Presented exclusively by Knight Frank, 100% of the freehold interest in 33-37 Main Street, Mawson Lakes SA is offered via Expressions of Interest.

33-37 Main Street incorporates a modern and contemporary four level 66 key apartment hotel purpose-built to a high standard in 2009, and contained within a prominent freehold island site of 2,467 sqm*.

The asset is fully leased and includes three office and four retail tenancies to the ground floor and serviced apartments to the upper three floors.

Key investment highlights are as follows:

- Modern purpose-built Quest hotel supported by established commercial tenants
- Secure net income of approximately $1,774,525* per annum + GST (86%* renewed 10-year Quest lease)
- 100% leased investment with an 8.8 year* WALE (from October 2024)
- Combination of fixed (3-4%) rental escalations and CPI rental reviews to hedge inflation and drive income growth
- Excellent brand recognition, strong history of high performing hotel occupancy, and tenant retention across the commercial tenancies
- Anticipated purchase price below replacement cost and price/key well below current median apartment value for Mawson Lakes ($440,000 - Realetate.com.au 2024)
- Positioned in immediate proximity to the University of South Australia and Adelaide’s RAAF base, the location houses a world class defence ecosystem cluster benefiting greatly from SA’s AU$30 billion in planned defence spending over the next decade
- Mawson Lakes is anchored by over 100 global technology companies, including seven of the top ten largest global defence companies (BAE, Lockheed Martin, Raytheon and more)
- High profile freehold island site of 2,643 sqm* with four street frontages providing strong underlying land value
- Significant tax depreciation benefits anticipated
- Recent data from the Reserve Bank of Australia aligns with the expectation of inflation reverting to the target range of 2-3% over the projected period resulting in a downward move in the official cash rate
- No stamp duty or foreign owner surcharge on commercial property in South Australia

The Quest business model is supported by the stability and strength of the corporate travel market and has been driven by the accommodation needs of the extended stay and business traveller. Quest has negotiated corporate rates with major Australian companies, boasting a leading market share in the industry.

The asset is a significant beneficiary of the immediately surrounding world class community of innovative, high-tech global organisations including defence and technology companies that are attracted to the location given its proximity to the University of South Australia Mawson Lakes Campus (including Aviation, Engineering, Science, IT, and Mathematics faculties), Adelaide’s RAAF base and its connectivity to Osborne Naval Shipyard.

Knight Frank is proud to present 33-37 Main Street, Mawson Lakes For Sale by International Expressions of Interest closing Thursday 22nd August at 4pm (ACST).

For further information please contact the exclusive selling agents.

Inspections are strictly by appointment, so please reach to arrange a time.

Dataroom access is also available upon request.


*Approximately