Lot 65, 172 William Street, Melbourne VIC 3000

Under long term lease with Quest Apartment Hotels, this 2 bedroom apartment is superbly located within inner city Melbourne and walking distance to Crown, Marvel Stadium, Southbank, Queen Victoria Market, The Arts Precinct and Bourke Street Mall Shopping.

**Rents are set until 2028
**No management or letting fees
**Quest responsible for paying Council and Water rates.
**Quest Pay Owners Corporation Admin levies

This spacious two bedroom apartment offers a full kitchen featuring stainless steel appliances & dishwasher, open plan & sizeable lounge and meals area, and roomy bedrooms complete with built in robes.

Recently undergone a renovation to the main bathroom offering a walk in shower, vanity & toilet, and new carpet and paint to the living areas.

A concealed European laundry,and ducted heating and cooling throughout the property offers investors the advantage of the tenant paying Council, water and OC Admin levies for the life of the Quest Lease.

Current Rent: $497 per week -$25,844 pa
Current Return: 6.46% Gross - 6.26%- Net

Current Rent: $497 per week -$25,844 pa ( As of Jan 2023)
Current Return: 6.46% Gross - 6.26%- Net

Jan 2024 + 3% = $511 pw - 6.65%
Jan 2025 + 3% = $527 pw - 6.85%
Jan 2026 + 3% = $543 pw - 7.05%
Jan 2027 + 3% = $559 pw - 7.27%

Terms: Lease to 09/01/2028 with a further 3 x 5 year options.

CARPET, PAINT AND BATHROOM ALL REFURBISHED IN 2019.

Owners corporation sinking fund levies: $824 pa
Council Rates- Paid by Quest
Water Rates- Paid by Quest
Building Insurance- Paid by Quest


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