20517 App H.pdf [As Published] · 132007.1259

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Section5 Summary and Recommendations

51 Summary
The following factors contribute to the best use recommendations listed
below:
Site

o Has good access, exposure and is within the physical boundaries
of existing retailers

o Currently zoned as residential. Development outside a designated
centre will not be supported unless the sufficient level of economic
need can be shown to Noosa Shire.

o Land to the north of the Peregian Shopping Village is most rational
direction for centre’s expansion. The subject site is separated from
existing retail by David Low Way and the car park of the Peregian
Shopping Village.

co The site is across David Low Way from the quietest portion of the
existing centre (solicitor, florist, beauty/health).

The site requires a mix of uses which will operate primarily on the centre's
own patronage as physical barriers such as David Low Way and the car
park create weak linkages to the existing centre.

Retail Infrastructure

The most significant change in retail infrastructure will be the introduction of
a supermarket anchored centre at the entrance to Peregian Springs. This
centre will recapture a large proportion of supermarket and convenience
retail currently being captured by Peregian Beach, Coolum and, to a lesser
extent, Noosaville.

A proposed bulky goods centre, which includes a Bunnings, will restrict the
opportunity for bulky goods retailing on the site and will have some impact
on the Home Hardware store’s market penetration. Bulky goods retailing is
generally not suited to the area as it is not as convenient to the broader
markets to which larger concentrations of facilities at Noosa and Coolum
trade.

Market Synopsis and Performance

Supermarkets at Coolum and Noosaville capture expenditure escaping from
the defined areas of influence for the subject site. The supermarket at
Peregian Springs (construction begins November 2006) will recapture a
major proportion of this expenditure. Future growth is expected to occur
central to the new centre.

Convenience retail at the Peregian /shopping Village is currently estimated
to be achieving a 19% share of convenience retail spending - well above the

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06/0043 Opportunity Analysis - Peregian Beach Caravan Park Economics