News

Investors sure to get bang for their buck at brothel auction

A brothel formerly run by bankrupted Gold Coast entrepreneur Ken Lacey is being offered for sale via auction through Ray White Commercial.
A brothel formerly run by bankrupted Gold Coast entrepreneur Ken Lacey is being offered for sale via auction through Ray White Commercial. Contributed

TWEED'S most notorious brothel once run by bankrupt entrepreneur Ken Lacey will go to auction on April 3.

The well known Chinderah sex pad at 31-33 Morton St is vacant

It comprises a 568 sqm two level building which has current approval for a 24 hour brothel and was formerly Lacey's Club Lace Bordello.

Ray White Commercial Coolangatta / Tweed Heads commercial sales and leasing representative Sam said it was a property with character and history.

"This was a high class brothel which the former milk magnate Ken Lacey had originally purchased as an inheritance for his sons Jade and Dionne, who are presently serving prison sentences for a number of offences," he said.

"Ken has withdrawn from the sex industry and the property will be sold vacant.

"The property certainly has a colourful history as a previous owner of the brothel Victor Elliott was gunned down there in a contract killing in 2000."

Mr Johnson said the brothel had recently undergone a complete refurbishment and investors would see a good return.

"It includes five bedrooms, a kitchen, laundry and office on the ground floor while the first floor has a large entertainment area with another kitchen and private function rooms," he said.

The total land area of the property is 4,093 sqm and there's potential gross rental income of $180,000 per annum.

"The property also includes two large 200 sqm warehouses with an attached 85 sqm office," he said.

"There's an additional 2000 sqm of hardstand with approval for 19 industrial units."

The DA for the industrial units lapsed in January but Mr Johnson said the plans were all still there and it wouldn't take much to get the re-approved.

A lot of people have been interested in the brothel both from interstate and in the area.

There's no word if Mr Lacey will be at the auction which is being help at Currumbin RSL, Currumbin Creek Rd, Currumbin, from 6.30pm (Qld) on April 3.

Topics:  brothel, chinderah, editors picks, property



Stay Connected

Update your news preferences and get the latest news delivered to your inbox.

Having battled PND four times, Mel says the secret is sleep

'I just thought, don’t all mothers get no sleep?’

'My husband lasted 6 weeks as a stay at home dad'

APN Hey Mummy Feature for online - stock images. Katie Dykes being interviewed for the webisodes. Photo Marc Stapelberg / The Northern Star

FROM the outside, being a stay at home mum looks like a breeze.

THE EXPERT: Stop judging working mothers

SUPER MUMS: Being a working mums comes down to perfecting time management.

"WORKING for money is all right; so is working because you want to.”

Health and nutrition with kids - how do you balance it?

HOW important is health and nutrition in your household?

Smack or no smack - where do you stand?

THE debate is reignited - is smacking acceptable?

Technology and kids: Do you ever cut their wi-fi?

Check out our new video series featuring mums having a chat

Solar-powered gallery poll pledge

Matthew Fraser, Fiona Nash and Warren Polglase at the Tweed Gallery

Gallery to be sun-powered

Four things to do these holidays

Banora Point Siblings Imogen (10), Amelia (4) and Melita Scott (6) at "Flip Out" bouncing land at Tweed Heads during the Christmas School holidays.Photo: Scott Powick Daily News

How to have fun on the Tweed with your kids

VIDEO: M’bah ‘reborn’ doll artist goes global

Doll artist Racheal Ambler.

Life-like ‘reborn’ babies a labour of love

Latest deals and offers

PROPERTY BOOM: Coast prices set to skyrocket

Like other areas in south-east Queensland, the Sunshine Coast is at the start of the upturn on the property clock.

Values predicted to rise 25-33%

DIY: How to build a backyard fire pit

DIY stars and Weekend magazine columnists Ayden and Jess Hogan.

Would you build this for your backyard?