Information Memorandum - 10-12 Hocking Street, Coburg North.

Page 1


As Melbourne’s leading independent commercial property agency, we take pride in creating worth across all four points of this city.

01. Point of Interest 02. Point of View

Property Features 04. Property Particulars

05. Location

06. Appendices

Zoning & Overlays

Finance Options

GAS, POWER, AND POTENTIAL - THIS ISN’T JUST A WAREHOUSE; IT’S A WORKHORSE.

Incomparable by blueprint, outstanding in form — this seismic freehold manufacturer puts the (seriously well-connected) power back in the hands of the astute buyer or tenant looking to make smart moves in Melbourne’s north.

John Nockles | 0404 530 393

john.nockles@cva.melbourne

“This prized industrial property is not only surging with a dynamic power and gas supply, but the location turns it into an unbelievably well-connected power move.”

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.

Luca Angelico | 0447 772 782

luca.angelico@cva.melbourne

“Logistically speaking, this package has the fit-out, floorplan, and neighbours to catapult it to the top of the commercial charts in the area. Tactically speaking, inquiring earlier rather than later will allow you to inspect how valuable this freehold really is.”

With an interest in commerce and experience in construction management, Luca has both the creativity and practical problem-solving skills needed to cut it in this industry. Enthusiastic. Committed. Diligent. Having joined CVA in 2017, it was 2020 that saw him become a Sales and Leasing Executive. A role in which Luca is able to showcase his enthusiastic side, fixated on even the smallest of details which make all the difference in helping both developers and investors alike. It’s all of this that will keep you interested in working with him, well beyond the point at which your transaction concludes.

A high-performing facility with a history of powering extreme output, this oversized package will have your ambitions cooking with gas.

The building is split between a stretched-out 1,142 sqm* ground floor and an additional 752 sqm* first-floor mezzanine totalling 1,894 sqm*. If this isn’t necessary, at the price we’re quoting, you can afford to remove the mezzanine and return the space to a conventional high-bay warehouse. Otherwise, take that extra space on the (ware)house.

The infrastructure here was built for power-seeking occupiers. The temperature can be controlled throughout the whole building, the gas connection is exemplary, and the storage and preparation areas have been strategically mapped. There are areas within the current fitout that would suit cool room and freezer mechanical upgrades to make them operational, and as you’d expect, there is a container- height loading bay and 6* metre internal height for stacking stock in various areas of the buildings.

Perhaps the most compelling point about this property is the huge power supply of over 1600 amps* and major gas connection suitable for a range industries, not just food operators.

This freehold powerhouse sits on 1,152 sqm* of industrial 1 zoning land. This affords current and future opportunities for its future owner or tenant, and if you’re an operator searching for the ideal move, consider a building without the owner’s corp fees.

Principle Outgoings (ex GST) Council rates

Building Insurance

Land tax

Site Details

Title particulars

$8,925 per annum*

$2,520 per annum*

$43,933 per annum*

$9,600 per annum*

Frontage to Hocking Street

Western side boundary

Eastern side boundary

Southern side boundary Total site area

Certificate of Title — Volume 11473 Folio 767

Lot 3 on Plan of Subdivision 200545G

Zoning Industrial 1 Zone (IN1Z)

Planning Overlays

Development Contributions Plan Overlay — Schedule 1 (DCP01)

Municipality City of Merri-bek

All signs point to: Hocking Street

From the 20-minute CBD drive to the Rolodex of established businesses on the block, buying into Hocking Street is a masterstroke in industrial moves.

With direct access to the M80 Ring Road, 700 m* to Sydney Road, and 2.5 km* from the Citylink, you’re also close to Tullamarine Airport and Port of Melbourne — perfect for logistics and distribution. Not only that, but public transport is seamlessly connected from every point you look at it. Batman railway station is 900 m* away and services the Upfield line, the 19-tram is even closer on Sydney Road and heads straight into the CBD, and the 534 bus stop sits on Sussex Street.

Conveniently, industrial rents in the northern suburbs have jumped by 7.8% annually, and Coburg North has outperformed the broader Melbourne market in price growth. The area’s also seeing rezoning activity, meaning your asset could appreciate even more as the land evolves, offering both cash flow now and future capital gains later.

For investors in Hocking Street, low vacancy rates (under 2%) and long-term leases ensure a steady income. For occupiers interested in moving in, there’s little turnover, making it a short window of opportunity.

AND THE POINT?

Strategic. Visible. Connected. They say a watched pot never boils, and the same can be said if you’ve been watching the northern commercial market closely — speciality packages this close to Melbourne’s CBD are as rare as they come.

All signs point to: Coburg North

With decent public transport, worker amenities, and close-knit local communities — Hocking Street is the commercial trifecta for location, growth, and stability.

