10/209-213 Settlement Road Cowes, VIC 3922

An outstanding opportunity to secure a high quality retails investment in the thriving commercial centre of Cowes, the main township of Phillip Island.

Positioned within the popular Cowes Plaza, this well presented retail premises offers investors a rare chance to acquire a securely leased property in one of the Island's most tightly held commercial locations.

The property is currently occupied by a well established tenant who has successfully operated from the premises for approximately 10 years, demonstrating strong business stability and commitment to the location. New lease structure signed in February 2026 provides a 5 year term with a further 5 x 5 year options, ensuring long term income security and flexibility for the future.

Cowes Plaza is a well known retail destination benefiting from consistent pedestrian traffic, strong local trade and excellent main street accessibility. The complex is supported by ample rear parking for customers and staff, together with a strong mix of established retailers, professional services and essential businesses.

With Phillip Island continuing to attract significant tourism and steady population growth, this property presents an exceptional opportunity for investors seeking stable income in a prime coastal commercial precinct.

Investment Highlights:

* Securely leased retail investment

* Established tenant operating for approximately 10 years

* 5 year lease with a 5 x 5 year options

* Attractive 6% return

* Located within the busy Cowes Plaza retail complex

* Excellent pedestrian activity and exposure

* Ample rear customer parking

* Positioned in the commercial heart of Phillip Island's main township

This is a rare opportunity to secure a stable commercial investment in one of Victoria's most recognised coastal destinations.