HEADMEMORANDUM.INFORMATIONOFFICE 18-20 Russell St, Melbourne SOUTH EASTERN OFFICE 2 Brandon Park Dr, Wheelers Hill EASTERN OFFICE Suite 2, 5 Corporate Blvd, Bayswater WESTERN OFFICE Suite 102, 3 Little Boundary Rd, Laverton North POINT OF INTEREST: 13/9 Inkerman Street, St Kilda.
CONTENTS 01 POINT OF INTEREST 02 POINT OF VIEW 03 PROPERTY FEATURES 04 LOCATION 05 SUBURB PROFILE 06 PROPERTY PARTICULARS 07 CONTACT DETAILS 08 APPENDICES ▪ FLOOR PLAN ▪▪ TITLE PLAN ZONING
TENANCY
ZONING Commercial 1 zone
BUILDING AREA 113 sqm*
SALE TERMS
01 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 01 POINT OF INTEREST
METHOD OF SALE
13/9 INKERMAN STREET, ST KILDA.
10% deposit, balance 30/60/90 days
PARKING 1 on-site car space
Private
Artisian Architects Pty Ltd
850 m* to Punt Road.
POINT OF VIEW
Ability to use as residential or commercial.
It doesn’t take a real estate mogul to recognise the opportunity of securing a penthouse, let alone one that spans two levels — providing double the exposure to an enviable view. By establishing yourself here, you’re immersing your 9 to 5 in a lifestyle synonymous with coastal vibrancy.
113 sqm* total building area.
1 on-site car space.
02 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 02
300 m* to the 3/67 tram stop.
“St Kilda’s best outlook, both visually across the suburb on the balcony, and in its value trajectory. The forecast is clear: blue skies and sky-high ROI.”
8 sqm* outdoor balcony overlooking St Kilda.
Heating and cooling throughout.
Commercial 1 zoning.
5.7 km* from Melbourne CBD.
JOHN NOCKLES DIRECTOR - AGENCY
The numbers say 113 sqm* of strata penthouse, but the top position of this commercial and residential building isn’t your stock standard. Completely modernised to contemporary tastes, the vast windows allow plenty of natural light to seep into the space, while the 8 sqm* balcony provides a break for perspective.
Ideal for creative or e-commerce industries, the open floorplan feels even larger with the multiple points of view over St Kilda’s best features — including the bay, Luna Park, and the Palais Theatre to name a few.
This asset’s beauty is its versatility; the space could technically be used as either a residential dwelling or a beautiful office suite. This has resulted in a humancentric fit-out to focus on flow and wellbeing, like a galley kitchen and clean bathroom, but it also fits the brief for a more corporate angle with boardroom zones and plenty of storage.
03 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE
IMPROVEMENTS
PROPERTY FEATURES
03
AND THE POINT?
An (ad)vantage point for modern standards; this multilevel penthouse is a clever way to secure one of St Kilda’s best properties. Whether it’s for a team of employees or just yourself, this is where the productivity will flow.
A suburb that prioritises a lifestyle of working hard to play hard gives you the perfect excuse to take advantage of the local delights around you, like meeting for lunch downstairs at Mr Wolf pizza, knockoffs at Newmarket Hotel across the road, and breakfast scones thanks to Woodfrog Bakery. Inkerman Street also pays in namebrand and independent retailers, with an Aldi only 450 m* from your doorstep, or head down Barkly Street for the Acland Court Shopping Centre.
04 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 04
If the private balcony doesn’t hit the spot, walk a kilometre straight to St Kilda beach, or head 300 m* to St Kilda Road and the 3 or 67 tram can take you straight into the idle of the CBD in half an hour. For transport accessibility, Punt Road is the spine connecting you to the rest of Melbourne and is only 850 m* from here, while the Nepean Highway — sitting 290 km* away — can take you further south into Bayside.
ALL SIGNS POINT TO: ST KILDA.
LOCATION
Looking at the data, the population here has increased by more than 13% from 2011 to 2016, and when we look at rental prices for investment properties here, the 2.21% increase in returns makes this particular asset more lucrative by the minute.
05 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 05 SUBURB PROFILE FAMILY HOUSEHOLDINDIVIDUAL WEEKLY INCOME $1,779$1,214$2,737 100% 19,486 RESIDENTS 10.6% 2,074 RESIDENTS 82.7% 16,117 RESIDENTS 6.6% 1,295 RESIDENTS BETWEEN 15-65 UNDER 15 OVER 65
A scenic landscape only matched by the invigorating lifestyle; investing in St Kilda is investing in one of Melbourne’s most renowned suburbs — for business and pleasure. From the beaches and gardens to the cafés and restaurants, there are more than a few reasons why over 800,000 people visit the pier every year.
