MOVING ON: Bev Merrett and her daughter Carmel Ward outside the store, which is up for sale.
MOVING ON: Bev Merrett and her daughter Carmel Ward outside the store, which is up for sale. Paul Braven

Owners sad to sell iconic Rosella Street Store

AFTER 30 years in the takeaway food industry, Bev Merrett and her daughter Carmel Ward are selling up.

The Rossella Street Store has been an iconic building in Gladstone, trading for more than 40 years, and the pair is hoping that whoever buys the property keeps it as is.

"The property has been on the market for quite some time now and we've had a few out-of-towners interested in it but no contract as of yet," Ms Ward said.

"We had a few out-of-towners make an offer on the building and Laundromat but not on the complete package, and when we sell we want someone to take the complete package."

Ms Ward said that like the rest of the town, if a developer buys it to knock down, she hoped they kept a little piece of history to go with it.

"If they turn this block into apartments, I hope they reserve a little spot down bottom for the general store," she said.

But it's not the first sentimental sale the pair has had.

"Mum and I ran the Blue Peacock takeaway back in 1994 and we've been in business for donkey's years," she said.

"We gave that up because it was our time, and then saw Rossella and thought, 'why not? New challenge'."

Before Bev and Carmel's time, the general store only sold sausage rolls and pies but the family-run business has branched into roast chickens, and home-cooked healthy meals.

"We're actually trading really well," she said.

"We start at 4am every morning and close at 6pm, seven days a week and we employ 13 staff members to do so."

After 11 years at the store the sale is sentimental but it's something Carmel said needed to be done.

"Retail takes it toll on you," she said. "I've got young kids I want to take care of and have some time off with them for a few years before I get into bookkeeping and mum at age 67 is going to retire."

The 11 Rossella Street property has been on the market for three years.

According to Century 21 agent Jenny Kulikov, it's the whole trifecta with two options available.

Option 1: The whole

trifecta! - Purchase the whole business premises compromising of:

• Shop 2 (currently leased to the Laundromat) with a rent return of $15,215 per annum.

• Two units above the store with a rent return of $33,800 per annum

• Takeaway /convenience store business (figures available on request).

Option 2: The takeaway store business is on offer with lease options available. Take a step into the business with the option to purchase the whole freehold package. This would make a fantastic opportunity for a family business.

In 2007 the three-bedroom, two-bathroom, six-garage property sold for $577,500 but currently it's selling for $350,000.

Its land size is 819sq m (approx) which equates to $427 per sq m.

West Gladstone as a whole is about 8sq km. It has 10 parks covering nearly 20% of the total area and the current median sales price of houses in the area is $340,000.