168 Thompson Avenue, Cowes, VIC 3922 | Commercial for sale | OnTheHouse
 
FOR SALE
$950,000 - $980,000

168 Thompson Avenue
Cowes VIC 3922

Bedrooms: -
Bathrooms: -
Car spaces: 6
Floor area: 93m2
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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
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Property Details for 168 Thompson Ave, Cowes

Building Type
Commercial
Floor Size
93m2
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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 8,466 properties. Over the last 5 years, Houses in Cowes have seen a -0.54% decrease in median value, while Units have seen a 5.68% increase. As at 31 July 2026:

  • The median value for Houses in Cowes is $729,301 while the median value for Units is $528,310.
  • Houses have a median rent of $510 while Units have a median rent of $450.
There are currently 96 properties listed for sale, and 30 properties listed for rent in Cowes on OnTheHouse. According to Cotality's data, 273 properties were sold in the past 12 months in Cowes.

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