UNDER CONTRACT - Commercial Excellence Meets Future Potential

168 Thompson Avenue presents an exceptional commercial investment opportunity in the heart of Cowes, currently leased as established medical consulting rooms with a secure long-term tenancy in place. Positioned on a substantial allotment of approximately 875sqm, the property combines a high-performing commercial investment with the added flexibility of self-contained accommodation upstairs.

The property is securely leased with 2 x 2-year option terms remaining, delivering an approximate 7% gross return following a recent 3% rental increase. With ongoing annual rental increases and all outgoings payable by the tenant, this represents an attractive set-and-forget investment opportunity.

Purposefully configured for medical or allied health use, the ground floor features four treatment/consulting rooms, a welcoming reception and waiting area, and a functional layout suited to ongoing healthcare operations. The upstairs self-contained accommodation offers additional versatility for owner occupation, staff housing or supplementary income potential.

Key Features:

Secure medical tenancy with 2 x 2-year options remaining
Approximate 7% gross return
Rent recently increased by 3%
Ongoing annual rental increases
Tenant pays all outgoings
Approx. 875sqm landholding
Four treatment/consulting rooms
Reception and waiting area
Self-contained accommodation upstairs
Excellent investment with future flexibility

A rare opportunity to secure a quality commercial asset in one of Phillip Island's most tightly held locations.

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This property for sale in Cowes is proudly presented to you by Ray White Real Estate Phillip Island.

All information about the property has been provided to Ray White by third parties. Ray White has not verified the information and does not warrant its accuracy or completeness. Parties should make and rely on their own enquiries in relation to the property.

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Inspections

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School catchments

Cowes Primary School Primary Prep-6 Government 0.26km
Our Lady Star of the Sea Catholic Primary School Primary Prep-6 Catholic 1.3km
Newhaven College Combined Prep-12 Independent 4.3km
Phillip Island Village School Primary Prep-6 Independent 6.5km
Somers Primary School Primary Prep-6 Government 9.7km
Somers School Camp Primary Government 11.1km
St Joseph's School Primary Prep-6 Catholic 11.1km
Crib Point Primary School Primary Prep-6 Government 11.2km
Perseverance Primary School Primary Government 11.6km
Newhaven Primary School Primary Prep-6 Government 12.0km
Balnarring Primary School Primary Prep-6 Government 13.5km
San Remo Primary School Primary Prep-6 Government 13.6km
Bittern Primary School Primary Prep-6 Government 14.3km
Bass Coast College - San Remo Campus Secondary Government 15.3km
Oakwood School-Hastings Campus Secondary Government 16.9km
Western Port Secondary College Secondary 7-12 Government 17.5km
St Mary's School Primary Prep-6 Catholic 17.6km
Hastings Primary School Primary Prep-6 Government 18.1km
Padua College - Tyabb Campus Secondary Catholic 21.5km
Flinders Christian Community College Combined Prep-12 Independent 22.4km
Dromana Secondary College Secondary 7-12 Government 23.4km
Somerville Secondary College Secondary 7-12 Government 26.3km
Woodleigh School - Penbank Campus Combined Independent 26.7km
Balcombe Grammar School Combined Prep-12 Independent 27.1km
Village High School Secondary 7-12 Independent 29.0km
Woodleigh School Combined Prep-12 Independent 30.0km
Padua College Secondary 7-12 Catholic 30.3km
Padua College - Rosebud Campus Secondary Catholic 30.3km
Oakwood School-Mornington Campus Secondary Government 30.4km

Nearest schools, measured in a straight line from the property. Provided as a guide only; check catchment and enrolment eligibility with the school. School data © ACARA, licensed under CC BY 4.0.

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