Phone enquiries - please quote property ID 30957.
Beach HQ Restaurant & Bar Phillip Island:
Located in the heart of Cowes, close to Phillip Island’s major retail hub and tourism attractions. An expansive terrace provides unsurpassed water views over the Cowes foreshore beach, Westernport Bay, French Island, and the Mornington Peninsula. Opposite the Cowes Jetty, home to Western Port Ferries and Wildlife Coast Cruises
Strongly positioned along the busy Esplanade, among other hospitality venues, the business is able to take advantage of a large amount of foot traffic with great exposure and the best ocean views available in Cowes.
Phillip Island continues to grow at a rapid pace, popular with day & overnight trippers, home to the world renowned Phillip Island Penguin Parade. Phillip Island Grand Prix circuit hosts to the Australian Moto GP and World Superbike Championship as well as other major events. With pristine white beaches, endless family fun, and iconic wildlife, Phillip Island has it all, one of Australia's leading tourism destinations.
Lease Terms:
Three Years starting 11 October 2022 + Two (2) further terms of three (3) years.
Leasehold Rent:
$90,000 + GST per annum
Premise Details:
Set on 1st floor with spectacular water views, the restaurant has direct access from Phillip Island's busy Esplanade and level access from Warley Avenue. The restaurant is located on the first floor on the Bayside Apartment complex and offers a large restaurant with seating up to 250 patrons. An expansive balcony provides unsurpassed north facing views over the Cowes forshore beach, Westerport Bay, French Island, and Mornington Peninsula.
Expansion Potential:
Expansion opportunities include an increase in operational hours to meet forthcoming demand from the construction of 91 apartments in two(2) five-story buildings above the basement and mezzanine car parks on 4105 sqm oceanfront site between 6 - 12 Warley Avenue, just off Cowes main esplanade. Additionally, there will be further construction of the apartment complex directly opposite.
The International Tourism market is returning and provides an ideal opportunity for the new owners to work closely with major tourism bodies to tap into this market. The business has strong ties with Visit Australia / Victoria / Destination Phillip Island as well as a number of In-Bound tour operators with bookings into 2023 / 2024.
Trading Hours:
Monday / Tuesday Closed
Wednesday / Thursday - Dinner Only
Friday - Sunday - Lunch / Dinner
Furniture / Fixture value:
$50,000 ( Included in the asking price)
Contact the seller, should you require further information.
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