GC Airport snaps up old Tweed drive-in site
THE former Tweed Heads Drive-In has been purchased by the Gold Coast Airport for $11.45 million.
The 5.15 hectare site at 1 Wollemi Place, Tweed Heads West, was sold by Colliers International on behalf of prominent businessmen John Nosworthy and Glen Dawney, of the Boyd’s Bay Group.
They operate Boyd’s Bay Garden World at the site.
The sale follows the recent announcement of the airport’s $300m redevelopment plan, including two new wide-bodied aircraft stands, a three-level terminal with four aerobridges and improved ground transport facilities.
A high profile five-week national marketing campaign by agents James Crawford and Darrell Irwin generated more than 40 enquiries and resulted in four competitive bids from local and interstate buyers.
Mr Crawford said the site was marketed as being granted a Development Approval for a Masters Home Improvement store, $200,000 holding income, exposure to the M1 Pacific Mwy and access to the Gold Coast Airport.
“The site offers excellent future development for uses including: bulky goods, child care, garden centres, hardware and building supplies, hotel or motel accommodation,” Mr Crawford said.
In the last 12 months the airport has extended its landholdings by 14ha and is reportedly circling other nearby properties to cater to an increase in international passengers.
The news comes ahead of a December Commonwealth Administrative Appeals Tribunal hearing which is challenging the approval of Gold Coast Airport’s instrument landing system at West Tweed.