Sydney massage parlour aiming for happy ending as auction nears

The expression “sex sells” certainly applies to a row of three terraces on the market that house a popular massage parlour.

The dwellings at 576A-580 Harris St is home to Masstige 8 — an erotic parlour that promises all massages will have a “happy ending”.

It is being offered for the first time in over 12 years and features a wide street frontage, rear parking and provides an annual rental return of $380,000, plus all outgoings until 2031.

The property is due to go to auction this Friday with Ray White Commercial South Sydney directors Philip Elmowy and Anthony Vella, in conjunction with First National Pyrmont.

The landholding at 576A, 578 and 580 Harris St in Ultimo has 671sqm of internal space.

Strong interest from investors after a freehold investment with a good return has seen feedback for the property hover around the $6.7 million mark. A sale at this amount would be the highest recorded price for any property in Ultimo this year, according to CoreLogic.

Vella says the terraces offer the savvy investor a myriad of opportunities for future use.

“Permitted with consent, these include; boarding houses, centre-based child care facilities, commercial premises, community facilities, educational establishments, entertainment facilities, function centres, and hotel or motel accommodation, to name a few,” he says.

Rooms feature high ceilings with mirrors, massage tables and a shower or spa.

Masstige 8 has a lease on the site until 2031.

Two of the terraces have two levels and the other at 578 Harris St has three levels of endless possibilities. Described as “one of Sydney’s most exclusive wellbeing sanctuaries”, Masstige 8 has 671sqm of internal space.

The property features over half a dozen rooms equipped with everything needed for a good time including a spa and/or shower, massage tables and couches. There are also high ceilings with mirrors, blackout curtains and ducted airconditioning.

City of Sydney records show the business, described as a “brothel” was successfully granted the ability to operate until 5am for a five-year period beginning in 2017.

It is located with the Powerhouse Museum and Chinatown.

The auction is this Friday.

The business’ website says it offers traditional Korean massages from Korean ladies “renowned for their hospitality and eagerness to please their guests”, along with other services.

The three terraces are located at the foot of Chinatown and Haymarket and are near Star Casino and the Powerhouse Museum.

This article from the The Daily Telegraph originally appeared as “Korean massage parlour Masstige 8 set to go to auction with $6.7 million hopes”.