69 Lake Street Northbridge WA 6003

Colliers Investment Services is pleased to present for sale an iconic nightclub venue in the heart of Northbridge, Perth's premier entertainment destination. A rare and exceptional opportunity not to be missed.

The Opportunity
Formally known as The Library Nightclub, the property has tremendous goodwill continually operating a nightclub venue since 1983 and represents an excellent opportunity for owner operators, or property investors alike.

The property also offers significant redevelopment potential with generous development guidelines, land area and broad street frontage suitable for a range of residential, student accommodation, serviced apartment or hotel development possibilities*.

The Location
This landmark property is located on a high-profile Lake Street position with excellent access and exposure to high volumes of pedestrian and vehicle traffic. Lake Street, and Northbridge more broadly, continues to benefit from newly extended Lake Street giving direct access to the Perth CBD, the Perth City Link redevelopment and the forthcoming Perth ECU Campus that is expected to inject over 10,000 students and staff into the Perth CBD and fringe areas.

Improvements
The property consists of a ground floor and mezzanine area licensed for 436 patrons plus recently upgraded with an eclectic themed fit out comprising extensive dancefloor, stage and lounge areas, 2 bars, and a private function room.

Tenancy
The property is available subject to a new lease commencing at settlement or with vacant possession. Please refer to the selling agent for further details.

Land Details
Land Area- 501sqm
Frontage- 18.30 meters

Zoning
The City of Perth advise that the property is zoned "City Centre".

Development Guidelines
Plot Ratio - 4.0 : 1.0
Height Limit - 14 meters

Sale Details
The property is offered for sale by Expression of Interest closing 2.00pm Thursday, 24th April 2025.

For further information or to arrange an inspection please contact-