D - Economic Impact Assessment Addendum by Location IQ (6.08.19)

  iii.   The design of the proposed development, including an easily accessible provision of car parking and
         high-profile location, would be highly convenient for local families who would visit Noosa Business
         Centre on a regular basis.

Conclusion

  i.     In summary, the above analysis supplements the information provided in the EIA report which clearly
         highlights a need for the proposed Noosa Marketplace development, based on the undersupply of
         large format retail and non-retail showroom floorspace within the defined total trade area.

  ii.    No one centre or precinct will be materially impacted by the proposed development, with all projected
         impacts being less than 10% i.e. within the normal competitive range. Further, growth in population
         and large format retail spending within the total trade area will ameliorate any impacts on existing
         retailers.

  iii.   There is also need for a food catering tenant at the site, based on demand generated by patrons to
         Noosa Marketplace, leaving aside demand generated by the immediate worker population and other
         visitors to broader Noosa Business Centre precinct. There are a number of national brand
         café/restaurant operators which are not currently represented which would add choice and competition
         within the total trade area.

  iv.    The above analysis is based on well established, credible information sources and methodologies.




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