226-228 Settlement Road, COWES VIC 3922
Sold
F6202040-8FBE-4EA7-B158-618E8B2F6B16
Sold

Property Details

Baths: 9

Description

This property is currently not available.

A rare opportunity to secure develop the incredible 2,465 meter squared blocks of land or a profitable freehold motel business, the potential at Cowes Cottages for Two is endless.

The two blocks of property are listed as ‘Residential Schedule 1’ and are perfect for the next development project. Situated within Phillip Island, it is only a stone’s throw away from the tourist areas such as the beach, golf club, and Nature Park. It is also minutes away from restaurants, supermarkets and shops.

If you are looking for a unique lifestyle and income opportunity to maximise the land value, Cottages for Two is the one for you.

Cottages for Two caters for two visitors and contains seven detached units that are fully self-contained. Six units are designed with identical floorplans, where they offer a spacious living and dining area, a bedroom with built-in robes and an ensuite, a covered alfresco and one dedicated off-street parking. Unit 7 offers the largest living space and includes two undercover parking. Most units feature a double spa bath, and some even comprise an Ultimate Kent gas log fire.

All motel guests are treated to a fully equipped kitchen, 32-inch flat-screen television, queen-sized bed, heating and cooling, ‘out of sight’ laundry, and undercover entertainment with BBQ facilities.

This complete package includes a four-bedroom managers residence featuring naturally lit entertainment areas and a spiral staircase, plus three storage options. Cottages for Two provides steady revenue growth, and easy to operate model and is under full management.

Don’t miss out on this a once in lifetime opportunity today.

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