Rich lister Avi Silver, co-founder of United Petroleum, buys site in Upper Coomera on Gold Coast for new service station

The boss of one of Australia’s biggest petrol chains has bought a northern Gold Coast site with plans to add to the company’s portfolio of service stations.

The parcel of land at the intersection of Kristins Lane and Days Rd, Upper Coomera, where a service station is planned.

THE boss of one of Australia’s biggest petrol chains has bought an Upper Coomera site for $8 million with plans to add to the company’s portfolio of service stations.

Topmore Pty Ltd, which has United Petroleum co-founder Avi Silver listed as sole director and shareholder, has bought the 2.64ha parcel at 87 Days Rd.

The seller was Silverstone Developments, linked to Troy Daffy.

The property is a corner parcel located at the intersection of Kristins Lane and Days Rd and adjoins the Coomera Square shopping centre.

Avi Silver. Picture: David Geraghty

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Its mixed-use zoning allows for medical/health care services, bulky goods/showrooms, self-storage, fast food drive through restaurants and service stations.

Mr Silver is planning to use a portion of the site for a service station. Plans for the balance of the land are unknown.

Colliers International’s Hunter Higgins, who acted as marketing agent, said the expressions-of-interest campaign drew 100 inquiries from Gold Coast and national developers looking for mixed-use development sites, fast food chains and owner-occupiers.

Mr Higgins said the service station will be located on the eastern side of the site at the corner of Kristins Lane.

The Westfield Coomera shopping centre has helped to fuel development activity in the area.

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He said the Coomera area has seen strong activity since Westfield Coomera opened.

“That has ignited the area and increased traffic flow, which has brought confidence to the businesses operating within the region,” he said.

“The site is located in the middle of the existing medium-high density residential catchment area and major development projects.

“This is one of the key reasons we had so many developers interested, as they understand the potential this site brings.”

Mr Silver made headlines last year when he and fellow director Eddie Hirsch lost a lawsuit against United’s former law firm, Herbert Smith Freehills, and its former independent chairman, Martin Hudson over a failed sharemarket float.