Attachment 7- Economic Impact Statement

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                               Noosa Civic Village total sales

                               The proposal makes allowance for 4,000 sqm of other shops to be located on either side
                               of the Village Green and along Main Street.

                               These tenancies are likely to accommodate retail shops and food and drink premises,
                               although the mix will evolve as the development is implemented and during its operation.

                               For the purposes of forecasting future sales performance, Table 12 provide an indicative
                               distribution of floorspace by type, and applies typical industry averages to estimate total
                               turnover. Note that the estimate is based on all of the 7,500 sqm within the ‘VMU
                               precinct’ component of the development being for retail shops, although it is likely that
                               some space may be taken by other non-retail occupants.

                               As shown in the table, the non-supermarket tenancies are forecast to generate total sales
                               of $31.8m during the first year of trade (2027). Total sales across the proposed Noosa
                               Civic Village is therefore forecast to be $74.6m when the supermarket component is
                               included.

Table 12—Total Noosa Civic Village sales

Use                                                                       GFA (sqm)                          Average sales       Total sales
Supermarket (refer Table 11)                                                    3,500                              $12,234             $42.8
Other retail
   Fresh food                                                                     700                                $9,500             $6.7
   Food dining                                                                    820                                $8,000             $6.6
   Non-food                                                                     2,480                                $7,500            $18.6
Sub-total non-supermarket                                                       4,000                                $7,953            $31.8
Total Noosa Civic Village                                                       7,500                                $9,951            $74.6

Source: Deep End Services



                               Noosa Stage 2 Retail

                               Total future turnover at the Noosa Stage 2 Retail development is relevant to examine
                               potential cumulative impacts associated with the two developments within the NBC.
                               An indicative sales forecast is presented in Table 13, which is based on an expectation
                               that the focus would be on non-food tenancies across leisure, apparel and homewares
                               categories. This expectation is consistent with the intention to widen the appeal of the
                               Noosa Civic facility overall by delivering a range of retail options not otherwise present,
                               thereby assisting in retaining spending that would otherwise be directed outside the
                               catchment.
                               Total sales at the Stage 2 Retail development is forecast to be $43.4m, with the resulting
                               combined turnover across both application sites therefore $118.0m in 2027.




                               Noosa Village Mixed Use Development – Economic Impact Statement for Development Application    Deep End Services