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4-8 Mitchell Dr - Kariong Village Centre 1,097 SF Retail Condo Unit Offered at $647,712 in Kariong, NSW 2250
Investment Highlights
- Established retail hub serving Kariong and surrounding residential areas.
- High-traffic location with excellent visibility and easy access.
- Designed as a vibrant community shopping destination under the Kariong DCP.
- Anchored by a supermarket with a strong mix of specialty stores and services.
- Ample on-site parking for customer convenience.
Executive Summary
Kariong Village Centre is a key local retail hub strategically located to serve the growing residential community of Kariong and surrounding areas. According to the Kariong Development Control Plan (DCP), the centre is designed to provide a mix of retail, dining, and essential services in a convenient and accessible setting. Positioned along Mitchell Drive, the centre benefits from strong visibility, easy vehicular access, and ample on-site parking. The precinct is anchored by a supermarket and complemented by specialty stores, food outlets, and service-based businesses, creating a vibrant and high-traffic environment. Its role as the primary shopping destination for the suburb ensures consistent footfall and long-term demand for retail tenancies.
1 Unit Available
Unit 6
| Unit Size | 1,097 SF | Condo Use | Retail |
| Price | $647,712 | Sale Type | Investment |
| Price Per SF | $590.44 | APN/Parcel ID | CP/-/SP46138 |
| Unit Size | 1,097 SF |
| Price | $647,712 |
| Price Per SF | $590.44 |
| Condo Use | Retail |
| Sale Type | Investment |
| APN/Parcel ID | CP/-/SP46138 |
Description
Shop 6 offers approximately 102 m² of prime retail space within Kariong’s busiest shopping centre. The tenancy features a prominent frontage and a regular-shaped layout, making it highly functional for food and beverage operations. Currently occupied by a well-established Chinese restaurant, the property has a long history of successful trade, reinforcing its suitability for hospitality use. Positioned in a high-traffic zone with excellent visibility and convenient customer parking, this property represents a secure and low-maintenance investment opportunity in a tightly held location.
Sale Notes
Shop 6 is offered For Sale at $895,000 (+ GST if applicable), presenting a secure investment opportunity with a strong income stream. The property is leased to an established Chinese restaurant under a 5-year lease expiring in April 2029, with a further 5-year option, providing long-term security. The current net rental income is $52,258 per annum (excluding GST), delivering a healthy return for investors. With its prime position in Kariong’s main retail centre, excellent visibility, and consistent customer traffic, this asset offers low-maintenance ownership and strong long-term appeal. Detailed lease information and financials are available upon request from the exclusive selling agent.
Interior
Interior
Interior
Interior
Property Facts
| Total Building Size | 8,073 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 8,073 SF |
| Building Class | C | Lot Size | 1.16 AC |
| Total Building Size | 8,073 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 8,073 SF |
| Lot Size | 1.16 AC |
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4-8 Mitchell Dr - Kariong Village Centre
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