607/172 William StreetMelbourne VIC 3000
Property Details for 607/172 William St, Melbourne
607/172 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 2013)
Invest now and move in later when the lease expires...
This immaculately maintained sixth floor serviced apartment offers excellent opportunity to continue the current status of long term leasing to QUEST(5 years lease started in January 2013 plus 4x5 years options to Quest) and enjoy its consistent rewards as professionally managed accommodation. Whichever strategy for the future is adopted, this absolute city centre position ensures a pleasing outcome! Concierge foyer and secure lift access precede an apartment of a very generous proportions (over 60 sq meters internally) featuring north east facing living, modern open plan kitchen and two bedrooms, complemented by spacious sparkling modern bathroom. There is also a separate laundry, video security, heating/cooling and part timber flooring. Close proximity to Law Courts. A win-win situation! This property would ideally suit a self managed super fund or an investor looking for a long term secure cash flow and an ideal living quarters after the expiry of the lease. Currently returning $21,133PA till January 2014 with subsequent annual 3% increases - a yield of approx 7%.
Inspect by appointment - contact agent Zoran Tasic on 0410 553 634
Property History for 607/172 William St, Melbourne, VIC 3000
- 26 Feb 2013Listed for Sale $300,000+
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0About 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 64,254 properties. Over the last 5 years, Houses in Melbourne have seen a -6.38% decrease in median value, while Units have seen a -4.97% decrease. As at 31 March 2026:
- The median value for Houses in Melbourne is $1,346,319 while the median value for Units is $439,159.
- Houses have a median rent of $700 while Units have a median rent of $672.
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