153 Nelson Pl 645 SF Retail Condo Unit Offered at $380,490 in Williamstown, VIC 3016

The property is a ground floor retail unit located at 153 Nelson Place, Williamstown, Victoria, with a total area of approximately 60 square meters. It is currently leased to a retail operator under a lease term of three years with an option for an additional three years, commencing in August 2024. The annual rental income is $31,050, and the tenant pays statutory outgoings excluding land tax. The zoning is Commercial 1. The property is situated along Nelson Place, a retail precinct adjacent to Port Phillip Bay, and is about 14 kilometers southwest of Melbourne’s central business district. Nearby public transportation options include bus and train services within walking distance.

Presenting a rare opportunity to secure an investment in one of Melbourne’s most recognized waterfront retail destinations. Positioned on Nelson Place, Williamstown’s renowned hospitality and lifestyle strip, this property offers outstanding exposure and long-term income security.

The asset consists of a 60 m² ground floor shop leased to 360 Barber Shop on a 3 + 3-year agreement beginning August 2024, generating $31,050 per annum with outgoings covered by the tenant (excluding land tax). Zoned Commercial 1 and benefiting from ultra-low land tax requirements, this investment suits SMSFs and private buyers seeking dependable returns with minimal management.

Located just 14 km southwest of Melbourne CBD, the property is surrounded by high-traffic cafes, bars, and specialty retailers. Its prime waterfront position ensures sustained pedestrian activity from both residents and visitors. With seamless access to Ferguson Street, Douglas Parade, and public transport including Williamstown Train Station, this is an exceptional opportunity to enter a tightly held market with strong growth fundamentals.