Lawyers put down roots

Townsville Bulletin - - NEWS - TONY RAGGATT

A RIS­ING star in Townsville’s le­gal ranks has taken the step of buy­ing a home.

Mobbs and Marr Le­gal has ac­quired a two- level of­fice build­ing at 471 Flin­ders St where the prac­tice will re­lo­cate later this year.

Part­ners Jar­rad Mobbs and Bren­dan Marr launched the firm last year and have been op­er­at­ing in leased premises at Sun­corp Plaza.

Both ex­pe­ri­enced lawyers with young fam­i­lies, they felt the time was right not only to es­tab­lish the firm but to put down roots and take a per­ma­nent po­si­tion in the city.

“We think Townsville is a great place and we have a lot of con­fi­dence in the city,” Mr Mobbs said. “The main rea­son for the pur­chase is that we wanted to have a long- term of­fice pres­ence for our cus­tomers and clients. It’s also an in­vest­ment in the busi­ness.”

Mr Marr said they were buy­ing a home for the longterm but also be­lieved now was a good time to buy with an up­swing in the mar­ket on the way.

The firm is among scores of small and medium sized busi­nesses which over the past four years have taken the step of buy­ing their own site rather than con­tinue to rent.

In many cases, buy­ers say that the cost to buy a prop­erty and to ser­vice a mort­gage is lit- tle dif­fer­ent to rent­ing in any case.

Ray White Com­mer­cial agent Troy Townsend said the Mobbs and Marr pur­chase was one of many owner- oc­cu­pier deals in the CBD in the past four years.

He said the trend was well es­tab­lished and now was at a point where it was get­ting harder to find prop­erty to suit buy­ers in the price range up to $ 1 mil­lion.

“I think peo­ple have re­alised they can own their own build­ing in­stead of rent­ing and can use su­per­an­nu­a­tion as a de­posit,” Mr Townsend said.

“It makes it very easy for th­ese small and medium sized busi­nesses to pur­chase their own build­ings.

“This trend has combined with softer prices for prop­erty.”

Mobbs and Marr ac­quired the two- level 250sq m build­ing for $ 630,000.

The 500sq m site pro­vides room for six car parks with ac­cess to Sturt St.

Mr Mobbs is one of only a few ac­cred­ited suc­ces­sion law spe­cial­ists in Queens­land, while Mr Marr prac­tises in fam­ily law and lit­i­ga­tion with a of­fice fo­cus on per­sonal in­jury. They also pro­vide ser­vice in com­mer­cial law and prop­erty.

The busi­ness em­ploys eight peo­ple and has seen steady growth.

“We have been busy. ( Busi­ness) has been bet­ter than it is some­times por­trayed,” Mr Mobbs said.

Jar­rad Mobbs and Bren­dan Marr. Pic­ture: FIONA HARDING

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