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
Year of Purchase
Purchase Price
2019
$4,300,000
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