803/199 William Street, Melbourne VIC 3000

Rooftop pool | 2027 lease lock | winter garden | zero car space This property presents a direct trade-off between immediate yield and long-term flexibility. The fixed lease to 2027 delivers a guaranteed 4.4% net return, but caps any owner-occupier upgrade or vacancy-driven repositioning for over two years. The winter garden and hotel-grade amenities differentiate it from generic CBD stock, yet no parking reduces appeal to professional couples or downsizers. Hold for income, not capital growth, unless rezoning or laneway activation lifts the precinct. The winter garden and dual bathrooms are rare in this price tier, giving the unit a genuine competitive edge over the median $536,000 two-bedroom unit. Combined with Flagstaff Gardens proximity and tram access, it suits an investor seeking stable cash flow or a city-based professional prioritising lifestyle over parking. The absence of heritage and flood risk confirms clean due diligence. If income certainty and building quality outweigh immediate re-sale flexibility, proceed with a pre-purchase building inspection.