Co-op?s plan to sell shop
THE popular seafood shop owned by the Clarence River Fishermens Co-op on Yamba Road is going on the market.
Real estate agents have been contacted over the sale of the fish and chip shop bought by the co-op about five years ago. It backs onto the river, opposite Brian Purcell Real Estate.
Chairman George Baker said it was hoped the sale of the shop would finance the co-op's proposed $1.5million processing plant to be built in the Maclean area.
"It's a business decision," Mr Baker said yesterday.
"We would like to think we could build the processing plant without having to owe any money, and the sale of the shop might allow that to happen."
A local un-named real estate agent told The Daily Examiner yesterday he believed the seafood shop was worth about $1.2million.