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12-14 Thompson Ave 1,733 SF of Retail Space Available in Cowes, VIC 3922
Highlights
- Prime main street location in Cowes with high pedestrian and vehicle visibility.
- Flexible usage options including retail, hospitality, office, or residential accommodation.
- Approximately 329 m² of mixed-use space comprising two ground-floor commercial tenancies and an upper-level apartment.
- Located in a growing tourism hub with projected visitor increases from upcoming attractions such as Phillip Island Hot Springs.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 1,733 SF | Negotiable | $29.32 /SF/YR $2.44 /SF/MO $50,804 /YR $4,234 /MO | TBD |
Ground
The space at 14 Thompson Avenue, Cowes, comprises a large open-plan retail area with an existing fit-out. It includes a separate storeroom and a private toilet with hand basin. The property is located within the main commercial corridor of Cowes and is in close proximity to other retail and service businesses. It will be available for lease from April 5.
- Located in-line with other retail
- Display Window
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Property Facts
| Total Space Available | 1,733 SF | Property Subtype | Storefront Retail/Residential |
| Property Type | Retail | Gross Leasable Area | 3,541 SF |
| Total Space Available | 1,733 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,541 SF |
About the Property
The property is a mixed-use retail and residential building located on Thompson Avenue, the main commercial street in Cowes, Victoria. It comprises approximately 329 m² of total space and includes two ground-floor commercial tenancies and an upper-level three-bedroom apartment. The upper-level apartment offers water views, a private balcony, and a grassed rear yard. It is currently in original condition and presents an opportunity for renovation or conversion into holiday accommodation, permanent rental, or office space. The property is positioned in a high-visibility location within walking distance of the beach, ferry terminal, and retail precinct.
- Restaurant
- Signage
- Air Conditioning
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12-14 Thompson Ave
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