NORTH Rockhampton could soon see another Coles supermarket on its side of town at the former WIN TV site on Dean St.
Parmac Property Group has agreed terms with WIN TV to purchase the site to transform it into a neighbourhood shopping complex, including a Coles supermarket, a bakery, newsagency and more.
Parmac released a report about the proposal on their website, which they submitted to Rockhampton Regional Council as part of its Regional Planning Scheme.
Residents in the area were informed about the Coles proposal last week.
The supermarket giant makes $64 million in sales in the Rockhampton region with Woolworths raking in $187m (excluding Gracemere).
The report says annual average sales per square metre for Coles in Rockhampton is $12,997 while for Woolworths it's $20,123.
Parmac claimed Woolworth's sales were "over trading'' at the top of an acceptable range of turnover while a good average per square metre was between $10,000 and $12,000.
Parmac said downsides to over trading including maintaining stock on the shelves, acceptable customer amenity in terms of over crowding, check out queue lengths, staffing and car parking.
If the submission were to be approved for the Dean St site it is expected to potentially impact on the Woolies stores in Musgrave St and Stockland, but not significantly. "....a 20% impact would not affect their viability,'' the report says.
Parmac Property Group Director Paul McDermott stated in a letter to local residents that the new shopping centre would create around 200 jobs for the local community.
"We will be asking Council to give the site a "District Centre" designation in the New Planning Scheme," Mr McDermott said.
"That designation will not mean that Council will automatically approve this development. We will still be required to lodge a development application at a later date that will be assessed by Council."
The neighbourhood shopping centre would include:
A Coles Supermarket
Specialty shops including a newsagent, bakery, hairdresser/beauty
Pizza, seafood, Asian restaurant/takeaway