49-53 Thompson AvenueCowes VIC 3922
Property Details for 49-53 Thompson Ave, Cowes
Last Listing description (October 2026)
Prominently positioned on Thompson Avenue, this substantial commercial property boasts massive street-facing windows and exceptional shop frontage, providing outstanding exposure in one of Cowes' most prominent locations.
The property has an interesting commercial history, having previously been home to Commonwealth Bank, Asian Kitchen Phillip Island and, more recently, Offshore Design.
With a large showroom floor, office, staff toilet and rear access, the property offers enormous flexibility for retail, hospitality or other commercial uses.
For those considering hospitality, there are already provisions for a substantial commercial kitchen, grease trap and cool room, along with plumbing provisions for patron toilets. The rear garden presents an exciting opportunity for outdoor dining or a beer garden-style area, with the potential to open this space up and connect it directly with the main shop floor STCA.
Whether you're looking to create a destination restaurant, vibrant caf, unique retail space, flagship showroom or exciting hospitality venue, this property provides an exceptional foundation to bring your vision to life.
A rare combination of position, exposure, size and potential, right in the heart of Cowes.
Property History for 49-53 Thompson Ave, Cowes, VIC 3922
- 17 Apr 2026Listed for Rent $113,400 / week
- 14 Jun 2019Listed for Sale $3,000,000
- 02 Feb 2017Listed for Sale $3,000,000
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0About Cowes 3922
The size of Cowes is approximately 20.7 square kilometres. There are 20 parks, covering nearly 6.7% of the total area. The population of Cowes in 2016 was 4839 people. By 2021 the population was 6593 showing a population growth of 36.2% in the area during that time. The predominant age group in Cowes is 60-69 years. Households in Cowes are primarily childless couples and are likely to be repaying $1400 - $1799 per month on mortgage repayments. In general, people in Cowes work in a trades occupation.In 2021, 68.40% of the homes in Cowes were owner-occupied compared with 65.40% in 2016.
Cowes has 8,469 properties. Over the last 5 years, Houses in Cowes have seen a -8.21% decrease in median value, while Units have seen a -5.98% decrease. As at 30 September 2026:
- The median value for Houses in Cowes is $709,895 while the median value for Units is $507,882.
- Houses have a median rent of $520 while Units have a median rent of $480.
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