204 Thompson Avenue, Cowes VIC 3922

Here is a fantastic opportunity for the savvy investor to secure a very lucrative accommodation business. Taking advantage of the ever growing tourist numbers to Phillip Island, the apartments specialises in accommodation for visitors to the world renowned Penguin Parade and the many track events at the Phillip Island Grand Prix Circuit.
The Avenue apartments are located in a high exposure position in the main Street of Cowes, close to new supermarket complexes, restaurants and returned services club.
Comprising of four very spacious self-contained apartments, featuring single bedroom with BIRs T.V and air conditioning, open plan living/ dining area with split system air conditioning, large kitchen with electric oven, cooktop dishwasher and walk in pantry and bathroom. Each apartment comes with its own single garage for off street parking.

The possibilities are endless with the addition of a newly renovated ground floor apartment which can be utilised as either a fifth apartment or managers residence, with one bedroom and space for a second, spacious living / dining area, modern kitchen, bathroom and single garage. The ground floor also comprises of an office, large store room, bathroom, living area and communal laundry

Currently achieving very attractive returns for the four apartments, this could be significantly increased with the addition of the ground floor two bedroom apartment.
Other features include a private courtyard at the rear of the property which could be developed into a pool or patio area and a communal BBQ area. The apartments could also be potentially strata titled (S.T.C.A). Inspection by appointment only.