19/1 Syme StreetWilliamstown VIC 3016
Property Details for 19/1 Syme St, Williamstown
19/1 Syme St, Williamstown is a 1 bedroom, 1 bathroom Unit with 1 parking spaces.
Last Listing description (June 2023)
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.
Property History for 19/1 Syme St, Williamstown, VIC 3016
- 22 Feb 2023Listed for Sale Contact Agent
Recent sales nearby
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0About Williamstown 3016
The size of Williamstown is approximately 5.7 square kilometres. There are 25 parks, covering nearly 21.1% of the total area. The population of Williamstown in 2016 was 13969 people. By 2021 the population was 14407 showing a population growth of 3.1% in the area during that time. The predominant age group in Williamstown is 50-59 years. Households in Williamstown are primarily couples with children and are likely to be repaying over $4000 per month on mortgage repayments. In general, people in Williamstown work in a professional occupation.In 2021, 73.60% of the homes in Williamstown were owner-occupied compared with 71.50% in 2016.
Williamstown has 8,280 properties. Over the last 5 years, Houses in Williamstown have seen a 0.47% increase in median value, while Units have seen a 10.35% increase. As at 31 May 2026:
- The median value for Houses in Williamstown is $1,550,813 while the median value for Units is $739,870.
- Houses have a median rent of $840 while Units have a median rent of $580.
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