Looking at the residents, the median age is 34 and perfectly reflects the businesses that have excelled here — like gastro pubs, wine bars, and highly-reviewed beauty services. Aside from Luna Park and the Palais Theatre, there are also the St Kilda Botanical Gardens, Esplanade Market, and Melbourne’s most popular beach to clarify why the median house prices have increased by 9.6% in the past 12 months.
POPULATION
ON THE MAP: ST KILDA.
$550,000$1,945,000HOUSEUNIT RESIDENTIALMEDIAN PRICES
Port Phillip Council have had its sights set on designing neighbourhoods for pedestrians and not vehicles, with continual development and projects underway to improve bike lanes and foot access. Familiar with a good time, the council also support numerous festivals and community-run events regularly to keep up with the crowd. And the sentiment as a resident and employee: This is a coastal, central, and certifiably exciting area to put your name to.
DRINK
Friday knockoffs will extend to other days of the week when there’s a bar rotation like this. Hotel Barkly, on the corner of Fawkner and Barkly Street, organises regular live music while Lona platforms their 4.3-star rating from 582 reviews. Juana Taco shakes a mean margarita, while Jimmy O’Neills provides a smoother (and stronger) ailment.
Rich in amenities, St Kilda provides every convenience to be able to live better. On this block alone you have access to two boutique homewares stores, a coffee roaster, and a speciality wine and spirits store. When the weather warms, get tickets to Barefoot Cinema in the Botanical Gardens, or head to Luna Park for a different kind of lunch break.
SUBURB PROFILE
06 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 03
PLAY Machi Hotel Barkly
EAT
Catering to every palate, Inkerman Street alone delivers multicultural cuisine with high ratings. For modern Japanese using local produce, head to Machi across the road. Plus, there’s traditional vegetarian-focused Indian from Kake Da Dhaba, and you can indulge in French coffee and pastries from Sweet Paris. At the Newmarket Hotel, we’d strongly recommend the Parma, while the Northern Soul Chip Chop takes a trailblazing approach to fried goods — within a funky establishment.
Barefoot Cinema
Certificate of Title — Volume 10366 Folio 438
Lot 44 on Plan of Subdivision 344723N
SITE
PARTICULARSPROPERTY
PLANNING OVERLAYS Nil
Air Conditioner: Yes Condition: Excellent
06
Water rates: $560.00 per annum* Owners Corporation: $3,729.08 per annum
Lifts: No lift access.
TITLEDETAILSPARTICULARS
Certificate of Title — Volume 10464 Folio 055
Lot 51 on Plan of Subdivision 344723N
Floors: Wood floor boards.
Council rates: $1,235.75 per annum*
PRINCIPLE OUTGOINGS
Walls: Brick
Furnished: No Car Spaces: 1 on-site car space
ZONING Commercial 1 Zone (CIZ)
07 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE
M: 0404 530 393
JOHN NOCKLES DIRECTOR - AGENCY
“The Melbourne commercial property market has always been about rationale in dollars and cents. But, when working with rising land values and changes in the way that occupiers use commercial property, the market now requires those that will help shape it to be more creative than ever.”
“An invisible yet integral part to our society, that’s commercial real estate for me. A key-ingredient to all business but one not noticed by the public at large; astute investors and shrewd business owners alike would do well to utilise commercial property that works in line with their business plan and not against it.”
POINT OF INTEREST:
E: tim.cooney@cva.melbourne M: 0468 860 737
POINT OF VIEW:
After five years spent working in commercial real estate in London, Tim is home in 2021. Melbourne born and bred with more than 5 years’ experience locally, there aren’t many who are better suited to this business. Diligent. Proactive. An honest communicator. Tim knows it’s in the face-to-face where deals are won and lost for all parties. Because of this, he takes great care in building rapport and learning the long-term strategy of his clients to enable the best advice not just short-term, but for life. Meticulously detailed and across all of the numbers, you’ll be glad you have Tim’s on hand – plus his support across all points of your deal.
