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Overview
66/172 William Street
This oversized one-bedroom apartment presents an exceptional investment opportunity in the heart of Melbourne's Central Business District. Securely leased to Quest Hotel, it offers a strong approximate 7% net return with minimal outgoings and no management hassle, making it an ideal set-and-forget investment.
Key Investment Features:
- Secure 5-year lease to Quest commencing January 2023
- Current annual rent approximately $25,833 with fixed 3% annual increases
- Tenant responsible for outgoings, resulting in low holding costs
- Approximate 7% net yield with built-in rental growth
- Option to extend lease with three further 5-year terms
- Established national tenant providing a reliable income stream
Property Highlights:
- Generous internal space of approximately 71 square meters
- Light-filled open-plan living and dining areas
- Floor-to-ceiling windows enhancing natural light
- Modern kitchen equipped with stainless steel appliances
- Spacious bedroom featuring built-in robes
- Bathroom includes a bathtub
- European laundry facilities, cooling, and heating systems
- Secure intercom access for added safety
Prime CBD Location:
Situated within Melbourne's legal and financial precinct, the apartment is conveniently located within walking distance to Flagstaff Gardens, Queen Victoria Market, Docklands, Marvel Stadium, and major transport links. This location offers excellent accessibility and lifestyle benefits.
Overall, this property represents a secure and attractive investment with strong returns and long-term lease security, ideal for investors seeking a reliable income stream in a prime city location.
While every effort is made to ensure the accuracy and completeness of the property information provided, no guarantee is given. Buyers should independently verify all details, inclusions, availability, pricing, and other relevant information directly with the listing agent before relying on this information.
Location
Melbourne VIC 3000
Measurements
| Type | Dimensions |
|---|---|
| Floor Area | 71 m² |
Market Insights for Melbourne VIC 3000
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