Strip club may sell for $1.8 million
A Brunswick adult entertainment venue with a colourful history that is leased to Maxines strip club is on the market. The venue at the top end of Sydney Road is dominated by a large pink billboard that has long been a local landmark.
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".