There are numerous bike/walk paths in the area, but this one is fairly new and should eventually allow access to Phillip Island without having to venture onto the main road. At present it is a work in progress, be aware there are some steep ascent/descents on the path, which should be undertaken only if you're fit enough to manage the walk/ride.
This cache is hidden near a drainage culvert but should be out of harms way if the waters rise.
It is a small container suitable for swag and TB's.