The brothel is expected to sell for almost 2 million.
A buyer could purchase this and turn it into residential because the property next door is a family home, but then you would probably only make around 50,000 to 60,000, he said.
The reception area at the Ding Ding 83 brothel in Rocklea.Known as Blue Birds On Carmel, this approved brothel is just 250m from the ex-Australian Maid venue and also has five rooms with amenities including private spa baths, a managers quarters, office and security throughout.Any landlord investing in this fruity freehold property can expect around 98,000 in annual income and with a long term trusted tenant the good times will carry.13 Carmel St, Garbutt, Queensland, carmel.Mr Lorusso said despite the fact that these properties provide the bricks and mortar for the worlds oldest profession, many potential buyers shy away from buying them.A lot of people, for whatever reason, dont want to purchase a property like this and even the four major banks dont want to give money for these types of businesses, he said.
17 Hugh Ryan Dr, Garbutt, Queensland.
Open 7 days a week with onsite parking.
A string of establishments are currently listed for sale across Australia, with agents spruiking the enticing yields on offer and the inherent investment value, particularly for self-managed super funds.According to the propertys listing prostitution legal in washington dc through Ray White Commercial, the property was previously used as a brothel and can continue to operate as one under the Cairns Town Plan.Colourful history, exciting future!Sitting escort personal assistant on a vast 3258sqm site, the refurbished property also has five staff parking spaces, airconditioning and the selling agents are boasting an annual return.85 per cent.Positioned in the heart of Rockdales town centre, the two interconnected buildings are currently fitted out as a 16-room brothel, with development plans lodged for a 17-room boarding house.
Wanklin says that with a new five-year lease and two further five-year options, the brothel makes for a sound investment.
Local lore says there was even a turf war between this location and another brothel down the street.