Industrial rents in Coburg North have surged by 7.8% annually — a testament to the region’s increasing demand for warehousing and distribution space. Over the past five years, industrial property has also shown strong rental and capital growth, with net rental returns consistently above 5%, compared to 2-3% for residential investments.

Low vacancy rates, asset depreciation, the ability to purchase via an SMSF, and GST refunds and other tax benefits have encouraged both landlords and owner-occupiers to invest in the sector. As for industry; e-commerce and logistics are driving a lot of this impressive growth in the region, so the logical move for any smart investor is to act

fast if you’re seeking high yields and strong capital returns.

Coburg North is transitioning from a purely industrial area to a mixed-use, residential hotspot, frequently fronting Broadsheet or your mortgage broker’s radar. The proximity to gentrifying suburbs like Brunswick and Northcote is driving demand for residential development, pushing property values higher. The influx of higherincome residents is also creating a more affluent demographic profile, not to mention a tasty one — restaurants, recreational activities, and really good bars are popping up on every corner.

33 01-1

14/01/2025 VC237

INDUSTRIAL1

ShownontheplanningschememapasIN1Z

Purpose

ToimplementtheMunicipalPlanningStrategyandthePlanningPolicyFramework

To provide for manufacturing industry, the storage and distribution of goods and associated uses inamannerwhichdoesnotaffectthesafetyandamenityoflocalcommunities

Table of uses

Section 1 - Permit not required

Use Condition

Automated collection point

Convenience shop

Crop raising

Grazing animal production

Home based business

Industry (other than Materials recycling and Transfer station)

Must meet the requirements of Clause 52.13-3 and 52.13-5.

The gross floor area of all buildings must not exceed 50 square metres.

Must not be a purpose listed in the table to Clause 53.10 with no threshold distance specified.

The land must be at least the following distances from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone, land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution:

The threshold distance, for a purpose listed in the table to Clause 53.10.

30 metres, for a purpose not listed in the table to Clause 53.10.

Must not:

Exceed a fire protection quantity under the Dangerous Goods (StorageandHandling)Regulations2022.

Require a notification under the Occupational Health and Safety Regulations2017.

Require a licence under the Dangerous Goods (Explosives) Regulations2011

Require a licence under the Dangerous Goods (HCDG) Regulations 2016.

Must not adversely affect the amenity of the neighbourhood, including through the:

Transport of materials, goods or commodities to or from the land.

Appearance of any stored goods or materials.

Informal outdoor recreation

Mail centre Railway

Service station

Emission of noise, artificial light, vibration, odour, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.

Shipping container storage

The land must be at least 30 metres from land (not a road) which is in an Activity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone, land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution.

Must not adversely affect the amenity of the neighbourhood, including through the:

Transport of materials, goods or commodities to or from the land.

Appearance of any stored goods or materials.

Emission of noise, artificial light, vibration, odour, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.

Must not be a purpose listed in the table to Clause 53.10 with no threshold distance specified.

The land must be at least the following distances from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone, land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution:

The threshold distance, for a purpose listed in the table to Clause 53.10. 100 metres, for a purpose not listed in the table to Clause 53.10.

Must not:

Exceed a fire protection quantity under the Dangerous Goods (StorageandHandling)Regulations2022.

Require a notification under the Occupational Health and Safety Regulations2017

Require a licence under the Dangerous Goods (Explosives) Regulations2011

Require a licence under the Dangerous Goods (HCDG) Regulations 2016.

The site must adjoin, or have access to, a road in a Transport Zone 2 or a Transport Zone 3.

Shipping containers must be setback at least 9 metres from a road in a Transport Zone 2 or aTransport Zone 3.

The height of shipping container stacks must not exceed 6 containers or 16 metres, whichever is the lesser

Must not adversely affect the amenity of the neighbourhood, including through the:

Take away food premises

Tramway

Warehouse (other than Mail centre and Shipping container storage)

Condition

Transport of materials, goods or commodities to or from the land.

Appearance of any stored goods or materials.

Emission of noise, artificial light, vibration, odour, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.

Must not be a purpose listed in the table to Clause 53.10 with no threshold distance specified.

The land must be at least the following distances from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone, land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution:

The threshold distance, for a purpose listed in the table to Clause 53.10.

30 metres, for a purpose not listed in the table to Clause 53.10.

Must not:

Exceed a fire protection quantity under the Dangerous Goods (StorageandHandling)Regulations2022.

Require a notification under the Occupational Health and Safety Regulations2017

Require a licence under the Dangerous Goods (Explosives) Regulations2011

Require a licence under Dangerous Goods (HCDG) Regulations 2016.

Must not adversely affect the amenity of the neighbourhood, including through the:

Transport of materials, goods or commodities to or from the land.

Appearance of any stored goods or materials.

Emission of noise, artificial light, vibration, odour, fumes, smoke, vapour, steam, soot, ash, dust, waste water, waste products, grit or oil.

