Record sale likely to see small shops get the chop
By MARY MANN
BALLINA'S Tamar Shopping Village has sold for $6.6 million, setting a record price for property in the CBD area of River and Tamar streets.
And while the new owners are not ready to be identified, real estate agent Peter Carmont expects it to be redeveloped into office buildings.
He said it would make the site the most significant office block in town.
But Scott Brown, manager of Tamar Village Meats in the complex, said it would be a sorry day when the shops were replaced with an office block.
"It seems a lot of little shops are being replaced with supermarkets, but you need little shops like this, I reckon," he said.
"We serve mostly elderly people, and they love coming in here.
"We have a joke with them and cut their meat.
"The Village has got everything you need, a chemist, bakery, hardware and butchery it would be sad to see them go."
Tamar Village Meats has been a part of the shopping village for about 30 years.
Mr Brown completed his apprenticeship there, and has now been at the shop for a total of about nine years.
Mr Carmont, principal at Professionals Ballina, said the complex was the biggest sale his office had ever had.
"It's the most significant piece of land in the CBD that can be developed," he said.
"It has a 16.4 metre height limit (six storeys), it is close to the post office, council-owned car parks and a number of new office developments.
"The area is undergoing vast change and development ."
Ballina Shire Council also competed for the land but lost out to the winning bid of $6.6 million, he said.
Mr Carmont said at least four other parties had vied for the property.
"It was very highly sought after because it is a great bit of land in a prime location," he said.