Tenanted Serviced Apartment with Bay Views: Lucrative Investment in Williamstown

Investors take note: this impressive serviced apartment property at 19/1 Syme St, Williamstown offers a rare opportunity to own a lucrative investment property in one of Melbourne's most sought-after suburbs.

Featuring one bedroom, one bathroom, one car park and a prime location, this 47.2 sqm apartment is already tenanted to a successful serviced apartment business with a weekly rent of $535.77. With a gross yield of 5.8% and a net yield of 5.13%, this investment property offers a reliable source of passive income for savvy investors.

But that's not all: the current lease option ends in November 2028, providing the option to either renew the lease with the existing tenant or use the apartment as a residential property, potentially increasing the sale price. Plus, with 4% increases in the lease every year, this investment property offers long-term growth potential.

Located in the heart of Williamstown, this serviced apartment is perfectly positioned to take advantage of everything the area has to offer. With stunning views of Port Phillip Bay and the city skyline, this apartment is just a stone's throw from top-rated restaurants, cafes, and shops, as well as the picturesque Williamstown Beach.

For those who want to explore further afield, the Melbourne CBD is just 10 km away, easily accessible by car or public transport. And with a car park included, this apartment offers convenient and hassle-free parking for tenants and residents alike.

Don't miss out on this rare investment opportunity. Contact us today to schedule a viewing or to make an offer on this impressive serviced apartment property.