07/1259 - Peregian Beach needs assessment [As Published] · 132007.1259

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At present the site operates as Peregian Beach Caravan Park comprising the
following:

One dwelling (caretaker's house);
10 Cabins;

75 powered and non-powered sites;
Areas for camping;

Laundry / amenities block;

Camp oven and barbecue area; and
Workshop.

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The existing holiday park as it stands is not a financially feasible business
operation and is thus, unlikely to survive in its current form. The intention of the
proposed redevelopment is to continue to provide a form of affordable
accommodation, with a commercial component developed concurrently to ensure
the continued long term viability of the overall development site. The proposed
concept- Essence of Peregian Beach (with a total site area of 23,131 Sq M) is
seeking also to improve its contribution to the Peregian Beach locality and
includes:

o Commercial development (generally over lots 8, 9 and 10 fronting David
Low Way) - approximately 2,220 Sq M GFA over two levels with retail
uses on the ground floor (978 Sq M) and office space on Level 2 (978
Sq M).

o Short stay accommodation (of approximately 11,000 Sq M) including:

o 68 Visitor Hostel units (58 shared accommodation units and 10
self-contained units). The shared accommodation units will
feature one and two bedroom units with a dual key
arrangement with shared kitchen and laundry facilities. The
self-contained units, again comprising dual key one and two
bedroom units will contain individual kitchenettes and a shared
laundry.

o 30 Beach Shacks each self contained unit consisting of three
bedrooms.

o Proposed tariffs for the shared accommodation units will range
from $125 per night (one bedroom unit- 2 bed spaces, no
kitchen) to $400 per night (2 x 3 bedroom units with own
kitchen and a total of 18 bed spaces). The anticipated price of
the Beach Shacks is $250 per night.

Surrounding the subject site is a mix of uses including: retail (Home Hardware
and Peregian Beach Hotel) located adjacent to the site on David Low Way and
Peregian Commercial and Retail precinct situated also on David Low Way
opposite the site. Sporting and child care facilities are located to the north of the
site and Noosa National Park to the west. Figures 1.3 and 1.4 illustrate the
regional and local characteristics of the subject site and surrounding land uses.

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Scanlon Property Group - Peregian Beach Needs Assessment . Economics