Attachment 7 - Economic Need and Impact Assessment · MCU13/0251

3.2.2 Centres Proximate to the Trade Area
Peregian Springs Shopping Centre
Peregian Springs Shopping Centre is located at 1 Ridgeview Drive, and is located within the
Peregian Springs residential estate. Peregian Springs Shopping Centre is located approximately
3.7 kilometres from the proposed development.
The centre is anchored by a Coles supermarket (2,800m2) with other retail tenancies including
Peregian Springs Meat, Essential Grain Bakery, Pizza Capers and Livelife Pharmacy. Non-retail
tenancies at the centre include Jetts, Peregian Springs Vet Surgery, a medical centre,
physiotherapist and dentist. At the time of inspection, there was one vacancy identified within
the centre.

Coolum Beach Village Centre
The Coolum Beach Village Centre comprises Coolum Shopping Village (located on Birtwill
Street) and frame and retail activity on the Coolum Esplanade. The Coolum Beach Village
Centre is located approximately 5.6 kilometres from the proposed development.

Coolum Village
Coolum Village is located on Birtwill Street, Coolum Beach and was recently redeveloped, with
the previous centre anchor (IGA) replaced with a 2,500m2 Coles supermarket. Coolum Village is
an estimated 4,553m2 in size, with specialty tenancies including Video Ezy, Coolum Surf, Livelife
Pharmacy and a newsagent. There were two vacancies identified at Coolum Village, accounting
for 3.7% of total floor space at the centre.

Coolum Esplanade Retail
Retail activity along the Coolum Esplanade is focussed on dining & takeaway food (23.6% of
total floor space) and personal & other goods retailing (15.9% of total floor space). A number of
commercial office tenancies were also identified along the Coolum Esplanade, including real
estate agents, banks, accountants and legal services.

Yandina-Coolum Road Retail
Strip retail totalling approximately 2,294m2 was identified on the corner of Yandina-Coolum
Road and South Coolum Road and Greenoaks Drive, Coolum. This centre is located
approximately 8.6 kilometres from the proposed development.
The strip retail on the corner of Yandina-Coolum Road and South Coolum Road was anchored
by a Friendly Grocer (200m2), with other tenancies including Coolum Cycles, Network Video,
Aquarelle Skin & Beauty and Eagle Boys Pizza. One vacant tenancy was identified at the centre,
previously occupied by Thrifty Link Hardware.
Tenancies identified on Greenoaks Drive included Jetts, Paint City, Coolum Car Bitz and the
Salvation Army.

Coolum Park Shopping Centre
Coolum Park Shopping Centre is located on South Coolum Road, approximately 8.8 kilometres
from the proposed development, and is an estimated 3,992m2 in size. The centre is anchored by
a 2,800m2 Woolworths, with other tenancies including Suncoast Medical Centre, Livelife



Peregian Village Market Economic Need and Impact Assessment                                  12
December 2013 13034 Report Rev 0