08 DISCLAIMER: THIS REPORT HAS BEEN COMPILED ON THE BASIS OF INFORMATION AVAILABLE. THOUGH EFFORTS HAVE BEEN MADE TO VERIFY OR ESTABLISH THE ACCURACY OF THE MATERIAL, IT IS NOT POSSIBLE TO WARRANT THAT IT IS ACCURATE. SOME PREDICTIONS ARE ESTIMATES ONLY AND NECESSARILY BASED ON ASSUMPTIONS WHICH MAY NOT OCCUR. ALL PARTIES SHOULD MAKE THEIR OWN INDEPENDENT ENQUIRIES WITH REGARD TO ALL THE INFORMATION CONTAINED IN THIS REPORT. THE REPORT IS INTENDED TO BE GENERAL INFORMATION ONLY AND WILL NOT FORM PART OF ANY CONTRACT NOR IS IT TO BE TAKEN AS ANY FORM OF ANY REPRESENTATION, WARRANTY OR INDUCEMENT. THE AGENTS AND REPRESENTATIVES DO NOT ACCEPT ANY RESPONSIBILITY FOR AND WILL NOT BE LIABLE IN RESPECT OF ANY OF THE CONTENTS OF THIS REPORT. *APPROXIMATELY 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 07
John’s experience in commercial real estate is now pushing a decade and over that time he’s proud to see change when it comes to property in Melbourne. By adopting a lateral approach within a linear industry, John understands success within Melbourne’s commercial real estate market occurs by looking beyond what has been done, to what can be. It’s an approach that mirrors this city’s originality, commercially—and with it, creativity that extends beyond St Kilda Road.
E: john.nockles@cva.melbourne
POINT OF INTEREST:
CONTACT DETAILS
TIM COONEY SENIOR PROPERTY EXECUTIVE - SOUTHERN REGION
POINT OF VIEW:
09 13/9 INKERMAN STREET, ST KILDA INFORMATION MEMORANDUMWWW.CVA.MELBOURNE 08
APPENDICES
FLOOR PLAN
13/9 INKERMAN STREET, ST KILDAWWW.CVA.MELBOURNE
TITLE PLAN
13/9 INKERMAN STREET, ST KILDAWWW.CVA.MELBOURNE
13/9 INKERMAN STREET, ST KILDAWWW.CVA.MELBOURNE
ZONING
COMMERCIAL 1 ZONE
26/05/2020
Shown on the planning scheme map as B1Z , B2Z , B5Z or C1Z
Section 1 - Permit not required
To implement the Municipal Planning Strategy and the Planning Policy Framework.
31/07/2018
Any frontage at ground floor level must not exceed 2 metres (other than a bed and breakfast and caretaker's house).
VC175
■
Purpose
Accommodation (other than Community care accommodation, Corrective institution and Rooming house)
To create vibrant mixed use commercial centres for retail, office, business, entertainment and community uses.
34.01
A schedule may apply under this zone to a planning scheme outside of metropolitan Melbourne. That schedulespecifymay:themaximum
34.01-1
leasable floor area for office
To provide for residential uses at densities complementary to the role and scale of the commercial centre.
Community care accommodation
Any frontage at ground floor level must not exceed 2 metres.
Must meet the requirements of Clause 52.222.
Education centre (other than Child care Exhibitioncentre) centre
Page 1 of 8
specify the maximum leasable floor area for shop (other than restricted retail premises).
Table of uses
Art and craft centre
Any frontage at ground floor level must not exceed 2 metres and access must not be shared with a dwelling (other than a caretaker's house).
Use Condition
CinemaCinema
■
based entertainment facility
PORT PHILLIP PLANNING SCHEME
VC148
Child care centre
Operation
The gross floor area of all buildings must not exceed 250 square metres.
Use Condition
Place of worship
Industry
Adult sex product shop
AnyTramwayuselisted in Clause 62.01
Home based business
Any frontage at ground floor level must not exceed 2 metres.
Must meet the requirements of Clause 62.01.
Must not be a purpose listed in the table to Clause 53.10.
Grazing animal production
RetailRailwaypremises (other than Shop)
Use Condition
Agriculture (other than Animal production and Apiculture)
Shop (other than Adult sex product shop)
Informal outdoor recreation
Page 2 of 8
PORT PHILLIP PLANNING SCHEME
Rooming house
Must be at least 200 metres (measured by the shortest route reasonably accessible on foot) from a residential zone or, land used for a hospital, primary school or secondary school or land in a Public Acquisition Overlay to be acquired for a hospital, primary school or secondary school.
Section 2 - Permit required
The leasable floor area for all offices must not exceed any amount specified in the schedule to this zone.
Must meet the requirements of Clause 52.232.
The leasable floor area for all shops must not exceed any amount specified in the schedule to this zone.
Office
Motor racing track
Transport of materials, goods or commodities to or from the land.
Must not be a purpose listed in the table to Clause 53.10.
Appearance of any building, works or materials.
■
Major sports and recreation facility
A permit is required to subdivide land.
