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Freehold Building With Da Approval

Commercial Property for Sale
Brisbane QLD

Freehold Building with DA approval to operate an existing legal brothel business on Brisbane Southside

Price 1,745,000

Freehold Building with DA approval

Stock Included:
Stock Value:
Years Est:
Gross Revenue:

Great opportunity 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 roof. 

 

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 owner.  

 

The internal 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 approval process.

 

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 ron@bbqld.com.au for further information on this freehold property opportunity.

Contact Seller

View Broker Profile

Contact: Business Brokers Qld
Phone: 07 3287 9700

Bsale ID: 147645




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