News

M'boro CBD arcade owner giving it a $500,000 revamp

Fraser Coast councillor Daniel Sanderson and Ray White's Guy Meredith at Sunstate Arcade in Maryborough.
Fraser Coast councillor Daniel Sanderson and Ray White's Guy Meredith at Sunstate Arcade in Maryborough. Stephanie Kay

A SOUTHERN investor has poured half-a-million dollars in to the Maryborough central business district.

A Victorian took ownership of Sunstate Arcade, between Adelaide and Lennox Sts, in July 2012 and is totally renovating the complex.

Guy Meredith, of Ray White Maryborough, said the owner had a passion for old arcades.

"He gets hold of them ... gives them a bit of lipstick and a tidy-up," he said.

Mr Meredith said the owner was fully aware of the Imagine this City plan and sees growth in the Fraser Coast.

"He's working in tandem with that," he said.

"He's looking forward to seeing what's coming."

The building currently houses A and G Reality on its Adelaide St front but all other spaces are empty while being revamped.

Work has included everything from painting, tiling and rendering to a new ceiling and electrical board.

Mr Meredith said there was room for at least five new tenants, with the ability to duplicate some spaces.

He said the high-traffic area had already attracted interest from an espresso bar and beautician.

"Basically the shop fronts are from as little as $110 per week," Mr Meredith said about rent costs.

Fraser Coast Regional Councillor Daniel Sanderson said it was rewarding to see the Imagine this City attracting attention.

"I think it's a great sign of confidence from a business perspective," he said.

Cr Sanderson said everyone wanted to see Maryborough and the Fraser coast buzzing.

"From little things, big things grow," he said.

Topics:  arcade, cbd, investor, maryborough, renovation, revamp



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