MCU10/2083 Development Application part 2 - Attachment 4 - Economic Impact and Need Assessment

4          Centre Performance and Impact
           This section sets out the likely performance and feasibility of the proposed
           Noosaville convenience retail centre and discusses its implications with respect
           to impacts upon the existing network of centres serving the Noosa area.

4.1        CENTRE PERFORMANCE PROSPECTS

           The proposal’s future performance will depend, in part, upon its mix of retail
           and other uses, available pool of retail spending and future growth potential.

4.1.1      Tenancy mix

           The tenancy mix has been prepared to denote the centre’s role and function as
           convenience retail centre. The applicant has to-date received expressions of
           interest from Night Owl, Nando’s, Noodle Box, and Pizza Hut, and these are
           incorporated as part of the tenancy mix. (Refer to Appendix B for letters of
           interest).
           The mix of tenants is expected to include a range of convenience retailers that
           would complement the existing choice of retailers within the area, particularly
           those within the Noosaville Business Centre.
           The subject development would be anchored by a convenience store (i.e. Night
           Owl or 7-11). Its tenancy mix is proposed to comprise several take away food
           retailers operating extended trading hours, thereby addressing the limited
           choice of such facilities in the area.
           Table 4.1 sets out an indicative tenancy mix for the proposed centre.

           Table 4.1:      Indicative tenancy mix, proposed Noosaville convenience retail
                           centre
                                              Take home        Meals out/                    Homewares              Total
                                                    food       take away          Apparel     & services
             Shop type                              (m²)             (m²)            (m²)           (m²)
             Convenience Retail
             Convenience store                       125                                              18            143
             Bakery/patisserie                       144                                                            144
             Deli/café                                                165                                           165
             Takeaways                                                352                                           352
             Total convenience retail                269              517           -                 18            804
             Professional services                                                                                  111
             Total centre*                                                                                          915

           * A further 98m² is provided for alfresco dining. Source: Marquette Properties and Foresight Partners.




Noosaville Convenience Centre EIA
10034 Rev 1
19 October 2010                                          27