{"id":42599,"date":"2023-03-16T15:40:43","date_gmt":"2023-03-16T02:40:43","guid":{"rendered":"https:\/\/propertynoise.co.nz\/au\/?p=42599"},"modified":"2023-03-16T15:40:43","modified_gmt":"2023-03-16T02:40:43","slug":"buy-your-own-brothel","status":"publish","type":"post","link":"https:\/\/propertynoise.co.nz\/au\/buy-your-own-brothel\/","title":{"rendered":"Buy your own brothel"},"content":{"rendered":"

PHOTO: Brothel. FILE<\/strong><\/p>\n

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A commercial site in Sydney\u2019s west has become the latest property in a string of sales to offer investors the chance to buy a brothel.<\/p>\n<\/div>\n

The 427 sqm site at\u00a03 Alan St in Fairfield<\/a>\u00a0is the third commercial location offered to the market for sale that had previously been operated as a brothel.<\/p>\n

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The other two, located at\u00a0161-163 Victoria Ave in Chatswood,<\/a>\u00a0and\u00a040 Forge St in Blacktown<\/a>, contain brothels and are still up for sale at the time of publication.<\/p>\n

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The Fairfield brothel is available via Expressions of Interest.<\/strong><\/em><\/div>\n

Known as both the Cherry Blossom Brothel and the Fairfield Brothel, the brothel\u2019s website describes itself as a fully approved and licensed brothel that has \u2018helped gentlemen all across Sydney\u2019.<\/p>\n

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Situated in the commercial centre of the suburb, the listing for the site describes it as a \u2018DA brothel \u2026 ideal for an owner occupier looking to secure a rare commercial freehold with future redevelopment potential.
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The carpark has up to 10 car spaces.<\/strong><\/em><\/div>\n

\u2018An entrepreneurial owner\/operator who knows how to market an adult business can create a goldmine.\u2019<\/p>\n

Listed via Ray White\u2019s Adison Cao, the brothel includes four rooms with an ensuite, and can potentially be converted to other uses including a shop, office, or medical centre (STCA).<\/p>\n

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\u201cThis is a mortgagee sale, the previous owner had been at the place for 10 years before passing onto the current owner who couldn\u2019t keep up with the cost of running the business,\u2019 Mr Cao said.<\/p>\n

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The brothel at 48 Kellett St, Potts Point was up for lease in February before being placed under offer. It had been operating for two decades.<\/strong><\/em><\/div>\n

\u2018It is now under new management and is appealing to a mixture of buyers and developers, some of whom are interested in running the business as a brothel.\u2019<\/p>\n

The Fairfield site also includes a carpark with up to 10 parking spots.<\/p>\n

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It is similar to the other brothels available for commercial sale, including the Potts Point brothel, 48 Potts Point Angels, which is currently under offer and has recently been refurbished for lease.<\/p>\n

The site is also close to Kings Cross and Sydney\u2019s red-light district.<\/p>\n

Elsewhere the Chatswood brothel is up for sale for the first time in 20 years and is currently trading under Victoria\u2019s Secret Bordello.<\/p>\n

No price guide is available for the property but it could sell for millions given its popular location.<\/p>\n

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\"Heading<\/div>\n

Heading to auction on the 4th April, the brothel at 161 \u2013 163 Victoria Ave Chatswood<\/strong><\/em><\/div>\n

Finally the Blacktown brothel has been advertised as \u2018ready to be occupied or offer for lease, with a potential annual gross rental of $66,600\u2019.<\/p>\n

Ray White Commercial\u2019s head of research Vanessa Rader said it is not unusual for a number of brothels to be available on the market at any one time.<\/p>\n

\u201cBrothels come and go on the market, they require approvals to be licensed and operated. They are unique due to having high returns but low yields, essentially meaning that they attract higher premiums due to the nature of the service provided as a commercial business.<\/p>\n

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40 Forge St in Blacktown is still available to purchase and formally operated as a brothel.<\/strong><\/em><\/div>\n

\u201cWe predominantly see brothels in metro areas, such as the inner city or broader Sydney, but there aren\u2019t many that operate in regional areas. Insurers are always a bit funny when it comes to brothels.\u2019<\/p>\n

\u2018I think a lot of the potential of properties such as these comes from the opportunity to transform them into something new. There are a few attractive uses such as a shop or an office that they offer for investors, as well as conversion potential into a larger space.<\/p>\n

READ MORE VIA NEWS.COM.AU<\/a><\/p>\n

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