Warehouse
VC100
Leisure and recreation facility (other than Informal outdoor recreation, Major sports and recreation facility and Motor racing track)
VicSmart applications
Section 3 - Prohibited
PORT PHILLIP PLANNING SCHEME
Use of land
■
A use must not detrimentally affect the amenity of the neighbourhood, including through the:
■
Any other use not in Section 1 or 3
Must not be a purpose listed in the table to Clause 53.10.
Place of assembly (other than Carnival, Cinema, Cinema based entertainment facility, Circus, Exhibition centre and Place of Utilityworship)installation
AnimalUse
Emission of noise, artificial light, vibration, smell, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.
Use Condition
production (other than Grazing animal production)
VC148
31/07/2018
Subdivision
Corrective institution
Page 3 of 8
34.01-3
15/07/2013
(other than Minor utility installation Telecommunicationsandfacility)
Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column 2.
34.01-2
The buildings or car parking spaces have been constructed in accordance with the provisions of this scheme or a permit issued under this scheme.
An occupancy permit or a certificate of final inspection has been issued under the Building Regulations in relation to the buildings within 5 years prior to the application for a permit for subdivision.
Has been approved under this scheme or by a permit issued under this scheme and the permit has not expired.
Subdivide land to realign the common boundary between 2 lots where:The
Page 4 of 8
The general direction of the common boundary does not change.
This does not apply to:
An apartment development must meet the requirements of Clause 58.
■ Clause 59.01
A permit is required to construct a building or construct or carry out works.
The installation of an automatic teller machine.
Subdivide land into lots each containing an existing building or car parking space where:
An awning that projects over a road if it is authorised by the relevant public land manager.
34.01-4
VicSmart applications
31/07/2018
The construction of a building or the construction or carrying out of works on the land:
An alteration to an existing building façade provided:
Subdivide land into 2 lots if:
Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column 2.
■
area of either lot is reduced by less than 15 percent.
■ Has started lawfully.
■
■
The alteration does not include the installation of an external roller shutter.
■ Clause 59.02
■ Clause 59.02
■
The subdivision does not create a vacant lot.
■
VC148
■ ■
Buildings and works
PORT PHILLIP PLANNING SCHEME
■
■
Class of application requirementsInformation and decision guidelines
At least 80 per cent of the building facade at ground floor level is maintained as an entry or window with clear glazing.
■
Information requirements and decision guidelines
01/07/2021 VC203
■
An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before the approval date of Amendment VC136.
This does not apply if the responsible authority refuses an application under Section 52(1A) of the Act.
Construct a building or construct or carry out works with an estimated cost of up to $500,000 where the land is not:Within
■
■
Used for a Brothel or Adult sex product shop.
Clause 58 does not apply to:
All buildings and works must be maintained in good order and appearance to the satisfaction of the responsible authority.
16/01/2018 VC142
Used for a purpose listed in the table to Clause 53.10.
Neighbourhood and site description and design response
■
If the responsible authority decides that the neighbourhood and site description is not satisfactory, it may require more information from the applicant under Section 54 of the Act.
Clause 59.04
Extension of a dwelling if there are two or more dwellings on the lot.
Clause 34.01-5 does not apply to an apartment development.
Construction of a dwelling if there is at least one dwelling existing on the lot.
Construction or extension of one dwelling on a lot of less than 300 square metres.
The responsible authority must not require notice of an application to be given or decide an application until it is satisfied that the neighbourhood and site description meets the requirements of Clause 54.01 or 55.01 and is satisfactory.
Construction of two or more dwellings on a lot.
An application for any of the following must be accompanied by a neighbourhood and site description and a design response as described in Clause 54.01 or 55.01, as appropriate:
Construction or extension of a dwelling on common property.
34.01-6
Maintenance
Application requirements
Transitional provisions
Construction or extension of a residential building.
PORT PHILLIP PLANNING SCHEME
An application for a planning permit lodged before the approval date of Amendment VC136.
■
■
Satisfactory neighbourhood and site description before notice and decision
■
Class of application
■
Page 5 of 8
■
30 metres of land (not a road) which is in a residential zone.
34.01-5
■
■
■
■
If an industry or warehouse:
The location, height and purpose of buildings and works on adjoining land.
■
34.01-7
VC148
PORT PHILLIP PLANNING SCHEME
All driveway, car parking and loading areas.
The type and quantity of goods to be stored, processed or produced.
An application to construct or extend an apartment development, or to construct or extend a dwelling in or forming part of an apartment development, must be accompanied by an urban context report and design response as required in Clause 58.01.
Page 6 of 8
31/07/2018
A plan drawn to scale which shows:
An application to use land must be accompanied by the following information, as appropriate:
Proposed landscape areas.
■
Whether a Development Licence, Operating Licence, Permit or Registration is required from the Environment Protection Authority.
