Brisbane`s Growth Location

Brisbane’s
Growth Location
Exciting retail opportunities in an established centre
thelocation
Park Ridge Town Centre is a well-established and strong performing retail centre in the fast growing
southern suburbs of Brisbane. It is prominently positioned on the Mt Lindesay Highway, the main
north-south arterial road for the region, and is a central hub for the local area due to its close proximity
to schools, public transport and other community facilities. As at 31 January 2014 specialty retail
sales were $9,390psq.m
compared to the Urbis 2013 Benchmark of $6,273 representing equating
Park Ridge Village, Brisbane – Assessment of Market Potential to 50% above benchmark.
Servicing a main trade area of approximately 50,000 people, forecast to grow at more
MAP 1.1 – REGIONAL CONTEXT than 2% per annum,
Park Ridge Town Centre is about to undergo a major upgrade and expansion
to meet the needs of the growing local community. The development is proposed to commence
mid 2014 with completion scheduled for late 2015, delivering a vibrant new town centre destination.
The new-look centre will be anchored by supermarkets from both Woolworths and Coles,
entrenching Park Ridge Town Centre’s standing as the dominant retail centre for this dynamic and
fast-growing region. The centre on completion is forecast to have $70.1m of supermarket sales.
This presents exciting opportunities for a range of specialty retailers to capitalise on the expansion
of an established retail property with an excellent trading record as it evolves into a modern day
one-stop convenience shopping centre for the local community that it serves.
* All dates are subject to change.
** Source: Park Ridge Village, Brisbane. Assessment of Market Potential. Prepared for Rifici Group August 2012 by Location IQ
mt lindesay hwy
park ridge rd
crest rd
park ridge primary school
park ridge high school
Park Ridge Town Centre Mt Lindesay Hwy, Park Ridge 4125 QLD
2
tradearea
Park Ridge trade area is forecast to experience significant growth
BROADHECTARE, 2009
Park Ridge Village, Brisbane – Assessment of Market Potential MAP 2.2 – BROADHECTARE, 2009 2006-2026
MAIN TRADE AREA POPULATION,
Forecast
Trade Area
Estimated
Population
Sector
Resident Population
2006
2011 2013 2016 2021 2026 Primary Sector
9,590
9,850
10,050
10,800
13,300
16,550
Secondary Sectors
• North
14,750
15,720
16,120
16,570
17,320
18,070
• East
7,960
8,670
8,970
9,720
12,220
16,470
• South
5,470
5,540
5,570
5,615
5,665
5,715
• West
4,330
5,430
5,690
6,080
6,580
7,080
Total Secondary
32,510
35,360
36,350
37,985
41,785
47,335
Main Trade Area
42,100
45,210
46,400
48,785
55,085
63,885
Average Annual Change (No.)
2013‐2016
Primary Sector
2016‐2021
2021‐2026
250
500
650
• North
150
150
150
• East
250
500
850
Secondary Sectors
• South
15
10
10
• West
130
100
100
Total Secondary
545
760
1,110
Main Trade Area
795
1,260
1,760
Average Annual Change (%)
2013‐2016
Primary Sector
2016‐2021
2.4%
4.3%
2021‐2026
4.5%
Secondary Sectors
• North
0.9%
0.9%
0.9%
• East
2.7%
4.7%
6.2%
• South
0.3%
0.2%
0.2%
• West
2.2%
1.6%
1.5%
Total Secondary
1.5%
1.9%
2.5%
Main Trade Area
1.7%
2.5%
3.0%
Brisb Metro Average
2.0%
1.9%
1.7%
Australian Average
1.4%
1.3%
1.2%
* All figures as at June
* All figures are based on 2011 SA1 boundary definition with the exception of 2006 which is based
on 2006 CCD boundary definition. 2011 ERP is calculated using 2006 enumeration factor.
Sources : ABS; QLD OESR
24 Source: Park Ridge Village, Brisbane. Assessment of Market Potential. Prepared for Rifici Group August 2012 by Location IQ
Trade Area Analysis 3
areaoverview
•The
main trade area population was estimated at
45,210 persons in 2011 and is projected to increase
to 63,885 persons by 2026, representing an average
annual growth rate of 2.1%.
• The primary trade area population growth is estimated
at 2.4% by 2016 compared to the Australian average
of 1.4%.
• Total retail expenditure within the main trade area is
PARK RIDGE VILLAGE TRADE AREA & COMPETITION
Park Ridge Village, Brisbane – Assessment of Market Potential MAP 2.1 – PARK RIDGE VILLAGE TRADE AREA & COMPETITION ent of Market Potential AGE TRADE AREA & COMPETITION estimated at $496.2 million and is forecast to increase
to $986.3 million by 2026, representing an average
annual growth rate of 5%.
