Waterline Place, S2 & S3, 29 Waterline Place, Williamstown, Vic 3016

Secure supermarket income today. Add your own value tomorrow.
At street level in Merchant, the striking Elenberg Fraser-designed landmark at the heart of Waterline Place, this 2024-built retail offering gives you both: a brand-new FoodWorks lease paying from day one, plus approx. 839 m² of vacant space ready for you to lease (STCA). 
Buy one lot, or secure the lot.

The anchor: Part S2, approx. 396 m² 

•	FoodWorks on a fresh 10-year lease to 2036, plus options to 2046
•	$118,800 p.a. + GST net, rising a fixed 3% every year
•	Tenant pays outgoings (excluding land tax)
•	Backed by personal guarantees and a bank guarantee

The upside: Part S2, approx. 131 m² 

•	Glazed shopfront that suits a café or specialty retailer (STCA)

The upside: S3, approx. 708 m²

•	Open-plan space with sweeping street glazing
•	Lease it whole or split it into smaller shops (STCA)

Why Williamstown

•	125 apartments upstairs, with the wider Waterline Place community providing a built-in catchment for the shops
•	Bus at the door; train station about 550 m away and the beach about 1.5 km
•	Strolling distance to Nelson Place, Ferguson Street and the foreshore
•	Household incomes about 37% above the Victorian median (ABS 2021)
•	Just 12 km from the CBD

At a glance

•	Approx. 1,235 m² across two strata lots
•	Approx. 29 car parks
•	Mixed Use Zone
•	Offered individually or in one line
•	Settlement 60 or 90 days

Expressions of Interest close Thursday 19 November 2026 at 2pm.

Request the information memorandum or book your inspection:
•	Wayne Elly – 0410 305 305 – welly@ellypartners.com.au
•	Martin Huang – 0416 161 166 – mhuang@ellypartners.com.au
•	Anthony Christakakis (Jellis Craig Williamstown) – 0433 353 402 – anthonychristakakis@jelliscraig.com.au