PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE
6-16 Warley Avenue, Cowes, Victoria 3922
Healthcare and Retirement Living For Sale
Expressions of Interest. EOI Date 13 Jun 2019
Floor Area: 6,112.50 m2.
Phillip Island Hospital
A rare development site of significant scale (6,112.5 sqm approx.), located within the highly regarded sea change destination of Cowes, VIC. The asset is ideally located within circa 100m from the Cowes Foreshore and major commercial and retail hub of Thompsons Avenue.
This superb asset captures the sea side vibrance Cowes has to offer.
The site’s location, potential for ocean views and General Residential Zoning position the site as ideal for a multitude of development options including (STCA):
• aged care;
• retirements living;
• restaurant; or
• recreational facilities.
Key Value Drivers
• Prime 6,112.5 sqm (approx.) development site
• Potential ocean views
• Superb location within circa 100m of the Cowes Foreshore and major commercial/retail hub
• Significant development options
• Cowes has reported solid residential median house price capital growth of 7.3% p.a. over last 5 years and 5.2% p.a over the last year 8 years
• Highest priority ‘Category 1’ location for aged care beds, as determined by the Department of Health
• Low level of retirement living accommodation – only two villages.
To obtain further information or arrange an inspection, please contact one of the Colliers International exclusive agents:
+61 448 184 744
+61 429 336 446
- 6,112.5 sqm (approx.) development site
- Potential ocean views
- Significant development options
- Highest priority ‘Category 1’ location
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