76/172 William Street, Melbourne, VIC 3000 | Apartment for sale | OnTheHouse
 
FOR SALE
$350,000 - $370,000

76/172 William Street
Melbourne VIC 3000

Bedrooms: 1
Bathrooms: 1
Car spaces: -
Floor area: 71m2
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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
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Property Details for 76/172 William St, Melbourne

76/172 William St, Melbourne is a 1 bedroom, 1 bathroom Apartment. The property has a floor size of 71m2. The place is currently for sale with Melcorp Property.

Building Type
Apartment
Floor Size
71m2
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About Melbourne 3000

The size of Melbourne is approximately 2.7 square kilometres. It has 9 parks covering nearly 2.5% of total area. The population of Melbourne in 2016 was 47285 people. By 2021 the population was 54941 showing a population growth of 16.2% in the area during that time. The predominant age group in Melbourne is 20-29 years. Households in Melbourne are primarily childless couples and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Melbourne work in a professional occupation.In 2021, 25.80% of the homes in Melbourne were owner-occupied compared with 29.00% in 2016.

Melbourne has 64,197 properties. Over the last 5 years, Houses in Melbourne have seen a -25.47% decrease in median value, while Units have seen a -3.96% decrease. As at 30 November 2025:

  • The median value for Houses in Melbourne is $1,033,829 while the median value for Units is $440,645.
  • Houses have a median rent of $635 while Units have a median rent of $660.
There are currently 259 properties listed for sale, and 226 properties listed for rent in Melbourne on OnTheHouse. According to Cotality's data, 2656 properties were sold in the past 12 months in Melbourne.

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