The iconic Blue Duck restaurant in North Cottesloe has been bought by Graham Edwards, owner of Scarborough's Villa Bianchi.Mr Edwards this afternoon confirmed he would be taking over the business on February 28.Formerly owning a 50 per cent stake in Joondalup outlet The Old Bailey, Mr Edwards is going into partnership with his daughter and son in law in the Blue Duck.WA Business News reported last week that 17 years after opening the restaurant former owner, Kim Gamble has sold up to "simplify" his life.The purchase price is not known.Mr Gamble said he would be focussing his energy on his neighbouring beachside business, Barchetta, after the pressures and red tape of running a small business were becoming too much."I do love the Blue Duck, and it was a very emotional decision which wasn't easy, but after 17 years I have decided to simplify my life," he said last week.The Blue Duck restaurant's premises are owned by the North Cottesloe Surf Life Saving Club, one of Australia's most popular and profitable surf life saving clubs.North Cottesloe SLSC has a 50-year peppercorn rental lease it entered into with the Department of Land Administration for its beachfront rooms. As previously reported by WA Business News, rent received from the Blue Duck restaurant provides between 35 per cent and 40 per cent of the club's $500,000 annual revenue.
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