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450 The Esplanade - Lake Village Arcade 1,248 SF Retail Condo Unit Offered at $649,916 in Warners Bay, NSW 2282
Investment Highlights
- Located within Lake Village Arcade, a high-traffic retail destination linking the waterfront to public parking.
- Consistent pedestrian activity.
- Surrounded by popular retailers and hospitality venues.
- Famous retail centre known as Lake Village Arcade.
Executive Summary
Lake Village Arcade on The Esplanade in Warners Bay, NSW. It is part of a pedestrian thoroughfare connecting the waterfront to a council-owned car park. The site is in a mixed-use area with nearby cafés, restaurants, and retail businesses. Warners Bay is a suburb of Lake Macquarie, approximately 15 km from Newcastle CBD, with access via major roads including Hillsborough Road and King Street. Public transport options include nearby bus stops.
Property Facts
| Total Building Size | 14,736 SF | Floors | 1 |
| Property Type | Retail (Condo) | Typical Floor Size | 14,736 SF |
| Building Class | C | Lot Size | 0.36 AC |
| Total Building Size | 14,736 SF |
| Property Type | Retail (Condo) |
| Building Class | C |
| Floors | 1 |
| Typical Floor Size | 14,736 SF |
| Lot Size | 0.36 AC |
Amenities
- Food Court
- Signage
1 Unit Available
Unit 3 & 4
| Unit Size | 1,248 SF | Sale Type | Investment |
| Price | $649,916 | Cap Rate | 6.49% |
| Price Per SF | $520.77 | NOI | $42,175.40 |
| Condo Use | Retail | APN/Parcel ID | CP/SP48986 |
| Unit Size | 1,248 SF |
| Price | $649,916 |
| Price Per SF | $520.77 |
| Condo Use | Retail |
| Sale Type | Investment |
| Cap Rate | 6.49% |
| NOI | $42,175.40 |
| APN/Parcel ID | CP/SP48986 |
Description
Both shops have undergone recent upgrades, including LED lighting and electrical board improvements, while one features a state-of-the-art fit out.
Sale Notes
This fully leased retail investment offers a rare opportunity in the highly sought-after Lake Village Arcade, a vibrant retail hub in Warners Bay. Positioned along The Esplanade, the property benefits from strong pedestrian flow, connecting the waterfront to a council-owned car park. The two tenancies are occupied by established businesses—a music store and a hairdressing salon—providing a combined annual income of $61,000. Both shops have undergone recent upgrades, including LED lighting and electrical board improvements, while one features a state-of-the-art fitout.
The leases provide long-term security, with the music store committed until September 2026 and the hairdresser until October 2028, each with further option periods. This investment is underpinned by the popularity of the adjoining Table One Espresso café, which draws consistent daily foot traffic. Warners Bay is a thriving lakeside suburb within the Lake Macquarie region, known for its strong residential base, lifestyle amenities, and connectivity to Newcastle and surrounding areas. This property combines stable income, minimal maintenance, and a prime location, making it an attractive addition to any investment portfolio.
Shop 4 Hairdresser
Shop 4 Hairdresser buildout
Shop 3 Music Store buildout
Floorplan
Nearby Major Retailers
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450 The Esplanade - Lake Village Arcade
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