Appendix G. Economic Report

                                                                 Service Station and Convenience Retail Assessment
                                                                                175 Eumundi Noosa Road, Noosaville




retained expenditure is projected to grow to $81.8m. This does not include expenditure generated by the local
business and non-residential activity or by-passing traffic and visitors. As such, the results are regarded as
conservative and defensible.

                        Table 5 Locally Retained Expenditure, Park Ridge Catchment

 Retained Expenditure                                   2016             2018             2026            2031
 Supermarket and grocery stores                       $35,768,057      $36,815,657     $41,322,001      $44,414,454
 Liquor retailing                                      $5,117,497       $5,267,382      $5,912,125       $6,354,576
 Furniture, floor coverings, houseware and textiles    $1,441,699       $1,483,925      $1,665,561       $1,790,208
 Electrical and electronic goods                       $1,655,333       $1,703,815      $1,912,367       $2,055,485
 Hardware and building supplies                        $1,868,654       $1,923,385      $2,158,813       $2,320,374
 Garden supplies                                        $195,240          $200,958        $225,556         $242,436
 Clothing retailing                                    $4,225,163       $4,348,912      $4,881,232       $5,246,533
 Footwear and other personal accessories               $1,459,450       $1,502,196      $1,686,069       $1,812,251
 Newspaper and book                                    $1,385,280       $1,425,853      $1,600,381       $1,720,150
 Sport and camping equipment                           $1,168,416       $1,202,638      $1,349,844       $1,450,864
 Home Entertainment                                     $802,777          $826,289        $927,429         $996,836
 Toy and game                                           $542,544          $558,434        $626,788         $673,695
 Pharmaceutical, cosmetic and toiletries               $4,602,833       $4,737,644      $5,317,545       $5,715,499
 Other retailing                                       $4,281,555       $4,406,956      $4,946,381       $5,316,558
 Cafes, restaurants and catering                                $0               $0               $0              $0
 Takeaway food services                                         $0               $0               $0              $0
 Household Appliances                                  $1,355,263       $1,394,956      $1,565,703       $1,682,877
 Motor vehicle and fuel retailing                               $0               $0               $0              $0
 Total                                                $65,869,760      $67,798,998     $76,097,794      $81,792,797
 Local Retention Rate                                          45%              45%              45%             45%


3.3           Existing Informal Retail Uses on the Subject Site
The Subject Site currently accommodates 725sqm of Gross Floor Area. This includes “Manuka Produce” – a
grocer, fruit and vegetable shop and juice bar. This activity is accommodated within Building A and utilises
slightly more than half of the floor area (total 418sqm) for trading floor space (estimated at approximately
250sqm).
Building B includes “Captain Sip Sop’s Barber and Outfitters”. This tenancy includes a barber, clothing retail
and café services. An exact trading area for this Building is unclear, though barber and café uses are excluded
from this assessment. RPS has assumed that 100sqm of floor space in Building B is retail trading area.
This current land use is not approved by Council either specifically or as a permissible use under the Noosa
Plan. It is currently operating and serving the Noosa community as an unapproved, informal activity. Despite
this informality, Manuka Produce is currently drawing expenditure from households and individuals in the
region that is not being spent at formal retail shopping centres and tenancies.
This means that the expenditure directed to current informal retail uses, must be considered when
assessing the potential trading impacts of the proposed 123sqm of convenience shop retail floor space
in the Proposed Development.




   138303-1 | 5 December 2017                                                                                    21