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Wednesday, July 23, 2014

Sydney brothel for sale

There's an ordinary looking terrace just listed for sale in the heart of Kings Cross.  It's big - 10 bedrooms, 10 bathrooms, one kitchen and a commercial laundry.  It's being marketed as 'a grand terrace zoned for residential and commercial use.'

The 'iconic address' in Kellett Street, Potts Point, 'with boundless scope and future promise' is currently being used as a brothel.

The property sold for $2.1 million in 2006, $1.5 million in 2004, $1.4 million in 1999 and $90,000 in 1979.  In April 2013 it failed to sell at $1.98 million and today it's listed at $1.8 million.