South Rocky relishes $6 million food court
A $6 million food court will be built across from Rockhampton's southside McDonald's.
Harcourts' Graham Allen, agent for Sunshine Coast- based developer Maja Group, yesterday confirmed the sale of land at the cor- ner of George and Fitzroy streets.
The sale of the 4500 square metre block, owned by Menzies Automotive Services manager Merv Menzies, may have set a re- cord in itself.
"I can't give an exact fig- ure but it sold for some- where between $1 million and $2 million,'' Mr Allen said.
"It has probably set a new benchmark for dollars per square metre for land on the southside of Rock- hampton.''
Mr Allen said buildings on the site ? currently oc- cupied by John Ritter Mo- tors and The Shed Company ? would be removed, as would an adjacent home.
"Work will start in early January and the centre should be built and opened around October.''
Mr Allen said he had al-ready signed two tenants for the food court. They were nationally re- cognised food retailers.
He said location was a key factor in the sale. "Roughly 28,000 cars pass by this corner every day.
"That's a tremendous traffic flow.''
Mr Allen said he would not be surprised to see de- mand for similar land con- tinue.
"A lot of developers are trying to get into the Rock- hampton market. There's plenty of interest.''
l The former Pizza Hut at North Rockhampton's Aquatic Place is under con- tract for $900,000 to a Bris- bane-based consortium.
"They haven't indicated what their plans are at this stage but time will tell,'' Mr Allen said.