Any use listed in Clause 62.01

Must meet the requirements of Clause 62.01.

Section 2 - Permit required Use Condition

Adult sex product shop 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 PublicAcquisition Overlay to be acquired for a hospital, primary school or secondary school.

Agriculture (other thanApiculture, Crop raising, Grazing animal production, Intensive animal production, Pig farm and Poultry farm)

Caretaker's house

Container deposit scheme centre

Education centre

Leisure and recreation (other than Informal outdoor recreation)

Materials recycling

Office

Place of assembly (other than Carnival, Cinema based entertainment facility and Circus)

Restricted retail premises

Retail premises (other than Shop and Take away food premises)

Sex services premises

Transfer station (other than Automated collection point and Container deposit scheme centre )

Must not be a primary or secondary school.

Utility installation (other than Minor utility installation and Telecommunications facility).

The land must be at least 30 metres from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone or land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution.

The leasable floor area must not exceed the amount specified in the schedule to this zone.

Any other use not in Section 1 or 3

The land must be at least 30 metres from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone or land used for a hospital, an education centre a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution.

Any gas holder, or sewerage or refuse treatment or disposal works, must be at least 30 metres from land (not a road) which is in anActivity Centre Zone, Capital City Zone, Commercial 1 Zone, Docklands Zone, residential zone or Rural Living Zone, land used for a hospital, an education centre or a corrective institution or land in a PublicAcquisition Overlay to be acquired for a hospital, an education centre or a corrective institution.

33.01-2

Section 3 - Prohibited Use

Accommodation (other than Caretaker's house)

Cinema based entertainment facility

Hospital

Intensive animal production

Pig farm

Poultry farm

Shop (other thanAdult sex product shop, Convenience shop, Restricted retail premises and Sex services premises)

Use of land

Application requirements

An application to use land for an industry or warehouse must be accompanied by the following information,asappropriate:

Thepurposeoftheuseandthetypesofprocessestobeutilised.

Thetypeandquantityofgoodstobestored,processedorproduced. Howlandnotrequiredforimmediateuseistobemaintained

Whether a Development Licence, Operating Licence, Permit or Registration is required from theEnvironmentProtectionAuthority

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 quantityundertheDangerousGoods(StorageandHandling)Regulations2022isexceeded.

Thelikelyeffects,ifany,ontheneighbourhood,including:

– Noiselevels – Air-borneemissions

– Emissionstolandorwater

– Traffic,includingthehoursofdeliveryanddespatch.

– Lightspillorglare.

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:

TheMunicipalPlanningStrategyandthePlanningPolicyFramework

The effect that the use may have on nearby existing or proposed residential areas or other uses which are sensitive to industrial off-site effects, having regard to any comments or directionsofthereferralauthorities.

Theeffectthatnearbyindustriesmayhaveontheproposeduse

33.01-3

31/07/2018 VC148

Thedrainageoftheland

Theavailabilityofandconnectiontoservices

Theeffectoftraffictobegeneratedonroads

Theinterimuseofthosepartsofthelandnotrequiredfortheproposeduse.

Subdivision

Permit requirement

Apermitisrequiredtosubdivideland.

VicSmart applications

Subject to Clause 7106, 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 Column2

Class of application

Subdivide land to realign the common boundary between 2 lots where:

The area of either lot is reduced by less than 15 percent.

The general direction of the common boundary does not change.

Subdivide land into lots each containing an existing building or car parking space where:

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.

Subdivide land into 2 lots if:

The construction of a building or the construction or carrying out of works on the land:

– Has been approved under this scheme or by a permit issued under this scheme and the permit has not expired.

– Has started lawfully

The subdivision does not create a vacant lot.

Exemption from notice and review

Information requirements and decision guidelines

Clause 59.01

Clause 59.02

Clause 59.02

An application 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 30 metres of land (not a road) which is in a residentialzoneorlandusedforahospitaloraneducationcentreorlandinaPublicAcquisition Overlaytobeacquiredforahospitaloraneducationcentre

33.01-4

15/03/2024 VC256

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:

TheMunicipalPlanningStrategyandthePlanningPolicyFramework

Anynaturalorculturalvaluesonorneartheland Streetscapecharacter.

Landscapetreatment.

Interfacewithnon-industrialareas.

Buildings and works

Permit requirement

Apermitisrequiredtoconstructabuildingorconstructorcarryoutworks.

Thisdoesnotapplyto:

Abuilding or works which rearrange, alter or renew plant if the area or height of the plant is notincreased

Abuildingorworkswhichareusedforcropraisingorinformaloutdoorrecreation

Arainwater tank with a capacity of more than 10,000 litres if the following requirements are met:

– The rainwater tank is not located within the building’s setback from a street (other than a lane)

– Therainwatertankisnohigherthantheexistingbuildingonthesite

– The rainwater tank is not located in an area that is provided for car parking, loading, unloadingoraccessway.

