102/172 William Street, Melbourne, VIC, 3000

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Melbourne

For Sale

102/172 William Street, Melbourne, VIC, 3000

$350,000 - $370,000

71 m²

Apartment

•

30+ days on the market

View agent price guide

What's around 102/172 William Street

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 with parquetry flooring • Floor-to-ceiling windows flooding the space with natural light • Modern kitchen with stone benchtops & stainless steel appliances • Generous bedroom with built-in robes • Renovated bathroom with rain shower • 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.