Cowes, Victoria
Management & Letting Rights - Phillip Island Apartments Group
$5,185,000
Business Description
JLL Hotels & Hospitality Group is delighted to exclusively offer for sale the Management & Letting Rights with substantial real estate holdings of Phillip Island Apartments Group, a commanding investment positioned in the heart of Cowes on Phillip Island, Victoria.
This unique offering presents a strategic opportunity to acquire premium management rights alongside approximately one-third of the complex. The flagship Victorian tourism destination with world-class attractions, serves as a leading nature-based tourism destination.
Key investment highlights include:
- Victoria's Premier Tourism Hub – Phillip Island commands over 3.3 million annual visitors as the state's most tourism-dependent region.
- Market-Leading Position – Unified letting rights across 48 dedicated holiday accommodation lots spanning three properties.
- 100% letting pool participation in primary Phillip Island Apartment complex demonstrating exceptional owner confidence and operational strength.
- Ownership of 33% of the flagship building offers unparalleled operational control
- High-Growth Investment Landscape – Benefit from Phillip Island's transformation into a year-round wellness and luxury destination, supported by a $250m+ infrastructure investment pipeline and over $13 million in government funding currently enhancing key visitor precincts.
The Phillip Island Apartments Group is available For Sale via Private Treaty.
Please contact the exclusive agents for further detail.
Business Summary
Key Investment Insights
1. Offering comprises Management and Letting Rights plus substantial real estate holdings for Phillip Island Apartments Group, sold via Private Treaty.
2. Seller is Sole and Exclusive Agent JLL Hotels & Hospitality Group, indicating institutional marketing and buyer reach.
3. Location is Cowes on Phillip Island, Victoria, the flagship Victorian tourism destination with world-class attractions and a nature-based focus.
4. Phillip Island receives over 3.3 million annual visitors, positioning the asset in Victoria’s most tourism-dependent region.
5. Market-leading letting structure with unified letting rights across 48 dedicated holiday accommodation lots spanning three properties.
6. Primary Phillip Island Apartment complex has 100% letting pool participation, signalling strong owner confidence and proven operational performance.
7. Transaction includes ownership of approximately one-third, specifically 33%, of the flagship building, providing significant operational control.
8. The island is undergoing a strategic shift to a year-round wellness and luxury destination, creating demand diversification beyond peak seasons.
9. Major public investment supports growth, with a $250m+ infrastructure investment pipeline in the region.
10. Immediate precinct enhancement funding exceeds $13 million in government support, improving visitor amenities and likely boosting future occupancy and rates.
