47/172 William Street, Melbourne, VIC 3000

$365,000

  • 2

    BEDS

  • 1

    BATH

HIGH YIELD INVESTMENT!

Suited for the astute investor or SMSF, this rare and spacious two bedroom one bathroom apartment is sure to impress. Located right in the heart of Melbourne's CBD, this apartment has ample public transport, shops and restaurants just a short stroll away.

Enter the apartment into a stylish chef's kitchen with European appliances, oven and electric stovetop. The open plan living and dining enjoys ample natural light overlooking the Little Bourke Street Reserve. Quality fixtures and fittings throughout including double glazing and a ducted heating and cooling system.

The property enjoys an excellent return and is currently leased out to Quest Apartments. An ideal set and forget purchase, the investor will enjoy an excellent and dependable tenant looking after your investment. There is also a possibility of occupying this perfectly positioned apartment when the lease expires.

Other features include:
• Secure lift access
• Tram stop right in front
• Short walk to Flagstaff, Southern Cross and Flinders Train Stations
• Heating and cooling
• Part timber flooring
• Double glazed windows

Current rental return is $1,966.45 per month, approx. yield of 6.5%.

Lease is being reviewed and renewed from Jan 2018 - Jan 2023 with a further 3 terms of 5 years each option.

* Rental increase of 3% on the 4th and 5th year of the term.

Outgoings:
Water rates: Paid by Tenant
Council rates: Paid by Tenant
Owner's Corp Admin levies: Paid by Tenant
Owner's Corp Maintenance levies: Paid by Owner, $853.62 current year.

Please contact Tze Chan for more information or to arrange a private inspection.

BUY NOW
  • METHOD OF SALE

    Exclusive

  • ADDRESS

    47/172 William Street

    Melbourne VIC 3000

  • UPCOMING INSPECTIONS

    By Appointment

Request Contract

Sales Agents

Tze Chan

An honest, highly driven and enthusiastic agent, Tze Chan is an asset to those looking to sell their property for a premium price. With over seven years of experience in residential and commercial property sales, Tze brings a valuable skill set to his role as Sales and Business Development Manager at Network Pacific Real Estate. As Tze puts it “I get great satisfaction from helping clients achieve their property goals and ensuring every vendor and purchaser receives constant feedback throughout the sales process.” Fluent in Chinese (Mandarin and Cantonese) and Malay, Tze’s formula for success is built upon his exceptional communication and interpersonal skills, local market knowledge and in depth understanding of the sales process. Drawn to Network Pacific for its innovative processes and ongoing education and training, Tze has proven himself as an outstanding sales agent and experienced negotiator. Tze has a Bachelor’s Degree in Business Studies from the University of Technology Sydney and is a REIV member. Collapse

Tze Chan

An honest, highly driven and enthusiastic agent, Tze Chan is an asset to those looking to sell their property for a premium price. With over seven years of experience in residential and commercial property sales, Tze brings a valuable skill set to his role as Sales and Business Development Manager at Network Pacific Real Estate. As Tze puts it “I get great satisfaction from helping clients achieve their property goals and ensuring every vendor and purchaser receives constant feedback throughout the sales process.” Fluent in Chinese (Mandarin and Cantonese) and Malay, Tze’s formula for success is built upon his exceptional communication and interpersonal skills, local market knowledge and in depth understanding of the sales process. Drawn to Network Pacific for its innovative processes and ongoing education and training, Tze has proven himself as an outstanding sales agent and experienced negotiator. Tze has a Bachelor’s Degree in Business Studies from the University of Technology Sydney and is a REIV member. Collapse

Talk to an expert

Whatever your real estate needs, we have the experts to guide you on your journey

HOW CAN WE HELP YOU?