IF SEX actually does promote, this saucy funding alternative received’t final lengthy.
Queensland’s first authorized brothel has hit the marketplace for the primary time in additional than twenty years with a $900,000 price ticket.
The property often called ‘Membership 26’ at 26 Magnesium Drive in Crestmead is being offered as a going concern.
The 450 sqm constructing is on roughly 1400 sqm of land and is being marketed by Ray White Marsden brokers Jamie Davey and Lauren Mackay.
“This is a wonderful funding alternative within the tightly-held suburb of Crestmead, returning 7.49 per cent, with three per cent annual will increase for the best savvy purchaser,” Mr Davey stated.
“Membership 26 is a long-term tenant with a well-established enterprise and is at the moment on a five-year lease with an extra five-year choice.”
Whereas the thought of proudly owning a brothel might sound just a little risque, the funding returns is likely to be sufficient to sway even the shyest of consumers.
“The tenant will present consumers with confidence, as will the present return of $67,743 internet every year, plus outgoings and GST,” Mr Davey stated.
In line with the brothel’s official web site it’s “considered one of Queensland’s top-rated brothel and pleasure homes”, the place purchasers can “get pleasure from a refreshment in an upmarket introduction lounge earlier than retiring to 1 5 decadent rooms for an out of physique expertise”.
The property is near the Logan motorway and main arterial roads, has a novel fit-out, and has safety fencing with twin lockable entrance gates.