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Island Garden Centre 134-138 Thompson Ave 2,314 SF of Retail Space Available in Cowes, VIC 3922
Highlights
- Prominent main street location within the primary Cowes retail strip.
- Dedicated rear car parks and direct rear entry for added convenience.
- Surrounded by major retailers including Woolworths and Coles, driving consistent traffic.
- Strong foot traffic supported by local amenities and public parking access.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground, Ste 5 | 2,314 SF | Negotiable | $17.40 /SF/YR $1.45 /SF/MO $40,264 /YR $3,355 /MO | TBD |
Ground, Ste 5
This retail premises is centrally positioned along Thompson Avenue within the vibrant commercial precinct of Cowes, offering strong exposure and significant pedestrian flow. Situated in close proximity to major retailers Woolworths and Coles, the location benefits from established customer traffic and easy accessibility. The tenancy provides a well-proportioned layout suited to a range of business types, subject to council approval. Accessibility is enhanced with rear entry, two dedicated parking spaces, and nearby public parking provisions. Additional features include an internal toilet, direct street frontage, and a stairwell offering potential for extra storage solutions. Available from June 1, 2026, this property is presented as a versatile option for operators seeking a presence in one of Phillip Island’s busiest activity centers.
- Located in-line with other retail
- Private Restrooms
- Secure Storage
- 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 | 2,314 SF | Property Subtype | Storefront |
| Property Type | Retail | Gross Leasable Area | 16,619 SF |
| Total Space Available | 2,314 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 16,619 SF |
About the Property
134-138 Thompson Avenue is located on Thompson Avenue in the principal commercial area of Cowes, Victoria. It is in close proximity to national grocery chains and local amenities. Public parking facilities are readily accessible in the surrounding area. The asset includes on-site rear parking allocations and features internal facilities such as a toilet and storage stairwell. Access is available from both the main street and rear of the property. The building has a total lettable area of approximately 1,544 square meters.
- Signage
- Air Conditioning
Presented by
Island Garden Centre | 134-138 Thompson Ave
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