12-14 Thompson Avenue, Cowes, VIC 3922 | Commercial for sale | OnTheHouse
 
FOR SALE
$2,175,000

12-14 Thompson Avenue
Cowes VIC 3922

Bedrooms: -
Bathrooms: -
Car spaces: -
Floor area: 329m2
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A Once-in-a-Generation Cowes Main Street Opportunity! | TWO LEASED SHOPS + FLEXIBLE UPPER-LEVEL SPACE

Combining two established businesses, immediate rental income and a versatile upper level with water views, this property offers an outstanding opportunity for investors and owner-occupiers alike.
The ground floor comprises two established tenancies, currently occupied by Sunni Rae and Anerie, providing diversified rental income from two well-established local businesses. Anerie, a popular French bistro, benefits from its prominent Thompson Avenue position and the newly upgraded streetscape, which provides a fantastic outdoor setting with stunning views. Provision has been made for outdoor dining extending from the tenancy into this area. Sunni Rae, an established fashion and homewares retailer, further complements the tenancy mix.
The upper level is currently vacant and offers exceptional flexibility. Subject to the relevant approvals, the substantial three-bedroom space could be utilised as a commercial office, permanent residential rental, holiday accommodation or retained for private use.
Featuring a generous open-plan kitchen and living area, views towards Western Port Bay, a private balcony and a rare grassed rear yard, the upper level provides scope to add further income or value while offering flexibility for the new owner.
With established income from two quality tenants and a flexible upper level offering significant future potential, this is a rare opportunity to secure a substantial freehold asset in the heart of Cowes.
Positioned within easy walking distance of Cowes Beach, cafés, restaurants, retail and the ferry terminal, the property combines a highly sought-after location with immediate income and multiple future options.
A rare combination of established income, flexibility and future upside in the heart of Cowes.
All proposed uses are subject to planning, building, licensing and other relevant approvals.

Property Details for 12-14 Thompson Ave, Cowes

Building Type
Commercial
Floor Size
329m2
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About 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 8,465 properties. Over the last 5 years, Houses in Cowes have seen a -5.10% decrease in median value, while Units have seen a -3.99% decrease. As at 31 August 2026:

  • The median value for Houses in Cowes is $713,253 while the median value for Units is $499,704.
  • Houses have a median rent of $510 while Units have a median rent of $460.
There are currently 101 properties listed for sale, and 26 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 269 properties were sold in the past 12 months in Cowes.

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Melanie Calabrese (Buitenhuis)
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Barry Plant Phillip Island
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