Archerfield Speedway to become tip
Scrap metal king and racehorse owner Ron Walness has sold the recently closed Archerfield Speedway he established 44 years ago.
The octogenarian with his wife, Judy, is banking $19-$19.25 million for the 6.45 hectare facility which hit the market last August as one of the city’s largest large scale industrial infill sites.
The buyer is materials management, land remediation and plant hire group, Landtrak; it is expected to repurpose the property as a recycling facility to occupy.
Cushman & Wakefield’s Morgan Ruig and Matt Richards with CG Property Group’s Michael Callow and Michael Richardson were the agents.
In Acacia Ridge, adjacent to Archerfield Airport, the block is 15 kilometres south of Brisbane’s CBD and twice that distance to the Port of Brisbane and Brisbane Airport.
Next chapter for prime site
For decades home to the national championships, monster trucks and world series sprint cars, Archerfield Speedway at 55-63 Colebard Street West has since 2000 been managed by husband and wife, John and Kathy Kelly.
The last race ran on June 3 (story continues below).
Speedway Australia is understood to be in talks with the state government to secure a new track, possibly of over 15ha at Willowbank, south west of Ipswich, c45 km from Acacia Ridge.
Elsewhere in Queensland, the racing club competes at Carinya and Fraser Shores speedways, near Bundaberg, and Hi Tech Oils Toowoomba Speedway.
Landtrak, which moves over 10 million cubic metres of construction materials annually, will operate the facility alongside others.
“The campaign attracted a range of buyers from owner occupiers to developers and even other groups looking to continue the operations as a speedway,” Mr Callow said.
Mr Ruig added “the proximity to…key arterials served Landtrak’s purpose perfectly as it’s one of the last sites so close to the CBD with the correct zoning”.
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