9/209-213 Settlement RoadCowes VIC 3922
Property Details for 9/209-213 Settlement Rd, Cowes
Last Listing description (June 2026)
Secure Commercial Investment In Prime Cowes Retail Precinct
Positioned within the well established Cowes Plaza, Shop 9 at 209-213 Settlement Road offers investors the opportunity to secure a quality retail asset in the heart of the vibrant Cowes commercial precinct.
The property comprises approximately 75 square metres of internal floor area and is securely leased to a new tenant on a 2 x 3 year lease, delivering reliable income and long term investment security.
Cowes Plaza is a proven retail destination anchored by established businesses including Bendigo Bank alongside other popular local and national retailers. The centre benefits from strong main road exposure, consistent pedestrian traffic and convenient rear customer parking making it a highly desirable location for business.
Situated in the centre of Phillip Island's primary commercial hub, the property is surrounded by cafes, restaurants, retail stores and essential services, ensuring consistent tenant demand and long term occupancy stability. Cowes continues to experience strong visitor numbers and population growth, further underpinning retail performance in the area.
Investment highlights:
* Prime retail position within Cowes Plaza
* Approx 75 sqm lettable area
* Secure 2 x 3 year lease to established tenant
*Strong surrounding tenant mix including Bendigo Bank
* High exposure location within Cowes' main retail strip
* Ample rear customer parking
* Attractive 6% yield
*Located in the tightly held Phillip Island retail market
This is a rare opportunity to acquire a well positioned retail investment in one of Victoria's most popular coastal destinations, offering both immediate income and long term growth potential.
Property History for 9/209-213 Settlement Rd, Cowes, VIC 3922
- 09 Jun 2026Listed for Sale $550,000
- 13 Jan 2026Listed for Sale $550,000 + GST
- 22 Sep 2015Listed for Sale FOR SALE $450,000
Recent sales nearby
See more recent sales nearby
Similar properties For Sale nearby
See more properties for sale nearby
0
0
0Similar properties For Rent nearby
See more properties for rent nearby
0
0
0
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 8,445 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.
Suburb Insights for Cowes 3922
Market Insights
Cowes Trends for Houses
N/A
N/A
View TrendN/A
N/A
Cowes Trends for Units
N/A
N/A
View TrendN/A
N/A
Neighbourhood Insights
© Copyright 2026. RP Data Pty Ltd trading as Cotality (Cotality). All rights reserved. No reproduction, distribution, or transmission of the copyrighted materials is permitted. The information is deemed reliable but not guaranteed.
While Cotality uses commercially reasonable efforts to ensure the Cotality Data is current, Cotality does not warrant the accuracy, currency or completeness of the Cotality Data and to the full extent permitted by law excludes all loss or damage howsoever arising (including through negligence) in connection with the Cotality Data.
This product uses cookies and other similar technologies to improve and customise your browsing experience, to tailor content and adverts, and for analytics and metrics regarding visitor usage on this product and other media. We may share cookie and analytics information with third parties for the purposes of advertising. By continuing to use our website, you consent to cookies being used. View our Privacy Policy here.
X
