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

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Table 5.3 outlines the total floorspace requirements for Peregian Beach.

 

 

Table 5.3
Retail Expenditure and Floorspace Demand
Current
On-site population 182,120
Peregian Share of Expenditure $1,772,031
Tourist population within 400 metres 3,901
Peregian Share of Expenditure $43,380
Area of Influence Population (Households) 1,705
Convenience Expenditure $10,177
Convenience Expenditure Potential $17,355,233
Peregian Share of Convenience Potential $6,942,093
Food and Beverage Expenditure $2,498
Food & Bev Expenditure Potential $4,259,551
Peregian Share of Food & Bev Potential $1,064,888
Total Floorspace Requirements Peregian 2,262

 

‘Source: Tourism Research Australia, ABS, Core Economics
Current Dollars - March 2007

Based on Table 5.3, convenience and food and beverage retailers in Peregian
are anticipated to achieve $1.8 million from on-site tourists, $43,380 from tourists
staying in accommodation within 400 metres of the site and $8 million from
residents of the Al. Based on this expenditure, this represents a demand for
2,262 Sq M of convenience and food and beverage retail floorspace. There is
currently 1,450 Sq M of convenience and food and beverage retail floorspace
within the Peregian Retail and Commercial Precinct, therefore there is currently a
shortfall of 812 Sq M of convenience and food and beverage retail.

The subject site is anticipated to comprise of 1,000 Sq M of retail. Based on
industry experience approximately one-third of a typical convenience centre will
be required to cater to local services (non retail uses); including banks, medical
centres, dentists, veterinarians, real estate agents etc. The subject site is
therefore anticipated to consist of approximately 670 Sq M of convenience and
food and beverage retail. With the addition of the subject site, a shortfall of
approximately 145 Sq M will remain. This shortfall is anticipated to increase as
population and expenditure increases.

As the subject site is located across from the Peregian Retail and Commercial
Precinct, it is anticipated to form part of this precinct.

5.4 Commercial Floorspace

The current population of residents of the Al aged over 15 years is anticipated to
be 3,090 residents. The Peregian Retail and Commercial Precinct currently
comprises approximately 750 Sq M of commercial office space. This equates to
approximately 0.24 Sq M of commercial office space per person. Based on
analysis conducted by Core Economics there is estimated to be approximately

h,

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Scanlon Property Group - Peregian Beach Needs Assessment 'ECOROMICS