Another big sale in Maclean?s CBD
By Peter Ellem
MACLEAN riverfront's heritage showpiece, the Cafe Boulevard building, has been sold to an unidentified Yamba investor for more than $1million.
Raine & Horne Yamba principal Denise Strange confirmed that contracts for the historic twostorey building at 195-197 River Street were exchanged unconditionally last week.
This was less than 48 hours after Ms Strange's agency had brokered another record setting commercial sale in Maclean's CBD ? $1.45million for the Palace Arcade.
Ms Strange yesterday said both sales reflected increased activity and interest in the business precinct, particularly during the past six months.
She said the Lower Clarence developer, Dale James, of Woombah, had done a wonderful job of restoring and renovating the Cafe Boulevard building since he bought it about four years ago.
The building's ground floor tenants include one of the Clarence Valley's finest eateries, Cafe Boulevard, a dance and giftware shop, laundromat and office.
Upstairs there are two residential flats with majestic views of the Clarence River. The building sits on an 860-square metre block with rear access from Clyde Street.
Ms Strange said the Yamba investor, who was well established, had wanted to add something spe- cial to their property portfolio.