• This southern region of Brisbane has been identified
as a key growth region according to the South East
Queensland Regional Plan 2009-2031.
•Residents
of the trade area are younger with an
average age of 33.4 years, compared to the Brisbane
average of 36.2 years.
•Overall, the household structure of the main trade
area indicates a higher than average proportion of
households consisting of traditional families (i.e.
couples with dependent children).
• Average Household Income is $86,483 p.a.
•Over time, as the region continues to develop,
it is likely that the proportion of younger families
will increase, attracted to the region by affordable
housing and larger block sizes.
•Park
Ridge Town Centre is an established, fullyleased retail centre in a prominent main road location
with an excellent trading history in servicing the local
community.
** Source: Park Ridge Village, Brisbane. Assessment of Market Potential. Prepared for Rifici Group
August 2012 by Location IQ
18 Trade Area Analysis Trade Area Analysis 4
thecentre
PARK RIDGE TOWN CENTRE - PLAN GROUND FLOOR
JEDFIRE STREET
1
DA 2.01
56.000
57.000
58.000
59.000
60.000
61.000
62.000
BOUNDARY
63.000
64.000
65.000
66.000
67.000
FUTURE CIVIC USE
55.000
9000
54.000
.
27 CARS
14 CARS
RL 57.200
LOADING
68.000
RL 57.200
BOUNDARY
LOADING
RETAINING WALL - REFER CIVIL ENG
2.7x5.5 TYP
SPACE
2
EXTENSION TO EXISTING SUPERMARKET
2
EXISTING SUPERMARKET
RL 58.500
EASEMENT
. 80000
DA 2.01
LOADING
BIKE
ROOM
86 CARS
21 BIKES
SUPERMARKET
RL 58.500
AMMENITIES
AND MGMT
DA 2.01
EXISTING FAST FOOD
RL 58.300
30830
69.000
EASEMENT
MINI MAJOR
69.000
EASEMENT
68.000
SPECIALTY
SPECIALTY
K
K
SPECIALTY
6500
SPECIALTY
EXISTING SPECIALTY
K
TYP
EXISTING SERVICE STATION
EXISTING
SPECIALTY
K
K
K
SPECIALTY
BOUNDARY
34 CARS
OPEN MALL
BOUNDARY
68.000
K
SPECIALTY
EA
SE
ME
NT
12 BIKES
69.000
BOUNDARY
DARY
BOUN
SEATING
OPEN PLAY
AREA
SEATING
SEATING
6600
RL 58.300
198 CARS
54.000
229 CARS
6500
BO
UN
DA
RY
6500
AD
RO
RL 59.500
TYP
24 CARS COVERED
2.7x5.5 TYP
SPACE EXIST
55.000
18 CARS COVERED
TYP
34 CARS COVERED
34 CARS COVERED
6500
2.7x5.5 TYP
SPACE
18 CARS COVERED
EXIST
24 CARS COVERED
6900
EXIST
18 CARS COVERED
6900
32 CARS COVERED
6900
EXIST
FALL
1:40
Y
AR
ND
U
E
BO
VIC
ER
YS
WA
IGH
YH
SA
IND
TL
UN
MO
6900
EXIST
EXISTING
SPECIALTY
12 BIKES
Y
WA
IGH
YH
SA
IND
TL
UN
MO
RL 59.500
60.000
RL 60.500
RL 61.500
RL 62.500
RL 63.500
GUARD RAIL DOTTED
RETAINING WALL REFER CIVIL ENG
RL 64.500
9000
PADSITE
60 CARS
2.7x5.4 TYP
SPACE
7200
8000
66.3
00
57.000
65.900
RL 60.000
PEDESTRIAN
CONNECTION TO
JEDFIRE PARK AND
FUTURE COMMERCIAL
AREA
. 4000
10000
GUARD RAIL DOTTED
.
REFURBISHED
PYLON SIGN
RL 65.000
PADSITE
FAST FOOD 2
350m2
6200
3 BIKES
RL 57.500
6200
FAST FOOD 1
300m2
56.000
3 BIKES
9000
58.000
59.000
59.000
61.000
BOUNDARY
62.000
1:14 PEDESTRIAN
RAMP
63.000
1
64.000
65.000
66.000
67.000
68.000
DA 2.01
PARK RIDGE ROAD
OWN 000
61.
