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240-242 Thompson Ave 2,357 SF of Retail Space Available in Cowes, VIC 3922
Highlights
- Landmark location at the main entry to Cowes, offering maximum visibility.
- Includes basic café facilities, galley area, and private back office/storage.
- Open-plan, light-filled interior ideal for creative or retail concepts.
- Features a small private courtyard suitable for outdoor display or seating.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 2,357 SF | Negotiable | $14.74 /SF/YR $1.23 /SF/MO $34,738 /YR $2,895 /MO | TBD |
Ground
This highly visible property occupies a landmark position at the main entry point to Cowes, ensuring exceptional exposure to both local residents and the steady influx of Phillip Island visitors. Known as the former Mingara Gallery, the space offers a bright, open-plan layout with abundant natural light, creating an inviting environment for a variety of uses. The property is well-suited for galleries, creative studios, boutique retail, or mixed-use concepts. It includes basic café facilities, a small galley area, a private back office or storage space, and a small courtyard that can be used for outdoor displays or café seating. On-site parking adds convenience for staff and customers. With its established identity and prominent location, this property provides a rare opportunity to secure a space that combines visibility, flexibility, and character in one of Cowes’ most recognized destinations.
- Highly Desirable End Cap Space
- Central Air Conditioning
- Partitioned Offices
- Corner Space
- Yard
- 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 | 2,357 SF | Property Subtype | Storefront Retail/Office |
| Property Type | Retail | Gross Leasable Area | 2,357 SF |
| Total Space Available | 2,357 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Office |
| Gross Leasable Area | 2,357 SF |
About the Property
The property is located at 240-242 Thompson Avenue in Cowes, Victoria, positioned at the primary entry point to the town. It is part of a commercial corridor that serves as the main retail and service hub for the area. The site includes an open-plan interior with natural light, a small galley area, and a private courtyard. Additional features include a back office/storage area and on-site parking. The surrounding area consists of retail businesses, dining establishments, and tourist-oriented services, benefiting from consistent local and visitor activity due to its location on Phillip Island.
- Corner Lot
- Courtyard
- Signage
- Air Conditioning
Presented by
240-242 Thompson Ave
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