It's been priced by none other than LG Germany, which makes its as official as you're likely to get and the magic number is €349 (that's around £275, $475, AU$500) for a SIM-free handset.
At that price it could be hard to 'Beat', although direct conversions are usually not an accurate reflection of a handset's cost in varying markets as different taxes and charges need to be taken into consideration.
For your money you'll be getting a far-from-mini 5-inch 720p display, a 1.2GHz quad-core Snapdragon 400 processor, 1GB of RAM, 8GB of internal storage, microSD slot, 8MP rear camera, 1.3MP front snapper and Android 4.4 KitKat.
LG said the G3 Beat would be arriving in Europe in the coming weeks at launch, and LG Germany has stated that it'll be in the continent by mid-August. We're still waiting on availability news for the rest of the world however.