Park Beach Plaza is the dominant retail Centre in Coffs Harbour and has been servicing the region since 1979. With the widest selection of retail in the region, the Centre consists of five majors including Big W, Woolworths, Target, Aldi and Ritchies Supa IGA and 120 speciality stores, including a food court comprising of 10 tenancies with seating for 520 customers, plus al fresco dining at several external cafés.
Park Beach Plaza has a strong mix of national and local retailers, financial institutions and service outlets with four free-standing retailers Aldi, KFC, Park Beach Family Practice and Woolworths Petrol completing the offer.
The Park Beach Plaza customer base is reflective of a coastal region comprising of older couples and families relocating for a better quality lifestyle. These residents are attracted by the affordability and accessibility of continuing development throughout the region, coupled with our attractive climate and seaside environment.
The substantial visitor population to Coffs Harbour contributed around $156.2 million in retail expenditure to the area in 2010. This level of expenditure is projected to increase to approximately $242.4 million by 2021.
Park Beach Plaza services a broad trade area reflecting the Centre’s regional location. The primary trade area has anestimated 101,910 people and isprojected to increase by 13,980 people by 2021, while the tertiary trade area population (extending from Grafton in the North to Kempsey in theSouth) is projected to be in excess of 205,000 residents by 2021.
Coffs Harbour is one of the fastest growing and most dynamic areas within regional NSW and has been identified as:
The economic diversity of Coffs Harbour underpins its continued growth – with industries such as health care, retail trade, accommodation, food services, construction and education at the forefront of the economic mix. Agriculture, education and digital business are strengthening industries offering growth opportunities.
The shift towards a digitally connected economy is revolutionising many industries and opening doors to new opportunities in national and international arenas.
The total available resident retail expenditure within the trade area is forecast to grow to $3.29 billion by 2021, reflecting an average annual growth rate of 4.5%.