Five grand properties that have commercial potential
Wavetree Mansion, built in c1865 sits on one of Adelaide's most prestigious streets.

Five grand Australian mansions for sale right now

Do you want to live out your wildest Downton Abbey fantasies but don’t fancy the British climate?

From grand country estates with hectares to spare to inner-city mansions on bustling streets, there’s no shortage of impressive historical properties with commercial potential here in Australia.

We’ve rounded up some of the most spectacular properties currently on the market that hark back to a bygone era.

Wavetree, Kent Town SA

Situated on one of Adelaide’s most famous streets, this C.1865 bluestone and sandstone mansion is one of the city’s most recognisable buildings.

Featuring a profiled brick facade, scalloped barges, and a cantilevered balcony the two-storey property sits on an expansive 2777sqm estate.

The striking mansion once served as the home to former SA Premier Sir Frederick Holder during his tenure as inaugural Speaker of the first Australian Parliament.

While it retains its heritage charm, the property has undergone significant upgrades to include all the modern conveniences including thermal and sound insulation, ethernet and WiFi networking and a 100kW solar array and a 200kWh battery energy storage system.

South Hill Homestead, Goulburn NSW

Set on 18ha of farmland, this 700sqm Victorian mansion commands views across the Goulburn Plains towards Canberra.

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With 20 rooms including a grand ballroom with marble fireplace and sunlit rooms opening onto grand verandahs, this mansion harks back to the golden age of pastoral farming.

With two kitchens set up for commercial catering the property offers opportunities beyond its traditional farming heritage.

Milford, Mangalore Tasmania

This historic eight-bedroom sandstone manor sits on a 8.5ha block zoned for rural living.

As well as the main mansion, the property also includes the original sandstone stables with cobblestone floors and loft, intact blacksmith’s workshop with forge and bellows, and a relocated heritage timber stable with flagstone flooring.

Zodiac Lodge, Forest Lodge NSW

This 20-room boarding house on a prime corner block in the heart of Forest Lodge is a blank canvas to build out a unique hospitality offering.

The historic Victorian building features 19 bedrooms, ornate balconies, two expansive lounges, a commercial-grade kitchen with adjoining dining and an onsite cafe on the ground floor.

With the option to continue as a boarding house or transform into a boutique hotel, the options are sure to excite investors, developers and hospitality operators.

Battery Point Manor, Battery Point Tasmania

Built in 1834 this Georgian-style mansion sits in a commanding position above the Hobart waterfront.

The 880sqm three-storey building is currently operating as a successful accommodation offering, with rooms including a three-bedroom penthouse apartment as well as a self-contained managers apartment.

Situated in one of Hobart’s most sough-after suburbs it’s just a short walk to restaurants, bars and the famous Salamanca Market.