Changes to Report to incorporate Attachment H · MCU13/0092

Feresight

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The field investigations revealed only one retail vacancy within Peregian Beach Village
Square, an upstairs tenancy adjacent to the Village Square in the newly constructed
Peregian Boardwalk. However, discussions with local agents and research conducted via
www.realcommercial.com.au have identified there are two small retail tenancies coming
available for lease in the Village Square, providing a combined retail vacancy of 97m’.
There are six vacant commercial tenancies in the Village Square and Peregian Boardwalk
area totaling 249m”. There is a further 400m? (approximately) of vacant commercial space
in the newly constructed Marquesas buildings along David Low Way (adjacent to the
subject site).

In addition, a material change of use development approval has been granted over the
caravan site at 15-19 David Low Way. Stage one of the development will include a
commercial building fronting David Low Way, including a 306m? restaurant , 387m? of
retail on the ground level and 58 bed visitor accommodation on the upper level. Of the
387m? allocated to retail tenancies, it is expected that a food store will occupy one of the
tenancies comprising approximately 150m’. These uses are expected to be largely
complementary to the proposed development.

South

Peregian Springs, located around 4.3 kilometres to the south of Peregian Beach, is the
nearest location with a full line supermarket. The Neighbourhood Centre is comprised of a
Coles supermarket (2,794m’) and an additional 18 retail specialty and commercial
tenancies. There were three observed vacancies in this centre.

The Coolum Beach area, approximately 6.5km south of Peregian Beach, is the nearest
location with a full line Woolworths. It has two full-line supermarkets and one smaller
grocery store:

e A Woolworths supermarket (2,800m’) is located in Coolum Park Shopping Centre
on South Coolum Road at the intersection with Yandina-Coolum Road, some
9.6km from the subject site.

e Anew 2,500m? Coles supermarket located in Coolum Shopping Village, on Birtwill
Street, around 6.2 km from the subject site. The Coles replaced the IGA that was
situated there previously.

e A Foodworks store is located on Yandina-Coolum Road, approximately 7.9km
from the subject site.

North
The nearest food stores to the north of Peregian Beach are:

e A 520m? Foodworks store located at Sunrise Beach, some 8.9km from the subject
site; and

e A 260m? Foodworks store located at Sunshine Beach, some 9.1km from the
subject site.

 

Needs Assessment, Peregian Beach Centre
13002 Rev 2
19 February 2013