114-122 Thompson Avenue, Cowes, VIC, 3922, AU

Coles Phillip Island

Asset Description

JLL Retail Investments has the exclusive privilege of offering for sale Coles Phillip Island. An exceptional opportunity to acquire a strong performing freestanding Coles Supermarket strategically positioned in one of Victoria’s most prized coastal destinations.

Situated just 500m from the Cowes waterfront in one of Victoria’s most popular tourist destinations combined with favourable Commercial 1 Zoning (C1Z). The property benefits from secure income and long-term development potential.

Key details of the opportunity include:

+ 100% leased to Coles Supermarkets providing unrivalled income security

+ Ultra strong trading store already paying percentage rent

+ Extremely rare net lease with Coles paying all outgoings including land tax (SHB)

+ A substantial 9,555sqm* landholding with over 200m of prime retail frontage

+ Unparalleled future development potential with favourable Commercial 1 Zoning (C1Z)

+ Potential for 50% stamp duty savings

*Approx.

Coles Phillip Island is For Sale by Expressions of Interest closing Wednesday 5^th March 2025 at 3pm (AEST)

To obtain further information or to arrange an inspection, please contact the exclusive selling agents.

Tom Noonan | 0402 319 698

Stuart Taylor | 0428 000 000