Freehold Building with DA approval
Stock Included: —
Stock Value: —
Years Est: —
Gross Revenue: —
to purchase this Brisbane southside freehold property on approximately 2,023m2
of land and a 1,268m2 building holding a rare DA approval for which
a legal brothel business can be operated under a licensed brothel owner / operator.
The building is
very solid with tilt slab walls and large steel beams supporting a metal
The part of the of
the building has been significantly upgraded with an expensive internal
building structure from which the legal brothel business operates with the
walls, ceilings, plumbing and electrical wiring and fixtures, and all other
major structural improvements being owned by the current property / building
structure has 5 large luxury client suites, large reception area, staff lounge
/ kitchen areas and other rooms as allowed by law. Substantial discrete off-street client
parking is available both outside and inside the building.
The current lessee owns the business
operation, the internal furnishings, security system, etc. and is in the first
year of a 5 year lease with two further 5 year option periods remaining. Base Rent in Year 1 is $145,500 pa + GST +
all outgoings providing a ROI of around 8.3%.
There is also a 4 months bank guarantee in place on the total rent +
outgoings and GST.
There are currently
only 21 fully approved legal brothel businesses operating in the state of Qld
and it is very difficult to gain local council DA approval for premises to
operate this type of business and all brothel business owners must pass an
The price is for
only the freehold land and building and the internal structure and does not
include the brothel business operating from these premises by the lessee.
Contact Ron Frank at Business Brokers Queensland on 0412
303 492 or email@example.com for further information on
this freehold property opportunity.
Broker/Agent ID Number: