovated bar and dining rooms create an inviting atmosphere for customers to enjoy their culinary experiences. A fully equipped commercial kitchen, complete with high-volume cooling and freezing equipment, ensures efficient operations and culinary excellence.
The building also features male and female bathrooms at each end, ensuring convenience and comfort for all patrons. Additionally, nestled at the rear of the building, you'll find a fully self-contained double-story apartment, adding versatility to the property. This arrangement provides potential for on-site accommodation or the opportunity for an owner-operator to reside on the premises.
Situated on approximately 660sqm of land and a short walk to the gorgeous North facing beach, this commercial property offers plenty of space for expansion or outdoor seating areas. The covered alfresco areas provide additional options for customers to enjoy the beautiful surroundings while indulging in their dining experiences.
This property presents an exceptional investment opportunity and has a current 5 x 5 x 5 lease in place with a net annual return of $79,500 + GST + outgoings and the potential for future development.
Don't miss out on securing one of the most remarkable parcels of commercial property in Cowes, Phillip Island. Act now and seize this extraordinary chance to make this your own.
Contact us today to arrange a viewing and explore the limitless possibilities of 4/72 Chapel Street.
Additional information
External websites
Property ID: 504374032Last Updated: 10 May 2024
4/72 Chapel Street
Cowes, VIC 3922
Ray White - Phillip Island41 Thompson Avenue
COWES, VIC 3922
COWES, VIC 3922
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