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Back 76/172 William Street
Off Market

76/172 William Street

Melbourne VIC 3000

1
1
71 m²
Apartment
Last sold for $340,000
Sophia ZhuSophia Zhu, last sold this property on 13 April 2026 after -11 days on market.

Overview

High-Yield CBD Investment Leased to Quest Hotel, approx. 8% Return

Located in the prestigious 'Quest on William' complex, this oversized one-bedroom apartment represents an outstanding investment-only opportunity, with a rental yield of approx. 8% and a long-term lease to a nationally recognised hotel operator. Spanning a generous 71sqm (approx.), this well-maintained apartment is part of Quest's fully serviced accommodation portfolio, offering hassle-free income and minimal landlord responsibilities. Investment Highlights: Secure 5-year lease to Quest Hotel, commencing 10 January 2023 Initial rent: $26400 p.a. (in 2023) Fixed 3% annual increases current rent is approx. $28007.76 p.a Outgoings paid by tenant (Quest) minimal overheads for landlord Current net return approx. 8%, with further upside as rent continues to rise Optional 4 x 5-year further terms, providing potential long-term income security Tenant: National hotel operator (Quest) reliable and reputable Apartment Features: Spacious open-plan living/dining area Floor-to-ceiling windows flooding the space with natural light Modern kitchen with stainless steel appliances Generous bedroom with built-in robes Separate European laundry Ducted heating & cooling Secure intercom access Location Benefits: Perfectly positioned in the heart of Melbourne's legal and financial precinct, just steps to Flagstaff Gardens, Queen Victoria Market, Docklands, Marvel Stadium, and some of the city's best retail, dining, and transport hubs. With Quest managing the day-to-day operations, investors enjoy true hands-off ownership with strong, reliable returns. Whether you're looking for a high-performing set-and-forget investment or a rare opportunity to own in a tightly held hotel-leased building, this property is one not to miss.

Features

1 bedroom
1 bathroom
71 m² floor area
Apartment

Estimated Value

Based on this property and similar 1 bedroom apartments sold in Melbourne over the last 12 months, the estimated median property value of 76/172 William Street is $344.58k.

Median value
$344.58k
Estimated value range
$39k - $935k
Median days on market
36
Estimated value trend
-1%
decrease over the last 12 months
Average days on market is based on recent, comparable sales in Melbourne. It is only an indication of the time a property is actively listed and should not be relied upon as an accurate representation of how soon a property will be sold.

Property history for 76/172 William Street

2026
Sold
$340,000
Private Sale/Treaty on 13 Apr 2026 by Sophia Zhu, of Melcorp Real Estate City Central

Happy sellers in Melbourne

84%
84% of sellers in Melbourne reported that their sale price either exceeded or met their price expectations.

Melbourne stands out for consistently delivering exceptional satisfaction and strong market results for homeowners.

This is based on voluntary sentiment collected from 133 reviews in Melbourne over the last 12 months.

Local market activity for 1 bedroom apartments in Melbourne

In the last 12 months, 581 one-bedroom apartments similar to 76/172 William Street, have been sold.

This represents a 14% increase in one-bedroom apartments sales when compared to the previous 12 months.

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