Rarely does an opportunity arise to purchase such prime real estate centrally located to all Phillip Islands favourite attractions. Home to some of Australias most visited destinations, Phillip Island has been attracting visitors from all over the world for decades. Built just 14yrs ago, this stunning easy to run resort known as Island Cove Villas has been catering to families, groups and couples who appreciate the intimacy and impressive facilities on offer. Breathtaking from the moment you arrive, the Resort comprises of 9 quality homes set apart over 2.5 acres of stunning palm fringed gardens & sprawling lawns. A beautiful Palm fringed pool takes centre stage offering easy access from all Villas. Zoned residental, astute purchasers can explore the potential to develop further, subdivide (STCA) look at timeshare options, exclusive 55yrs plus resort or just land bank for the future. Unique to the Island, this property is well worth inspecting to appreciate the substantial features and improvements including: Quality sandstone look Homes and outbuildings: Stunning 2 story modern home of approx. 40 sqs - 5 bedroom, 3 living, 3 bathrooms, DBL garage 8 beautifully presented homes including 6 two bedroom and 2 three bedroom homes all with large under roofline carport and generous outdoor areas ( 2 with Spas) & coded key-safes for self-check-in Full size Plexi-pave tennis court Large commercial children's' playground Two large BBQ pavilions, stainless commercial cooking facilities, pizza ovens and ample seating. 20mt x 10mt Colourbond shed (partly converted into a gorgeous bar and function area) with large mezzanine floor area for extra storage. Fitted with stone bench tops, 90cm oven, 3 sinks, kegerator, commercial fridge, quality fixtures & fittings and Dishwasher. Pool: Computerised Austral heat pump for economical heating Fully automated Self-dosing pool system Huge 20.5 kw back to the grid solar system ( 74 Canadian Panels) 3 phase power to the main garage and the pool heater Spacious pool/function area, guest facilities including 2 toilets 2 Pool Gazebos ( also suitable for wedding ceremonies) Security Cameras through-out all common areas Starlink Satellite Internet Commercial Laundry building including Maytag washers and dryers Beautifully presented, the modern 5 bedroom home of approx. 40 sqs offers the potential to cater for an additional 10 to 12 guests or more. Offering a calming feel from the moment you enter, the home is fitted with commercial double glazed windows through-out adding a stream of natural light. 4 generous bedrooms offer ample wardrobe space and taking centre stage is the huge Main bedroom retreat with access to the balcony. An entertainers dream, the kitchen comprises a 110cm freestanding dbl commercial oven and hotplate, granite benchtops with ample cupboard, bench & drawer space. Neutral tones abound the 3 generous living spaces & the open-plan dining area. For premium living there is ducted heating and cooling, 3 reverse cycling aircons and a Ducted vacuum system. 2 further bathrooms ( one with a 2 person spa) 2 large living areas plus a huge theatre room completes the well-appointed home. Other features include: 2 car garage under roofline and a huge balcony area overlooking the beautiful surrounds with water glimpses. Managed onsite by current owners, the resort can be as easily managed offsite with reliable self- employed casual staff already in place (and keen to stay on if required). Having enjoyed the life-style they have created for themselves, the current owners are now looking to retire from their relaxed resort operations of 8 months and travel for the remaining 4 mths offering an opportunity for new owners to immediately boost revenue by choosing to operate all year round & adding the beautiful 5 bedroom home to the rental pool. Currently accommodating a minimum of 56 guests with the opportunity to expand utilising the main home, Island Cove Villas offers a world of opportunity for generating extra income including: -Introducing the 5 bedroom, 3 bathroom home to the holiday rental pool. At just 50% occupancy, that equates to an extra income of around $290,000 p/a. - Operating the balance of year: approx. $120k p/a - Converting the reception building into a romantic couples villa - Utilise the stunning new function area. - host weddings, functions, open a café/bar. - Addition of Glamping tents. All current accommodation offers open plan living, dining and kitchen. Recently refurbished with quality neutral furniture and furnishings the Villas offer a relaxed feel with loads of homely features and ample natural light with a pleasant outlook. Self-Contained Accommodation Features: Under roofline Carports Full size fridge Reverse cycling air-conditioners Instantaneous Gas hot-water systems 240 vault Smoke alarms 60 cm Ceramic hotplates Microwave Leather or New Leather look Lounge Suites Outdoor living spaces including seating and table Commercial beds Quality furniture & furnishings Downlights through-out Quality bedding Wall art All kitchen utensils, pots, pans, cutlery etc Jug, Toaster, serving platters, bowls, dinner plates etc Drying racks, hairdryer, Iron and ironing board and much more. - All just 2.4km to main street, 5 min drive to track or Penguins and 950 mts to the Beach