Iconic Sydney nightclub The Beat sold to developers
The Sydney Morning Herald and The Age report that the 40‑year‑old nightclub The Beat has been purchased by property developers, putting its future uncertain. Both sources present identical information.
First reported 4 hours ago · latest update 4 hours ago
In the post, Costi Cohen said the 1200-square-metre club was still generating $900,000 in annual income.
“But what really got our attention was the future development potential,” the social media video states, claiming the $10,600 per square metre price was a bargain for the inner-city precinct.
There are no public redevelopment plans for the site.
BENTINO, Costi Cohen and The Beat have been contacted for comment.
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Citations · 2 reports from 2 outlets
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Iconic nightclub The Beat sold to developers
The future of the 40-year-old club is under question following the sale.
4 hours ago · Julius DennisIconic nightclub The Beat sold to developers
The future of the 40-year-old club is under question following the sale.
4 hours ago · Julius Dennis