Appendix F- Economic Impact Assessment · MCU23/0078

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6.3 Noosa Civic     The proposed Noosa Civic Village is forecast to achieve total sales of approximately
Village sales       $120.3m in 2027 during its first full year of operation, as summarised in Table 10.

                    This forecast is based on the following:
                    •     The supermarket operator is assumed to be a full-line national brand;
                    •     One of the mini major tenancies is likely to be a food retailer and the other would be
                          in a leisure or general retail category;
                    •     Of the remaining food specialties, approximately 1,000 sqm would be associated
                          with food and drink outlets and other food retail types, with the remainder in non-
                          food and retail services; and
                    •     The centre would trade at healthy levels across the supermarket, mini-majors and
                          specialty categories, reflecting the existing strong position of Noosa Civic, the
                          additional attraction of catchment residents and visitors to the entertainment
                          precinct, and the introduction of a local worker and resident population within the
                          NBC precinct.

                    It is important to appreciate that the $120.3m in sales at Noosa Civic Village does not
                    represent the net addition to total sales within the NBC (ie incorporating Noosa Civic and
                    the Showroom precinct), as some redistribution of spending from the existing Noosa
                    Civic to Noosa Civic Village will occur. These changes in sales at the existing components
                    of the NBC are examined as trading impacts in section 6.4.

Table 10—Noosa      Use                                                                  GFA (sqm)                Average sales       Total sales
Civic Village       Supermarket                                                               3,474                    $12,500             $43.4
forecast sales
                    Mini majors                                                               2,506                     $6,240             $15.6
Source: Buchan;     Other shops                                                               7,720                     $7,930             $61.2
Deep End Services   Total                                                                    13,700                     $8,780            $120.3




                    After 2027, sales growth will occur generally proportionately with growth in total
                    catchment spending as described in section 5.2 (refer Table 5), possibly with slightly
                    higher-than-average sales growth at Noosa Civic Village given the typical maturation
                    profile for a development such as this.




                    Noosa Village Mixed Use Development – Economic Impact Statement for Development Application                   Deep End Services