A building or works which are used for grazing animal production, except for permanent or fixed feeding infrastructure for seasonal or supplementary feeding constructed within 100 metresof:

– Awaterway,wetlandordesignatedfloodplain

– Adwellingnotinthesameownership

– Aresidentialorurbangrowthzone

VicSmart applications

Subject to Clause 7106, 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 Column2.

Class of application

Construct a building or construct or carry out works with an estimated cost of up to $1,000,000 where the land is not:

Within 30 metres of land (not a road) which is in a residential zone.

Used for a purpose listed in the table to Clause 53.10.

Used for anAdult sex product shop.

Information requirements and decision guidelines

Clause 59.04

Application requirements

An application to construct a building or construct or carry out works must be accompanied by thefollowinginformation,asappropriate:

Aplandrawntoscalewhichshows:

– Theboundariesanddimensionsofthesite

– Adjoiningroads.

– Relevantgroundlevels.

– Thelayoutofexistingandproposedbuildingsandworks.

– Drivewaysandvehicleparkingandloadingareas

– Proposedlandscapeareas

– Externalstorageandwastetreatmentareas

Elevationdrawingstoscalewhichshowthecolourandmaterialsofallbuildingsandworks

Constructiondetailsofalldrainageworks,drivewaysandvehicleparkingandloadingareas.

Alandscape layout which includes the description of vegetation to be planted, the surfaces to beconstructed,asiteworksspecificationandthemethodofpreparing,draining,wateringand maintainingthelandscapearea

Exemption from notice and review

An application 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.Thisexemptiondoesnotapplytoanapplicationforabuildingorworkswithin30metresof land (not a road) which is in a residential zone or land used for a hospital or an education centre orlandinaPublicAcquisitionOverlaytobeacquiredforahospitaloraneducationcentre.

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:

TheMunicipalPlanningStrategyandthePlanningPolicyFramework

Anynaturalorculturalvaluesonorneartheland.

Streetscapecharacter.

Builtform

Landscapetreatment

Interfacewithnon-industrialareas

Parkingandsiteaccess

Loadingandserviceareas.

Outdoorstorage.

Lighting.

Stormwaterdischarge

Maintenance

All buildings and works must be maintained in good order and appearance to the satisfaction of theresponsibleauthority

33.01-5

SignrequirementsareatClause52.05.ThiszoneisinCategory2.

31/07/2018

VC148

45.06-1

19/01/2006

VC37

45.06-2

19/01/2006

VC37

ShownontheplanningschememapasDCPOwithanumber

Purpose

ToimplementtheMunicipalPlanningStrategyandthePlanningPolicyFramework

To identify areas which require the preparation of a development contributions plan for the purpose of levying contributions for the provision of works, services and facilities before developmentcancommence.

Development contributions plan

A permit must not be granted to subdivide land, construct a building or construct or carry out worksuntiladevelopmentcontributionsplanhasbeenincorporatedintothisscheme.

This does not apply to the construction of a building, the construction or carrying out of works orasubdivisionspecificallyexcludedbyascheduletothisoverlay

Apermitgrantedmust:

Beconsistentwiththeprovisionsoftherelevantdevelopmentcontributionsplan.

Include any conditions required to give effect to any contributions or levies imposed, conditionsorrequirementssetoutintherelevantscheduletothisoverlay.

Preparation of a development contributions plan

The development contributions plan may consist of plans or other documents and may, with the agreementoftheplanningauthority,bepreparedandimplementedinstages

Thedevelopmentcontributionsplanmust:

Specifytheareatowhichtheplanapplies.

Set out the works, services and facilities to be funded through the plan, including the staging oftheprovisionofthoseworks,servicesandfacilities

Relatetheneedfortheworks,servicesorfacilitiestotheproposeddevelopmentoflandinthe area

Specifytheestimatedcostsofeachoftheworks,servicesandfacilities.

Specify the proportion of the total estimated costs of the works, services and facilities which is to be funded by a development infrastructure levy or community infrastructure levy or both

Specify the land in the area and the types of development in respect of which a levy is payable and the method for determining the levy payable in respect of any development of land

Providefortheproceduresforthecollectionofadevelopmentinfrastructurelevyinrespectto anydevelopmentforwhichapermitisnotrequired.

Thedevelopmentcontributionsplanmay:

Exempt certain land or certain types of development from payment of a development infrastructurelevyorcommunityinfrastructurelevyorboth.

Provide for different rates or amounts of levy to be payable in respect of different types of developmentoflandordifferentpartsofthearea

Turn static files into dynamic content formats.

Create a flipbook
Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.
Information Memorandum - 10-12 Hocking Street, Coburg North. by CVA Property Consultants - Issuu