The layout of existing and proposed buildings and works.
■
All external storage and waste treatment areas.
Exemption from notice and review
■
Use
■
An application to subdivide land or construct a building or construct or carry out works is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3) and the review rights of section 82(1) of the Act. This exemption does not apply to land within
The likely effects on adjoining land, including air-borne emissions and emissions to land and water.
Areas not required for immediate use.
■
■ Relevant ground levels.
Construction details of all drainage works, driveways, vehicle parking and loading areas.
A landscape layout which includes the description of vegetation to be planted, the surfaces to be constructed, site works specification and method of preparing, draining, watering and maintaining the landscape area.
The purpose of the use and the types of activities which will be carried out.
■
■
Elevation drawings to scale showing the colour and materials of all buildings and works.
■
■
The boundaries and dimensions of the site.
■
■
An application to construct a building or construct or carry out works must be accompanied by the following information, as appropriate:
Whether a notification under the Occupational Health and Safety Regulations 2017 is required, a licence under the Dangerous Goods Act 1985 is required, or a fire protection quantity under the Dangerous Goods (Storage and Handling) Regulations 2012 is exceeded.
The likely effects, if any, on adjoining land, including noise levels, traffic, the hours of delivery and despatch of goods and materials, hours of operation and light spill, solar access and glare.
■
■
Adjoining roads.
■
■
The means of maintaining land not required for immediate use.
■
Buildings and works
■
■
■ Building and works
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsible authority must consider, as appropriate:
General
The interface with adjoining zones, especially the relationship with residential areas.
The Municipal Planning Strategy and the Planning Policy Framework.
■
■
The movement of pedestrians and cyclists, and vehicles providing for supplies, waste removal, emergency services and public transport.
The provision of car parking.
Decision guidelines
30 metres of land (not a road) which is in a residential zone, land used for a hospital or an education centre or land in a Public Acquisition Overlay to be acquired for a hospital or an education centre.
■
VC174
The availability of and connection to services.
For an apartment development, the objectives, standards and decision guidelines of Clause 58.
34.01-8
The interim use of those parts of the land not required for the proposed use.
■
■ Use
■
The storage of rubbish and materials for recycling.
■
The availability of and connection to services.
■
Page 7 of 8
The impact of overshadowing on existing rooftop solar energy systems on dwellings on adjoining lots in a General Residential Zone, Mixed Use Zone, Neighbourhood Residential Zone, Residential Growth Zone or Township Zone.
■
■
PORT PHILLIP PLANNING SCHEME
The effect the subdivision will have on the potential of the area to accommodate the uses which will maintain or enhance its competitive strengths.
The objectives, standards and decision guidelines of Clause 54 and Clause 55. This does not apply to an apartment development.
■
■
The drainage of the land.
■
Provision for vehicles providing for supplies, waste removal and emergency services and public transport.
■
Subdivision
Defining the responsibility for the maintenance of buildings, landscaping and paved areas.
Consideration of the overlooking and overshadowing as a result of building or works affecting adjoining land in a General Residential Zone, Neighbourhood Residential Zone, Residential Growth Zone or Township Zone.
The effect of traffic to be generated on roads.
20/12/2021
■
■
The effect that existing uses may have on the proposed use.
■
The design of buildings to provide for solar access.
The streetscape, including the conservation of buildings, the design of verandahs, access from the street front, protecting active frontages to pedestrian areas, the treatment of the fronts and backs of buildings and their appurtenances, illumination of buildings or their immediate spaces and the landscaping of land adjoining a road.
Page 8 of 8
VC148 Signs
34.01-9
■
Transitional provisions
■
An application for a planning permit lodged before that date.
An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before that date.
An application for an amendment of a permit under section 72 of the Act, if the original permit application was lodged before that date.
An application for a planning permit lodged before that date.
PORT PHILLIP PLANNING SCHEME
■
Sign requirements are at Clause 52.05. This zone is in Category 1.
Clauses 55 and 58 of this scheme, as in force immediately before the approval date of Amendment VC174, continue to apply to:
■
31/07/2018
The objectives, standards and decision guidelines of Clause 55 of this scheme, as in force immediately before the approval date of Amendment VC136, continues to apply to:
C162port
PORT PHILLIP PLANNING SCHEME
Land
Maximum leasable floor area for Shop (other than Restricted retail premises) (square metres)
None specified
08/07/2021
specifiedNone
Page 1 of 1
Maximum leasable floor area for Office (square metres)
1.0
Maximum leasable floor area requirements
None specified
SCHEDULE TO CLAUSE 34.01 COMMERCIAL 1 ZONE
08/07/2021 C162port