Is it too good to be true? The Melbourne business on sale for $5

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It seems like a deal too good to be true: an entire laundrette, recently renovated and in a central urban location in Melbourne, on sale for the bargain price of $5. 9News

That's approximately $149,995 less than what current owner David Crowe paid for the business eight years ago.Current owner David Crowe has put his business for sale for the bargain price of $5.A surge in crime in the vicinity of the Jackson Street Laundrette in St Kilda has turned the area near Fitzroy Street into a "ghost town".

"There's a lot of antisocial behaviour. The problem is not getting addressed, it's getting pushed aside," David said.Customers are scared off by a group that has set up camp on the corner.While it was once his pride and joy, David now wants nothing to do with the laundrette, and is keen to offload the overheads and lease to a willing buyer.He has a sign spruiking the opportunity but also warning of the risks plastered to the window.

"We're certainly working with our police and our local law officers to get down there and attend to those issues as they arise," Bond said."We think the street is undergoing a bit of a renaissance and it is certainly on the up," he said.Continue reading

 

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9NewsSyd He'd have to pay me a shit load more than $5 for me to take over that business.

9NewsQueensland Crank the stereo up with some classical music, tends to stop the undesirables from hanging around!

Do they take lay by?

9NewsSyd Is it Dan Andrews office? Considering the debt he’s built 5$ is extremely expensive

5 bucks seems overly high to being stuck in Melbourne

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