Your email has been sent.
49-53 Thompson Ave 4,090 SF of Retail Space Available in Cowes, VIC 3922
Highlights
- Full glazing along Thompson Avenue delivering exceptional street visibility.
- Existing amenities: grease trap, cool room, and mechanical kitchen ventilation installed.
- Rear access improving operational logistics for retail or hospitality use.
- Heavy footfall and retail connectivity within Cowes’ prime shopping strip.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| Ground | 4,090 SF | 1-10 Years | $22.22 /SF/YR $1.85 /SF/MO $90,907 /YR $7,576 /MO | Full Service |
Ground
An exceptional opportunity to secure one of Cowes’ most prominent and expansive retail spaces in the heart of Phillip Island’s premier shopping precinct. Offering a building area of approximately 380 m² positioned on a substantial 1,011 m² allotment, this property is ideal for large-format retail, hospitality, or service-based operators looking to capitalize on high exposure and heavy year-round foot traffic. The tenancy enjoys a full street-facing glass frontage to Thompson Avenue, ensuring maximum brand visibility. Internally, the space is highly adaptable and includes critical infrastructure for food-related operations, such as grease trap, cool room, and kitchen ventilation, along with plumbing provisions for multiple toilet installations. Additionally, the property offers rear access for efficient loading and unloading—a major advantage for high-volume operators. With its commanding position in Phillip Island’s busiest commercial corridor and surrounded by thriving local businesses, this property represents a rare large-scale leasing opportunity in a market dominated by limited supply and high demand.
- Rate includes utilities, building services and property expenses
- Partially Built-Out as Standard Retail Space
- Located in-line with other retail
- Central Air Conditioning
- 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 | 4,090 SF | Property Subtype | Storefront |
| Property Type | Retail | Gross Leasable Area | 4,090 SF |
| Total Space Available | 4,090 SF |
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 4,090 SF |
About the Property
49-53 Thompson Avenue, Cowes VIC 3922 situates centrally within Phillip Island’s urban morphology and interlocks seamlessly with a network of interregional logistic conduits via contiguous arterials and public flow matrices. Immediate environmental adjacencies consolidate an urban-mixed lattice incorporating F&B establishments, durable apparel hubs, and high-frequency utility loci.
- Signage
Presented by
49-53 Thompson Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.