7-9 Steele Street Cowes VIC 3922
POA

DESCRIPTION

“An intimate and Luxurious Mediterranean style villa surrounded by sea, sun and sand in the heart of Cowes, Phillip Island.”
The castle was purchased in 1994 for the sole purpose of establishing boutique style accommodation and a fine dining restaurant. It began with 3 apartments and 3 more were added at a later stage, plus a 30-seat restaurant. The restaurant operated for some 12 years, and in 2008 when the chef retired the restaurant was closed to enjoy a more relaxed life style. In keeping with this the accommodation was also scaled back from 6 to 4 apartments. In 2014 the main building was completely re-furbished at a cost of $650,000.
The owners have built a renowned icon for accommodation on Phillip Island and now they are ready to retire.
This wonderful property is set on 1269M2 with lovely meandering gardens and offers a unique lifestyle opportunity. From the 4 luxurious apartments, the property has an income of in excess of $140,000 PA. Being a prestigious boutique accommodation place it is well established and it's ease of operation can be demonstrated. For an absentee owner it is supported with a house keeper who can the run business on her own.
The building contains separate owner quarters with a very functional lounge-dining area, sunny courtyard, study retreat, well-appointed chef’s kitchen with walk in pantry, master bedroom that opens onto a lovely north facing deck, and his and hers en-suites. For the wine connoisseur there is a 1200 bottle below floor cellar. There is even an artist studio situated in the rear garden.
If your dream is to run a superb luxury accommodation property this wonderful icon property should be on the top of your list. This is an excellent location, walking distance to shops, restaurants, and beautiful north facing beaches all at your door step.
Inspection by appointment only.