The 5.15 hectare site at Tweed Heads West now for sale after being previously approved as a Masters Home Improvement site.
The 5.15 hectare site at Tweed Heads West now for sale after being previously approved as a Masters Home Improvement site. Contributed

Iconic Tweed site up for sale

A VACANT Tweed site, once home to the region's much-loved drive-in movie theatre, has been placed on the market.

The 5.15 hectare site at 1 Wollemi Place, Tweed Heads West, which still bears the remnants of the 26 metre high film screen, is adjacent to the Pacific Highway and in close proximity to the expanding Gold Coast Airport.

The site had been approved for a Masters Home Improvement Store, before the company folded last month.

James Crawford and Darrell Irwin of Colliers International are marketing the site via an offer to purchase campaign which closes on March 17.

Mr Crawford said the DA approved site has holding income of $200,000pa, exposure to the M1, easy access to the Gold Coast Highway and the Gold Coast Airport.

"The land was under contract for a Masters bulky goods development until 2015, which subsequently didn't go ahead. The site has now been placed on the market," he said.

Mr Irwin said multi hectare sites were in very limited supply between Burleigh and Tweed Heads.

"This is a great development opportunity, subject to council approval, for a number of uses including bulky goods, child care, garden centres, hardware and building supplies, hotel or motel accommodation, neighbourhood shops, offices, warehouses or distribution centres," he said.

The Gold Coast Airport recently received government approval for a $300 million redevelopment plan, which will incorporate two new wide-bodied aircraft stands and a three-level terminal development, with four aerobridges and improved ground transport facilities.

Subsequent stages of the project are scheduled for completion in late 2018 and late 2020 and include further enhancements to the airport's existing terminal.



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