Sex sells as Queensland’s first legal brothel hits the market
If sex really does sell, this saucy investment opportunity won’t last long.
Queensland’s first legal brothel has hit the market for the first time in more than two decades with a $900,000 price tag.
The property known as ‘Club 26’ at 26 Magnesium Drive in Crestmead is being sold as a going concern.
The 450sqm building is on approximately 1400 sqm of land and is being marketed by Ray White Marsden agents Jamie Davey and Lauren Mackay.
“This is an excellent investment opportunity in the tightly-held suburb of Crestmead, returning 7.49 per cent, with three per cent annual increases for the right savvy buyer,” Davey said.
“Club 26 is a long-term tenant with a well-established business and is currently on a five-year lease with a further five-year option.”
While the idea of owning a brothel may sound a little risque, the investment returns might be enough to sway even the shyest of buyers.
“The tenant will provide buyers with confidence, as will the current return of $67,743 net per annum, plus outgoings and GST,” Davey said.
According to the brothel’s official website it is “one of Queensland’s top-rated brothel and pleasure houses”, where clients can “enjoy a refreshment in an upmarket introduction lounge before retiring to one five decadent rooms for an out of body experience”.
The property is close to the Logan motorway and major arterial roads, has a unique fit-out, and has security fencing with dual lockable front gates.
This article from the Courier Mail originally appeared as “Sex pays: Buy this Brisbane brothel and earn $67k a year”.