Reply With Quotethere is an old saying never mix business with pleasure, especially when you are investing over $2 million in buying the property
https://www.realcommercial.com.au/ne...ale-in-ballina
Reading between the lines, it is the building for sale, not the actual business. But maybe you'd get a landlord's discount?
there is an old saying never mix business with pleasure, especially when you are investing over $2 million in buying the property
Yeah, agreed. Maybe offer the patrons something extra they can't get in any shops and keep it on downlow. Like scalped Viagra or some mdmaOriginally Posted by OLD SNAKE
lol stifffy its Ballina, everything is available in Ballina, plus you're buying the property not the tenants business, and you don't want your property seized under the proceeds of crimes act.
its the building for sale.
fully tenanted.
BUT, I am not sure, but I suspect that location might have been flooded recently. (I haven't checked yet).
2 to 3 m above sea level, probably not affected by flooding but the region's economy has been badly. Lease would indicate a purchase price around 2 million. Best price indicator might be a similar size warehouse and discount the occupancy - more research needed, especially into current Brothel Licence applications in the region, especially Lismore or Byron + flood maps. Central Ballina (1.4m) was flooded March 1.
Actually it was higher in some areas, but looking at its location I think it stayed relatively dry there.
Mind you I flew over a few days ago and it still looked a mess there from the air.
how about the paddington, or 88masseuse, 5star, would they will be selling?
If 244 has defaulted on their lease, all the fittings might still be in place and a good opportunity for someone to get into a new business with low start up costs.
There was 1 for sale at cromer a while ago
It was cheaper than normal but the money you saved would probably be used cleaning the place up.
Thought better of this post.
Saw this pop up on domain.
The ultimate, dodgiest, most diviest place in our fair city of sydney
https://anonym.es/?https://www.domain.com.au/2017353730
Search the site for "269" or "269 canterbury" for all the crazy stories from here.
If the ICAC 2021 report is correct, the Council supervising this area, or at least some of its councillors and officials were found to be seriously in breach of all sorts of issues. Individuals have been referred to the DPP for possible prosecution. I don't think that related to these premises but it's all local colour.
Pure Massage North Sydney up for Sale. Plus Cherry Blossom @ 5 Alan St Fairfield - & Victoria Secrets @ 161 Victoria Ave sold earlier this year.
https://www.realcommercial.com.au/ne...ge-up-for-sale
I saw this article too, will pay them a visit this week as any smart investor would do
Wonder how profitable a legit shop vs a hush hush one could be
Nice. Multi level. That could be something..
Girls doing privates is killing the brothel industry.
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