503/172 William StreetMelbourne VIC 3000
Property Details for 503/172 William St, Melbourne
503/172 William St, Melbourne is a 1 bedroom, 1 bathroom Unit with 1 parking spaces and was built in 1967. The property has a floor size of 71m2.
Last Listing description (March 2017)
Another apartment SOLD by Nick Walters of Kingsford Property - Melbourne's serviced apartment specialists with over 20 years experience in the serviced apartment market.
If you d like to discuss your investment property options please call me on 0438 557 885
This superb oversized one bedroom apartment of 71 square meters is situated on Level 5 and on the front corner of the building with a bright South Westerly aspect.
Currently leased to the Quest Group until January 2018, with further five year options available thereafter.
This will make an ideal, hassle free, long term investment opportunity with Quest paying owners corporation fees, council rates, water rates, general maintenance and insurance.
NB THIS IS FOR THE ASTUTE INVESTOR ONLY - NOT FOR OWNER OCCUPATION
Current rent: $25, 095 per annum ($482 per week) Approx
Return: 6.3% Gross
Lease: Until January 2018
Rental Increases: 4% annual increases each January between Market Reviews
Options: 4 x 5 year options
OUTGOINGS
Tenant pays:
Owners Corporation fees
water rates
council rates
Insurance
General maintenance
Owner pays:
Sinking Fund of $845 pa (Approx)
For further enquires, please call:
Nick Walters of Kingsford Property
(03) 9682 6222 or 0438 557 885
nick@kingsfordproperty.com.au
Although every care has been taken in the preparation of the above information, we stress particulars herein are for information only, and do not constitute representation by the Owner or the Agent.
Property History for 503/172 William St, Melbourne, VIC 3000
- 21 Dec 2016Listed for Sale $401,000
Recent sales nearby
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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 64,192 properties. Over the last 5 years, Houses in Melbourne have seen a 33.17% increase in median value, while Units have seen a -4.37% decrease. As at 28 February 2026:
- The median value for Houses in Melbourne is $1,808,781 while the median value for Units is $436,528.
- Houses have a median rent of $650 while Units have a median rent of $675.
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