Quadrant Investments Large Format Retail Trust No. 1

Address
4 Reid Promenade, Joondalup

Net Lettable Area
647sqm (nightclub) & 154sqm (Courtyard)

Role
Asset & Trustee Manager

Description

• Year 1 forecast income distribution of 8.0% (estimated)
• Target investor IRR of 14%+
• Highly valuable, extremely rare liquor licence permitting trade until 5am – the only one in Joondalup
• Five year initial Trust Term
• Leased to long-standing, experienced tenant for 15 years
• Core City centre location in the heart of Joondalup
• Activity Centre zoning with no maximum height or plot ratio
• Under-utilised land area for substantial additional development with a variety of uses and potential tenant attraction

Transaction Date
November 2019

Purchase Price
$4,300,000