Lot 12, 6 Fergurson Street, Williamstown VIC 3016

Nestled in the heart of Williamstown shopping, cafe and dining precinct, an opportunity to secure a rare front facing apartment only a mere stones throw from the wharf and waters edge.

Boasting 52m2 internal floor area with large 10m2 timber entertainers deck with water front views, and communal rooftop terrace complete with spa bath and stunning outlooks to Melbourne CBD.

Under lease with Punt Hill Apartments:
Lease Details:
Current Rent: $29,228.00 pa - $562 pw.
Current Return: 6.36% Gross - 5.61%- Net
INCREASING IN AUGUST 2023

Scheduled Rent Increases As Follows:
Aug 2023 + CPI%
Aug 2024 + CPI%
Aug 2025 + CPI%
Aug 2026 + CPI%

Lease Terms: Lease to 22/03/ 2027 with OPTIONS.
PLEASE PHONE TO DISCUSS REMAINING OPTIONS BEING 10 YEARS OR 20 YEARS.
Rent Reviews and Increases:
CPI % yearly- with market rent reviews every 5 years (next due August 2027)

**Net returns do not include future capital works or additional government taxes associated with property ownership.
*** Carpet and paint will be due this term of the lease***

Within a boutique complex of only 42 apartments, this large one bedroom lot boasts 52m2 internal living area and 10m2 outdoor timber deck with water views.

With an open floor plan, the lounge, meals and kitchen area are light and bright with oversize sliding doors leading to the outdoor decking providing an indoor and outdoor living an entertainment area.
The master bedroom has wall to wall mirrored robes and the main bathroom features a bath and laundry facilities.
With a stunning outlook and views directly to the waters edge and anchored boats, together with a communal roof top terrace with spa bath and million dollar views to Melbourne CBD.
The apartment has a secure underground basement car park on title and the property also has Onsite conference facilities room, and commercial retail shopping below.

A PROPERTY THAT CANNOT BE OVERLOOKED IN A LOCATION THAT IS UNPARALLELED.


Williamstown has become increasing popular with investors due to its cosmopolitan and trendy vibe attracting tourists year round.
Located only 12km from CBD Melbourne, Williamstown’ boasts historical architecture, modern funky cafes and chic bistros. Williamstown is also home to Seaworks Maritime Museum and Discovery Centre, a number of bay and river cruises, and the Jawbone Flora and Fauna Reserve

Disclaimer. The information provided herein, and any further information supplied, is provided by way of example only. It is intended as general information only and is not to be construed as investment, legal or taxation advice. Potential investors are encouraged to seek the advice of their legal, financial and other advisors prior to investing, so as to determine whether this type of investment is suitable for their specific needs.
The information contained has been provided to me by the vendors or third parties. Potential purchasers are advised to conduct independent due diligence to ensure its accuracy. We do not accept any responsibility to any person for its accuracy and do no more than pass it on. All interested parties should make and rely upon their own inquiries in order to determine whether or not this information is in fact accurate.