THE Airlie Beach Newsagency closed suddenly on the weekend but is expected to re-open at a new premises by the end of the June.
The sign on the door of the business states that the landlord has re-entered the premises and taken possession in accordance with the Property Law Act.
SV Partners were appointed Administrators of Teela Pty Ltd in 2009.
Director of SV Partners, David Stimpson, said they had been actively looking at selling the business.
“It was important that we had interest in the newsagency that was reflective of its real worth,” he said this week.
“SV Partners received two offers for the business, one of the offers being from the current landlords,” Mr Stimpson said.
“We have accepted the other offer, as it was commercially more viable than that offered by the current landlord.” Mr Stimpson said the finalities of the sale were being completed and are envisaged to be concluded in the next two weeks.
The new owners will be relocating the business once the sale has gone through.
SV Partners is currently negotiating with the landlord to gain access to the premises so the relocation can take effect with as little disruption as possible.
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