Income Today, Space To Grow Tomorrow
Woodbyne Cottages & Bedrock Family Restaurant is in a prominent position with highway frontage, in Cowes on Phillip Island.
Phillip Island is located 140
km south east of Melbourne where year around activities such as wildlife viewing, family activities, beaches and motor sports fill the town with tourists from all over the world.
Currently the two businesses are located on 4 acres, which consist of:
Woodbyne Cottages
- 4 x two bedroom cottages each with 1 queen bed and 2 single beds
- 2 x three bedroom cottages each with 1 queen bed and 4 single beds
All cottages have a full size bath/shower in the bathroom, separate toilet and fully equipped laundry.
The manager's residence consists of 5 bedrooms with a fully self contained granny flat attached.
Guests enjoy the inground solar heated pool with water slide, manicured gardens, outdoor playground/games area, boat parking and bicycle trail.
To store all the tools the property has a massive 200sqm machinery shed with concrete floor and power.
Bedrock Family Restaurant
The only genuine family restaurant on the island, it has indoor (seats 80) and outdoor dining areas. The restaurant has an indoor playground area, billiard room, and quiet bar area where adults can take time out and relax.
Development Potential
This fantastic property has huge redevelopment potential, the rear 16 acres could be developed into:
a) A powered caravan/touring vansite*
b) Increase the number of cottages from 6 to 12*
c) Increase boat storing facilities*
*Subject to council approval
In addition The Bedrock Family Restaurant could be leased out to enjoy a rental income of approx $40,000-$42,000 p.a plus gst and outgoings.
This property offers so much potential to an entrepreneurial, innovative buyer or investor.
For more information or arrange an inspection, please submit an enquiry through this page.
View Full Description
