'Hundreds of thousands' profit, but brothel yet to sell
IN its heyday, this business generated its owner "hundreds of thousands of dollars profit" a year.
And demand for its services never seems to dwindle.
But the Sunshine Coast real estate agent's trying to sell the Sunshine Coast's first legal brothel, Scarlet Harem, are having a hard time finding a new buyer.
The property in Kunda Park has been on the market since October, with the auction set for December 1.
There wasn't much action at the auction with only one registered bidder.
Nearly three weeks later, the property is still on the market.
Selling agent Karen Cleeton, from Cleeton Property Group, was also finding it difficult to get owner, Paris Satine, to list the site with a selling price.
However, she said it could sell fully equipped, with plush beds, poles, spa baths a sauna and security cameras, for "around $700,000" and less if it went just as a "shed".
The new owner would need to obtain a brothel license before opening it up for its original business once again.
Ms Cleeton said this would cost "around $35,000 and would take three months".
The licensee would also need a squeaky-clean criminal record.
Ms Cleeton said selling the brothel site had been difficult as "it is one of those unique properties".
However Ms Satine had now decided to offer it as either the entire caboodle, with stripping pole and all, or offer it as a site to lease or a shed in Kunda Park.
This was why putting a price on it was complicated.
But the brothel had been a good money spinner.
"We have figures for three years running, from 2013 to 2015 and it was very, very profitable," she said.
"It would generate net profits of hundreds of thousands a year."
One of the previous prospective buyers said the fit-out of the site would be "worth $300,000 alone"
"It has Mezzanine floors, bathrooms, sound proofing, it is no ordinary shed."
Some people had considered turning it into a "respite" or "backpackers' facility".
But this could be difficult as its location was next to strip club Secret Door.
Ms Cleeton said the brothel "might not be everyone's cup of tea", but considering the limited clientele "it had a lost of interest during the four week auction campaign".