Corner Steele Street and Chapel Street, Cowes



Price on application

Kaloha Holiday Resort - One of Coastal Victoria's Most Significant Land Holdings.

Kaloha Holiday Resort is to be sold as going concern by a way of ‘Expressions of Interest Campaign’ closing on the Thursday 5th August at 3pm.

In conjunction with Alex Scott & Staff, Phillip Island.

The property is being offered for the first time in 44 years and is the largest foreshore reserve holding ever offered within the Township of Cowes. Kaloha is located approximately 145 kilometres from Melbourne CBD and is an easy 90-minute commute on a dual lane highway. Phillip Island is the home of the Australian round of the Moto GP and renowned for its beaches and wildlife, which includes the world-famous Phillip Island Penguin Parade.

There are 4 major land holdings within the development, which total approximately 15,363sqm made up of 7 (seven) certificates of title.

Of great importance, is the signficant corner location, mainly to Steele and Chapel Street together with almost 60 metres of reserve water frontage of one of the most beautiful North facing swimming beaches and sheltered boat moorings in Coastal Victoria.

Currently the property comprises 31 ensuited motel rooms, 5-bedroom managers house complete with pool and alfresco dining area, significant undercover workshop and storage areas, fully licensed restaurant with a capacity of 85 diners and 85 caravan and motor-home sites. In addition there are significant amenities including landscaped swimming pool, amenities blocks, large ‘Jumping Pillow’ and 5 demountable cabins across the beach frontage.

The 7 titles are all included within a General Residential 1 Zone. The title configuration, existing improvements and the location within Cowes is unique, particularly given the frontage to ‘Lovers Walk’.

Kaloha is the most significant holding ever offered in Cowes and represents one of regional Australia’s most significant development sites, giving its proximity to reserve beach frontage, walking distance to all facilities that exists within Cowes and further the picture-perfect landscaping and amenities.

A copy of the trading figures is available upon request on signing of the confidentiality agreement.

The significant improvements that are constructed on the site make it possible to redevelop the property in-conjunction with the existing buildings and redeveloping progressively the vacant caravan sites. The zoning is conducive to a comprehensive redevelopment as is the location.

For further information or to arrange an on site inspection, please contact the following agents:

John Castran
0411 502 424
john@castran.com.au

Lachlan Castran
0475 000 888
lachlan@castran.com.au

Greg Price
0419 337 441
gregprice@alexscott.com.au

 

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