209-213 Settlement Rd - Cowes Plaza 807 SF Retail Condo Unit Offered at $407,346 in Cowes, VIC 3922

This well-presented restaurant/takeaway premises is currently operating as a profitable food business, trading successfully from a highly visible and well-configured space.

The premises are purpose-set for hospitality use, with a functional layout that supports efficient kitchen operations and smooth customer flow. Its strong street and internal exposure assists ongoing trade and customer recognition, making it a solid food destination within its commercial setting.

Nestled within the established Cowes Plaza, this commercial opportunity offers investors a hassle-free, income-producing asset in one of the region’s most sought-after coastal destinations. Currently occupied by a long-standing and successful restaurant/takeaway operator, the property is backed by a secure 5x5x5 lease structure that ensures strong tenancy continuity and dependable returns over the long term.

The asset delivers an attractive annual income of $36,300, generating a solid 6.2% yield with scheduled annual increases, enhancing its growth prospects. Buyers will appreciate its positioning in a vibrant retail and services hub, surrounded by well-known businesses such as Bendigo Bank, dentist, and hair salon. This prime placement guarantees consistent foot traffic and visibility, reinforcing tenant trade stability and long-term investment value.

With an asking price of $580,000, this property presents an appealing entry point for those seeking a low-maintenance, income-secure investment. The combination of a proven tenant, favorable lease terms, and a thriving coastal location positions this asset as a compelling opportunity for both seasoned and new investors alike.