Attachment 2 - Economic Needs Assessment

         Introduction
Bull and Bear Economics was engaged by Kings Group (QLD) Pty Ltd to prepare an economic
needs assessment for a proposed car wash facility at 30-34 Elm Street, Cooroy, otherwise described
as Lots 4-6 RP72698 (“Subject Site”). The Subject Site falls within the District Centre Zone under the
Noosa Plan 2020. The subject site is located between two existing service stations: Wessel Petroleum
to the north and BP Cooroy to the south.

1.1 Report Structure
This report is structured as follows:
    +   Section 1 – Introduction: purpose of the study and structure of the report;
    +   Section 2 – Proposed Development: discusses the layout of the proposed car wash at the
        Subject Site;
    +   Section 3 – Service Catchment Analysis: defines the trade areas for assessment; examines the
        historical and projected population and dwellings of the trade areas; and provides a
        demographic and socio-economic profile of the trade areas against relevant benchmarks
        (i.e. Noosa LGA and Queensland);
    +   Section 4 – Supply Analysis: provides a supply audit of existing car wash facilities within and
        surrounding the trade areas. It also considers whether there are pending or approved
        dedicated car wash developments within and surrounding the trade areas;
    +   Section 5 – Car Wash Industry Overview: examines the environmental impact of home car
        washes, the benefits of a commercial car wash and outsourcing trends within Australia;
    +   Section 6 – Demand Analysis: based on research from previous sections and additional
        datasets, this section provides demand estimates for car wash facilities within the defined
        trade areas;
    +   Section 7 – Alternative Sites Assessment: examines other appropriately zoned sites within the
        defined trade areas that could potentially accommodate a car wash facility of the size and
        scale proposed for the Subject Site; and
    +   Section 8 – Impact Assessment: assesses the impact of the proposed development. It also
        considers the supply demand balance of car wash facilities within Noosa LGA; and
    +   Section 9 – Economic Need Assessment: examines the economic, community and planning
        need for the proposed car wash facility.




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