13 Napoleon Street, Cottesloe, WA 6011
TROPHY RETAIL ASSET WITH DEVELOPMENT UPSIDE
An exceptional trophy asset, located within the notoriously tightly held, blue-chip neighbourhood retail 'high street' of Cottesloe, along the premier Napoleon Street precinct.
Offered for sale for the first time in over 20 years!
This site represents a significant opportunity to secure a 'set and forget' investment with potential development upside at a later date.
Land area: 510m2 (approx.)
Building area: 246.45m2 over two strongly leased tenancies
Parking: 15 bays total (11 upper roof deck, 4 lower sub-basement)
Net income: $142,828.15* p.a. plus outgoings plus GST (*as of 14th November 2021)
Napoleon Street is one of the best performing retail strip centres in Western Australia and boasts some of the lowest vacancy rates in Perth over the past decade.
The street offers seven day trade and lies within one of the most affluent postcodes of Western Australia.
The property offers an exceptional parking availability and an unparalleled parking ratio.
Take advantage of this rare opportunity to bid for one of Perth's most sought after commercial-retail locales!
AUCTION: On Site at 11am (AWST)
Thursday, 18th November, 2021
Contact the Selling Agents now to discuss this property further.
Got a property to sell? Contact us for a free Request Appraisal
- Property ID: L15695185
- Property Type:Retail
- Building / Floor Area:246 sqm
- Land Area:510 sqm
- Car Spaces:15
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