Australia’s former top brothel still looking for a buyer after more than two months on the market
A brothel in Melbourne’s southeast is still on the market after more than two months.
Australia’s former top brothel is proving sex does not sell after failing to find a buyer in more than two months.
Club 8, located in an industrial precinct of Springvale in Melbourne’s southeast, hit the market in late June with price hopes of about $2.1m-$2.2m.
This sex den would return a yield of about 6 per cent for the investor who decides to take it on, with the club currently returning an annual rental income of $135,000.
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The lease expires next year but the tenants will be provided an extra five-year option.
8 Yiannis Court has been home to the brothel for more than 25 years which was even awarded a gong for Best Brothel in Australia, the realcommercial.com.au listing shows.
Club 8’s website boasts that the award was the first of its kind when issued by the Australian Adult Entertainment Business Industry Awards at the 2019 X Awards Australia.
The brothel is in Springvale at 8 Yiannis Court.
It features six rooms and two spas.
It recognised the bordello as a leader in both customer satisfaction and sex worker support.
Crabtrees Real Estate’s Saul Akoka has the listing but has not yet found a buyer after expressions of interest closed on July 28.
Mr Akoka previously told the Herald Sun that the property would likely appeal to investors for its attractive rental return.
The brothel has operated for more than 25 years.
It also won an award in 2019 as the Best Brothel in Australia.
The 500sq m building, positioned on a 900sq m block, includes six rooms, two spas, gated parking, security systems and a 10kW solar power array.
Mr Akoka has been contacted for comment about the status of the campaign.
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emily.holgate@news.com.au
