![The owners of the South Melbourne building occupied by the Pink Palace brothel is listing their asset for sale.](/web/20170309225739im_/http://www.smh.com.au/content/dam/images/g/u/u/6/w/a/image.related.wideLandscape.460x259.guu73t.png/1489096318951.jpg)
Aged care entrepreneur buying burnt down pub site
Seven years since it was ravaged by fire – which was a month after the local council permitted it for redevelopment – the enormous waterfront parcel regarded as Phillip Island's best site is finding its way into the hands of a new owner.