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Eastern suburb of Melbourne with 6 rooms

Executive Summary

The subject property is located in an industrial area of the Eastern suburb of Melbourne.  The land has 2 street frontages and has an area of 290 square metres approximately. Erected on the land is a council approved, purpose built bordello  with car parking leased, laundry and storage rooms, girls room, intro room, lounge, reception, office with 6  rooms  located on ground and  1st floor.

The building is well appointed with rooms generous in proportions.  Each room is equipped with good quality furnishings, ensuite toilet and shower, and 1 room with spa bath.  Mood lighting, air conditioning, music?  and DVD is reticulated throughout. The premises are considered to represent the highest quality of such property in Victoria.

Lease Terms: -     The main points of the Lease are summarised as follows –

Lessee- Present tenant

Commencement-: Upon Settlement.

Initial Term-: 5 years

Option Periods-: Five further terms of 5 years.

Termination  (with options) 30 Years.

Rental-: $275,000.00 per annum plus GST

Rental Reviews –: Annually to 3%

Permitted Use – Bordello 6   Rooms

Outgoings – Lessee pays all statutory and operating costs

Maintenance – Lessee to maintain building and equipment except for structural

Security Deposit –: One month’s rent

Asking Price – $2,750,000.00

The tenant will be the current owner of the business who has run this establishment for the last ten years, creating one of the most renowned Bordellos in Melbourne. Her intentions are to be there in ten years time.

Ref No: VMINV1

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