Welcome to a distinctive and adaptable property nestled in the heart of Cowes, providing an enticing opportunity for astute buyers. Boasting a tenancy agreement, this property stands as an investment prospect. Positioned on a spacious 596 sqm allotment, the uniqueness of this property lies in its dual residences on one title, under one roof. Unit one, a roomy two-bedroom home with a well-appointed bathroom, caters to family living or potential holiday rental. Simultaneously, unit two offers a one-bedroom haven with its own bathroom, already generating additional income through a tenancy agreement. The prime location in central Cowes is a key highlight, offering convenient access to the town's amenities, lively restaurants, shops, and the scenic beachfront. Whether maintaining the existing tenancy arrangement or merging the two residences into a larger family home, the potential of this property is vast. As the future owner, you have the flexibility to infuse your personal style or undertake renovations to heighten its allure. With its versatile layout and ample allotment, this property opens doors to numerous possibilities This property for sale in Cowes is proudly presented to you by Ray White Real Estate Phillip Island.