4 Reid Promenade, Joondalup is a 1,474sqm corner property in the heart of Joondalup, leased to Perth’s largest nightclub operator. The property is home to the only nightclub licence in Perth’s far northern suburbs, making it the go-to venue in a catchment of over 250,000 people. With nightclubs licences tightly held and new licences rarely issued, this provides the property with a competitive advantage over other leased investments. Investment highlights of 4 Reid Promenade include: - Home to Loop Nightclub, run by Perth’s largest nightclub operator, Nightowl Entertainment - Tenant paying $370,967 p.a. in rent with 10 years remaining on the lease - High level of security provided by a 9 month gross rent bank guarantee - ‘Centre’ zoned land with no prescribed height limit and a broad range of potential development outcomes - Prominent corner location next to Lakeside Joondalup - Centrally located near Joondalup Train & Bus Station and ECU. 4 Reid Promenade is offered for sale by ‘Offers to Purchase’ by Thursday 4pm AWST 14th November 2024