• For Sale
  • Health Care
PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE
PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE
PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE
PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE
PRIME PHILLIP ISLAND (COWES) REDEVELOPMENT SITE

For Sale

Expressions of Interest 13th Jun 2019 Level 30, 367 Collins Street, Melbourne, VIC 3000
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):
•residential;
•aged care;
•retirements living;
•hospital;
•hotel/hostel;
•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.

Contact
To obtain further information or arrange an inspection, please contact one of the Colliers International exclusive agents:

Mark Agius
+61 448 184 744
Mark.Agius@colliers.com

Shalain Singh
+61 429 336 446
Shalain.Singh@colliers.com

Property Details