Quest Mawson Lakes, 33-37 Main Street, Mawson Lakes, SA, 5095

JLL is proud to present to market for sale, Quest Mawson Lakes, a fully leased investment grade asset situated at 33-35 Main Street, Mawson Lakes, South Australia.

Opportunity at a glance:

• 2,467sqm* site area

• Significant island site with four street frontages (Main Street, Goodall Parade, Exhibition Lane, and Metro Parade)

• 66 serviced apartments with additional hotel facilities and ground floor office and retail tenancies

• 6,069sqm* of lettable area

• Net income of $1.77m* pa providing attractive returns

• 100% occupancy with 8.39 year* WALE (by income)

• Premium location adjacent to University of South Australia and Adelaide RAAF base

Quest Mawson Lakes represents an extraordinary opportunity to acquire a secure and attractive cashflow below replacement cost on a significant island site. This rare premium four-street frontage asset offers unmatched potential to benefit from one of Australia's fastest-growing defence and technology hubs.

The asset features a recently renewed 10-year lease to Quest Hotels, accounting for 85%* of the passing income with ground floor office and retail uses. The site is ideally positioned to cater for substantial existing and future projected demand from the defence industry, with over AU$30 billion in defence investments expected over the next 10 years.

Improvements comprise a modern high-quality, purpose-built 66 key apartment hotel constructed in 2009, spanning four levels with apartments to the upper levels and three ground floor commercial and four retail tenancies to the ground floor.

The asset offers the opportunity to secure a strong and secure return underpinned by a significant land holding and improvements while benefitting from South Australia’s growing technology and defence industries.

Expression of Interest closing at 4pm (ACDST) on Thursday 3 April 2025.

For further information, please contact the exclusive agents at JLL.

Remember to mention you found this property on CommercialReady