Retail Investment | $3,750,000 | Net Yield: 5.41% | SA

An off-market, freestanding, diversified retail investment positioned at the entrance to one of Adelaide's fastest growing northern corridors. 3 Coventry Street, Mawson Lakes delivers a diversified income stream across multiple tenants with zero stamp duty, representing a saving of approximately $186,000.

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The property comprises a modern two-level commercial building of 665 square metres situated on a substantial 1,650 square metre landholding. The investment is anchored by Nando's Australia Pty Ltd, a globally recognised restaurant operator that has occupied the premises for over 10 years. The asset is further supported by additional tenants including medical practitioners, dental practice, real estate services, and professional service providers, diversifying income and mitigating risk.

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The property occupies a prominent corner position at the entrance to Mawson Lakes from Salisbury Highway, offering excellent exposure and accessibility. Thirty-five on-site car parks provide exceptional customer and staff amenity. The freestanding configuration within a well-established master-planned suburb ensures ongoing demand from retail, food, and service-based businesses.

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With a purchase price of $3,750,000.00 and total cash required of $1,407,250.00 (including 35% deposit and purchasing costs), the investment delivers net annual cash flow of $202,867.00 and a net yield on property of 5.41%. When accounting for purchasing costs, the net yield is 5.28%. Return on equity of 3.16% in pure cash flow terms increases to 16.48%, 21.81%, and 29.80% with conservative capital growth assumptions of 5%, 7%, and 10% respectively.

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Purchasers benefit from zero stamp duty, representing a saving of approximately $186,000. All outgoings are covered by tenants with the exception of land tax ($3,645 per annum). The diversified tenant mix across medical, dental, hospitality, real estate, and professional services significantly mitigates vacancy risk whilst delivering stable and reliable returns.

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Nando's Australia is the Australian arm of the global Nando's brand, established in 1990 and operating a large network of restaurants across the country and internationally. The company is known for high-quality fit-outs and established operating procedures, contributing to long-term tenancy stability. The tenant base also includes Dr Kathryn Anne Lee (medical practice), Suaan Dental Pty Ltd (dental practice), M & S Realty (real estate services), and independent professional service providers, all representing highly stable occupiers with essential service delivery.

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Mawson Lakes is a modern master-planned suburb developed in the late 1990s, approximately 16 kilometres north of the Adelaide CBD. The area is centred around the landmark Sir Douglas Mawson Lake and combines residential, retail, education, and employment precincts creating a vibrant, self-contained community. The property benefits from excellent connectivity via Salisbury Highway, a key arterial route, and proximity to nearby bus stops and major road networks.

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Mawson Lakes is home to the University of South Australia Mawson Lakes Campus and the nearby Adelaide Technology Park, which hosts over 100 organisations across defence, aerospace, electronics, and technology industries. The area boasts a highly educated workforce and consistent population growth. Adelaide's northern suburbs represent a key employment hub driven by defence, technology, manufacturing, and education sectors. Significant investment in innovation precincts and advanced manufacturing facilities continues to strengthen the economic outlook.

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Adjacent to the property, a vacant site is currently seeking planning approval for 28 dwellings, highlighting ongoing densification and reinforcing the area's long-term growth trajectory. The surrounding precinct accommodates a diverse mix of medical, hospitality, retail, and professional services, supported by strong local foot traffic and nearby transport connections.

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