6-12 Warley Avenue, Cowes

PERMIT APPROVED COASTAL PROJECT WITH PANORAMIC BAY VIEWS

Jones Real Estate together with Cushman & Wakefield Development Sites are pleased to present 6-12 Warley Avenue, Cowes for sale by Expressions of Interest (EOI) closing Thursday 10 April at 2.00pm (AEST).

This is a unique and unprecedented opportunity for developers to tap into a vastly undersupplied market in one of Victoria’s most esteemed holiday and residential destinations. The subject property comes equipped with plans and permits that offer breathtaking views of Western Port Bay, offering an exceptional opportunity for developers to make their mark in an alluring coastal hot spot.

With the beach on your door step (80m*) and lifestyle and social amenity within walking distance – this property offers a developer the opportunity of a lifetime to develop in one of Victoria’s most renowned holiday destinations.

Key features of this development opportunity include:

– Positioned on a prime landholding of 4,053sqm* with 81m* of frontage to Warley Street and only 80m* to Cowes Beach – One of Australia’s top 10 beaches.

– Permit approved luxury residential development site for 91 apartments accompanied by 117 car parks, with a total project NSA of 7,540.20sqm*.

– Proximity to key retail amenity in Cowes Town Center (200m*), which is home to major retailers such as Coles, IGA, Woolworth’s, ALDI, BWS along with a litany of retail and hospitality businesses.

– Within 200m* of the major ‘Isle of Wight Hotel’ redevelopment, including 160 hotel rooms together with F&B facilities and state of the art wellness centre which is expected to boost the local economy by $55-76m* per annum and create over 150 new employment opportunities.

*Approx.

For further information please contact the selling agents at Jones Real Estate or Cushman & Wakefield.

Disclaimer: Sizes and dimensions described are approximate. Parties should not rely on the information contained within this summary; we recommend seeking professional advice before proceeding.