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 combines Management and Letting Rights with substantial real estate holdings, including ownership of approximately one-third of the complex.
2. Flagship asset located in Cowes on Phillip Island, Victoria, positioned in the heart of the island’s main tourism precinct.
3. Phillip Island is Victoria’s premier tourism hub, attracting over 3.3 million annual visitors.
4. Unified letting rights across 48 dedicated holiday accommodation lots spanning three properties, simplifying operations and revenue management.
5. 100% letting pool participation in the primary Phillip Island Apartment complex, indicating strong owner buy-in and stable pool revenue.
6. Ownership of 33% of the flagship building provides significant operational control and alignment of asset and management interests.
7. Market-leading position articulated by the vendor, supporting scale benefits and brand recognition in the local holiday accommodation sector.
8. Growth tailwinds from Phillip Island’s repositioning toward year-round wellness and luxury tourism, expanding the market beyond peak seasons.
9. Significant public infrastructure support, with a $250m+ investment pipeline and over $13 million in government funding enhancing key visitor precincts.
10. Exclusive sale via JLL Hotels & Hospitality Group, offered by Private Treaty, facilitating confidential negotiation with an established hospitality broker.
