1-7 Napoleon Street Cottesloe, WA

Joint exclusive sales agents LJ Hooker Commercial Perth and Richard Noble & Co are presenting astute investors with a once-in-a-generation opportunity to secure a property portfolio in the tightly held retail precinct of Cottesloe.

The portfolio consists of 1-7 Napoleon Street and 19-21 Napoleon Street. It is the first time these properties have been offered on-market in approximately 67 and 80 years respectively. They are being offered as a combination or individually.

The portfolio, with excellent lease covenants and negligible vacancy risk is For Sale by Offers Invited closing at 2pm (AWST) on Thursday 25th March 2021 - unless sold prior.

1-7 Napoleon Street:
A single-storey freehold building featuring two retail shops combining 224m2 (GLAR) situated on 382m2 of land. Currently tenanted is the popular Vans café/bistro, whose lease extends until October 2031. Vans, which has existed in many guises over the last 25 years, has become an institution and sought-after destination in the western suburbs. Next door is Esola, which was established in 1990, and is renowned for its Art Deco and eclectic range of jewellery.

The Opportunity:
The Napoleon Street portfolio has all the fundamentals investors look for, but rarely manage to combine:
• An outstanding retail investment located in a premier beachside suburb
• Highly visible corner location
• Less than 200 metres from Cottesloe train station
• Tenants that have long-standing and well established businesses
• All rents at market levels
• High underlying land value in proportion to the capitalised asset value

Location:
Napoleon Street has consistently been one of Australia's strongest high street retail precincts with historically low vacancies. Cottesloe is a suburb revered for its relaxed beach-side lifestyle. Architecturally and geographically stunning Cottesloe has serious 'wow' factor. With the beach at your door step and the city centres of Perth and Fremantle a short drive away makes it such a desirable location.

For Sale:
Offers Invited closing 2pm (AWST) Thursday 25th March 2021 - unless sold prior.

Information Memorandum:
Available upon request from Exclusive Selling Agents.

For further information on this iconic portfolio, or to arrange an inspection, contact the Exclusive Selling Agents.

* approximate