A rare and highly sought-after development opportunity has emerged in one of Victoria’s most prestigious coastal destinations. The permit-approved site at 6-12 Warley Avenue, Cowes, offers developers the chance to deliver a luxury residential project with panoramic bay views in a region experiencing increasing demand for premium coastal living.
The 4,053sqm* site boasts a generous 81m* frontage to Warley Avenue and is located just 80m* from the pristine shores of Cowes Beach. The approved permit allows for the construction of 91 high-end apartments with 117 car spaces, covering a total Net Saleable Area (NSA) of 7,540.20sqm*.
With its Residential Growth Zone – Schedule 2 designation, the site presents an outstanding opportunity for a developer to bring a landmark project to life in a region that continues to attract strong buyer interest for both holiday and permanent residences and is for sale through Hamish Burgess and Daniel Wolman of Cushman & Wakefield and Paul Jones and Dan Hannebery of Jones Real Estate on behalf of Samuel Property.
Positioned within easy walking distance (200m*) of the Cowes Town Centre, residents will have access to an array of major retailers including Coles, IGA, Woolworths, ALDI, and BWS, along with a vibrant selection of hospitality and retail businesses. The development also benefits from proximity to the upcoming Isle of Wight Hotel redevelopment, which is set to include 160 hotel rooms, premium dining options, and a state-of-the-art wellness centre. This project alone is expected to inject $55-76 million per annum into the local economy and create over 150 new jobs.
Hamish Burgess of Cushman & Wakefield emphasised the significance of the offering: “This is a unique development proposition, providing the opportunity to deliver a premium coastal development in one of Victoria’s most coveted lifestyle locations.
“With its permit approval and breathtaking bay views, it presents an incredible proposition for developers looking to tap into an undersupplied market.”
Paul Jones of Jones Real Estate echoed the sentiment, stating: “Cowes is experiencing a surge in demand for high-quality residences, making this site an exceptional opportunity.
“The combination of prime positioning, unparalleled views, and proximity to key amenities makes this a standout project in Victoria’s coastal property landscape.”
6-12 Warley Avenue, Cowes is for sale via Expressions of Interest (EOI) closing Thursday, April 10 at 2:00pm (AEST),
For more information, please contact:
Cushman & Wakefield
Hamish Burgess | +61 421 641 497
Daniel Wolman | +61 412 957 839
Jones Real Estate
Paul Jones |+61 488 779 749
Dan Hannebery | +61 406 919 971
