Changes to Report to incorporate Attachment H · MCU13/0092

Feresight

partnersen!

¢ 105m? Newsagent;

e 159m? Chemist;

¢ 108m? Hot Bread (Bakery); and
¢ 100m? Australia Post.

Vehicle entry and exit is proposed to David Low Way and will provide direct access to the
main Peregian Beach thoroughfare. The centre is intended to provide a range of
convenience services and shopping as well as food services for the residents of Peregian
Beach.

1.1. Purpose of Report and Methodology

Foresight Partners Ltd was commissioned to prepare this economic impact and needs
assessment for the proposed centre. The primary objectives of this assessment are to:

. assess the market prospects of the proposed centre;

. evaluate its potential adverse economic impacts upon the viability and vitality of
other centres including Peregian Beach Village Square, and its implications for
other approved or planned centre development; and

° assess the community need for the proposed centre, and the potential benefits
and dis-benefits accruing to the Peregian Beach community.

In preparing this report, a number of investigations were undertaken. These included:

® areconnaissance of the Peregian Beach area, undertaken in January 2013, noting
the position of the site, surrounding land uses and accessibility;

e determination of the centre’s likely trade area, based upon the location of other
centres, their functional role and competitiveness, the road network, topography
and other factors;

e a reconnaissance and inventory of retail centres in and near the defined trade
area, noting their retail composition, role and function, vacant space and other
observable characteristics to assist in the assessment of potential impacts and
benefits of the proposed centre;

e preparation of population and household projections for this trade area based on
historic dwelling approval data, and population projections for the Peregian Beach
area;

e extraction and examination of the socio-economic characteristics of trade area
households as derived from the 2011 (and 2006) Census and interpretation in
terms of demand for the dining and convenience based retail activity;

« estimation of the pool of expenditure available from trade area households at June
2011 (the base year for this analysis) and forecasts of how this pool will increase
over time (in constant December 2012 dollar values); and

 

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