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

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Section5 Retail and Commercial Assessment

5.1 Introduction

This section provides a retail and commercial overview of the site and surrounds,
as well as an analysis of the expenditure from tourists and residents that will be
captured by the development of short stay accommodation on the subject site.
This has been examined to determine the expenditure potential and floorspace
requirements from the development.

Approximately 1,000 Sq M of retail and 1,000 Sq M of commercial office space is
proposed for development on the subject site.

§.2 Retail and Commercial Infrastructure

Existing retail and commercial infrastructure surrounding the subject site is
located in Noosa, Coolum Beach and Peregian Beach.

Supermarket anchored centres in Noosa include the 4,414 Sq M Noosa Village
Shopping Centre, anchored by a 2,582 Sq M Woolworths, the 4,756 Sq M Noosa
Junction Plaza, anchored by a 2,155 Sq M Supa IGA and the 7,910 Sq M Noosa
Fair Shopping Centre, anchored by a 3,766 Sq M Coles. Strip based retail in
Noosa is concentrated on Hastings Street and Sunshine Beach Road. Noosa
also comprises of approximately 20,000 Sq M of commercial office space.

Retail in Coolum Beach comprises of the 2,818 Sq M Coolum Shopping Village,
anchored by an 803 Sq M Supa IGA and Coolum Park Shopping Centre,
anchored by a Woolworths. Retail in Coolum Beach also comprises of strip
based retail along David Low Way.

Existing retail in Peregian Beach is centred around the Peregian Retail and
Commercial Precinct, which is bordered by Heron Drive, Kingfisher Drive, Grebe
Street and David Low Way. The Precinct has a total of approximately 4,121 Sq
M of retail and commercial floorspace, comprising of 995 Sq M of convenience
retail, 741 Sq M of retail services, 455 Sq M of food and beverage retail, 574 Sq
M of clothing retail, 750 Sq M of commercial floorspace and 605 Sq M of other
retail.

Table 5.1 provides an overview of the existing retail and commercial
infrastructure surrounding the subject site in the Peregian Retail and Commercial
Precinct.

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Scanlon Property Group - Peregian Beach Needs Assessment -Feonomics