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

. Page?

 

person, an undersupply of 4,379 Sq M exists within the Peregian community. The inclusion of the
proposed 1,000 Sq M of commercial office space will reduce the undersupply to 3,379 Sq M and
improve the office space per capita ratio to 0.57 SqM.

Occurrence of Relocations

o The proposed commercial will also provide space for services located in retail shop-front space within
the existing Peregian Retail and Commercial Precinct, leaving retail space for retailers and enabling
better overall use of the existing Peregian centre.

 

Conclusion | Caravan parks have a limited future. While Council operated parks are not income focused, private
operations like that of Peregian Beach Caravan Park must remain financially feasible in order to continue
operation. The closure of the Peregian Caravan Park in its current state is unavoidable due to the increasing
level of financial losses suffered.

Due to the constrained supply of budget accommodation and the current predominance of upper-end tourist
accommodation product on the Sunshine Coast a definite need exists to improve the range of tourist
products in order for the Sunshine Coast to retain its current share of source markets and increase retum
patronage, particularly when considered with the anticipated tourist and South East Queensland population
increases.

Budget parks such as that of the proposed will help to fulfil this role on the Sunshine Coast. Significant
demand exists for each of the proposed development components (accommodation, retail and commercial).
The intention of the proposed redevelopment is to not only continue but increase the provision of budget
accommodation, supplying four times as many bed spaces across a mix of unit types. As a result, the
proposed accommodation will have increased critical mix and mass, which when combined with the
additional retail and commercial components, will allow for a better provision of services to the public and
better use of the land. The related commercial and retail component will not only help to ensure the
continued long term viability of the overall development site, but will also help to service the current
undersupply of office space and convenience and food and beverage services in Peregian Beach. The
interretatedness of the development components is a key factor to the concept’s overall success; with the
commercial facilities acting to promote the economic longevity of the budget accommodation, and the onsite
retail facilities catering primarily to intemal demand from visitors.

The proposed development will help to fulfil the desired environmental outcomes outlined in the Noosa Shire

Planning Scheme by:

© The site being a natural area of expansion for the existing Peregian retail centre;

o The accommodation component enabling the Sunshine Coast {of which is dominated by upper-end
tourist accommodation facilities) to provide a greater range of accommodation options, enabling a more
diverse tourist market of which is ultimately less vulnerable to economic volatility;

o Making a greater economic contribution to the Peregian Beach locality and strengthening the area as a
retail and commercial node.

A greater range in product will also facilitate the Sunshine Coast in remaining competitive as a tourist
destination, particulary against the Gold Coast which has increasing accommodation choice and price
options. The social benefits of the proposed development can also not be underestimated. The
accommodation component will allow the continuation of affordable holidays for budget conscious families
and individuals, a particularly important consideration when the region's largest source market (South East
Queensland) are facing rising travel costs associated with fuel price increases.

 

 

 

 

\ Core

Scanlon Property Group - Peregian Beach Needs Assessment ‘Eeonomiss