S SETD
NG BU
EXISTI
SITE PLAN - PROPOSED
PARK RIDGE SHOPPING CENTRE
DEVELOPMENT APPLICATION
1 : 500 @ A1
06.01.14
20130006
DA 1.01
5
theplan
PARK RIDGE TOWN CENTRE - PLAN GROUND FLOOR
BOUNDARY
LOADING
RL 57.200
EXISTING LOADING
RL 57.200
11000
36000
71000
RL 58.400
SPECIALTY
LOADING
MINI MAJOR
LOADING
53000
54000
ROOF OVER DASHED
CLEANERS
SUPERMARKET
3800m²
EXTENSION TO EXISTING SUPERMARKET
PWD
FEMALE
MINI MAJOR
845m²
580m²
WC
27900
4200
12500
CENTRE
MANAGER
25000
5000
19600
CLN PWD
RL 58.450
TROLLEYS
PARENTS
FEMALE
SPECIALTY
SPECIALTY
150m²
4500
4500
KIOSK
20m²
2 x ATM
KIOSK
20m²
90m²
EXISTING SPECIALTY
SPECIALTY
KIOSK
20m²
SPECIALTY
90m²
570m²
367m²
SPECIALTY
296 m²
15000
4500
MALE
1800
PARENTS
38850
1500
TROLLEY
STORE
RL 58.500
MALE
24850
RL 58.500
CCTV
1500
EXISTING SUPERMARKET
3207m²
37550
20000
13200
ENTRY FORECOURT
ROOF OVER DASHED
452m²
KIOSK
20m²
KIOSK
20m²
KIOSK
20m²
4000
EXISTING
SPECIALTY
SEATING ZONE 80m²
10800
OPEN MALL
KIOSK
20m²
SHADED
CHILDREN'S
PLAY AREA
ROOF OVER DASHED
54350
7000
26000
SPECIALTY
15300
ROOF OVER DASHED
SPECIALTY
SEATING ZONE 15m²
815m²
390m²
ROOF OVER DASHED
EXISTING SPECIALTY 653m²
SEATING ZONE 60m²
SEATING ZONE 60m²
PLANTERS
SEATING ZONE 60m²
9000
SEATING ZONE 60m²
2 x ATM
ROOF OVER DASHED
3620
ENTRY
PLANTERS
RL 58.300
PLAN - GROUND FLOOR
PARK RIDGE SHOPPING CENTRE
DEVELOPMENT APPLICATION
1 : 250 @ A1
20.09.13
20130006
DA 1.02
6
thefeatures
theopportunity
• Woolworths Supermarket
& New Coles Supermarket
Projected $70.1m in supermarket sales in
2016 on completion (per location IQ, Feb 2014)
Proposed new mini major
Approximately 655 ongrade carparks
Kids play area
Additional specialty of approximately 3,500sqm
plus kiosk sites
High exposure and easily accessible location
Strategically positioned to benefit from future
residential growth in the region
Strong trading history of existing centre - As
at 31 January 2014 specialty retail sales were
$9,390psq.m compared to the Urbis 2013
Benchmark of $6,273 representing equating to
50% above benchmark.
The centre currently comprises 5,265sqm. On
completion the centre will be approximately
12,900sqm of gross letable area.
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Opportunities are available for:
Fresh Food:
Butcher, Poultry, Seafood, Deli
Food Catering:
Coffee/Cake, Sandwiches, Burgers, Noodles,
Kebab, Pizza, Mexican, Thai, Indian, Vietnamese,
Sushi, Fish & Chips, Carvery, Ice Cream
Services:
Banks/ATM’s, Real Estate, Travel, Postal Service,
Health Insurer, Fashion, Newsagent, Florist,
Financial, Dry Cleaner, Laundromat,
Mens Barber, Hair and Beauty
Medical and Wellbeing:
Doctors, Dentist, Physiotherapy, Pathology,
Chiropractor, Optometrist, Veterinary & Pet Supplies,
Health Food, Nail Bar, Spa, Massage, Gym
leasingenquiries
Graeme Wakefield | 0400 010 536 | www.raceproperty.com.au
Disclaimer: All care has been taken to ensure the accuracy of this document. However RG Property Three Pty Ltd, Race Property Pty Ltd and its agents do not guarantee, warrant or represent the information contained in this advertising and
marketing document is correct. Any interested parties should make their own enquiries as to the accuracy of the information. We exclude all inferred or implied terms, conditions and warranties arising out of this document and any liability for
loss or damage arising there from. As at February 2014 plans and images are preliminary concepts only and are subject to design development and authority approvals. They are subject to change and should not be relied upon in detail.
Copyright: RG Property Three Pty Ltd all rights reserved. No part of this work may be reproduced or copied in any form or by any means (graphic, electronic or mechanical, including photocopying, recording, taping or information retrieval
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