Strip club may sell for $1.8 million
Its cavernous interior hosts stages for dancers, large lounge chairs and bars for guests.
The property was acquired by the Tenuta family's Fleet Financial Group for $450,000 in 1995, title documents show.
Its three titles will be sold as one for about $1.8 million because it generates a net rent of about $117,500 a year, Domain Commercial's Dean Fornaro said.
"It's been there for so long it's an institution in its own little way," he said.
At one stage the building was the Australian outpost for the infamous American porn publisher Larry Flynt's Hustler Club.
The club's operator and lessee Maxine Fensom took over the old Crystal T's strip club.
Ms Fensom was recently embroiled in a Supreme Court defamation suit with liquidator Glenn Crisp who alleged he lost his $600,000- a-year job after she took photos of him without his knowledge in "compromising positions with strippers".
Frequently Asked Questions about this Article…
The Brunswick adult entertainment venue on Sydney Road has a colorful history. It was once the Australian outpost for Larry Flynt's Hustler Club and is currently leased to Maxines strip club. The venue is known for its large pink billboard, making it a local landmark.
The Brunswick adult entertainment venue on Sydney Road has a colorful history. It was once the Australian outpost for the infamous American porn publisher Larry Flynt's Hustler Club. Currently, it is leased to Maxines strip club and has become a local landmark with its large pink billboard.
The property is owned by the Tenuta family's Fleet Financial Group, which acquired it in 1995 for $450,000. It is now on the market for about $1.8 million.
The property is owned by the Tenuta family's Fleet Financial Group, which acquired it for $450,000 in 1995. It is now on the market for about $1.8 million.
The property generates a net rent of about $117,500 a year, according to Domain Commercial's Dean Fornaro.
The property generates a net rent of about $117,500 a year, according to Domain Commercial's Dean Fornaro.
The property is considered an institution because it has been a part of the local community for a long time, with its distinctive large pink billboard serving as a landmark.
The venue is considered an institution because it has been a part of the local landscape for so long, with its distinctive large pink billboard making it a recognizable landmark in the area.
Maxine Fensom was recently involved in a Supreme Court defamation suit with liquidator Glenn Crisp. He alleged that he lost his $600,000-a-year job after she took photos of him without his knowledge in compromising positions with strippers.
Maxine Fensom was recently involved in a Supreme Court defamation suit with liquidator Glenn Crisp. The suit alleged that Crisp lost his $600,000-a-year job after Fensom took photos of him without his knowledge in compromising positions with strippers.
The large pink billboard at the venue is a significant local landmark, making the property easily recognizable and contributing to its status as an institution in the area.
The large pink billboard at the venue is a significant local landmark that has contributed to the venue's status as an institution in the Brunswick area.
The asking price for the property, which includes three titles sold as one, is about $1.8 million.
The asking price for the Brunswick adult entertainment venue is about $1.8 million, as it is being sold as one property with three titles.
Before Maxine Fensom took over, the strip club was known as Crystal T's.
Before Maxine Fensom took over, the strip club was known as Crystal T's.
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