It was a case of bidding cards, rather than bubbles in the air, as eight registered bidders battled it out for the historic Les Bubbles building at 144 Wickham Terrace.
The iconic Fortitude Valley property sparked a frenzy with 50 bids elevating the starting price of $800,000 to its sale price of $1.63M.
The site of the notorious Bubbles Bath-House, illegal casino and massage parlour at the centre of the Fitzgerald Inquiry, came fully tenanted over two leases with five years remaining on each.
The iconic property, with a net leasable area of 543sq m* and land area of 238sq m* over three levels, was marketed by the Ray White Commercial Gold Coast Commercial Sales duo of Simon Robertson and Brad Merkur.
Mr Robertson said the historical backstory of the asset meant interest and enquiries were strong throughout the campaign.