Information Memorandum_129-131 Sussex Street, Pascoe Vale

Page 1


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Property Particulars

Location

Sales Process 08. Appendices Zoning and Overlays

A rare offering in one of Melbourne’s most tightly held inner-north industrial precincts, this premium corner freehold combines income security, significant infrastructure, and long-term flexibility.

Situated on a 2,680 sqm* landholding with prominent exposure, the property comprises a 1,923 sqm* lofty clear-span warehouse with dual-level office accommodation, excellent loading capabilities, and three container-height roller doors.

The asset is securely leased to an established tenant on a 5 + 5 year term from July 2023, returning $302,847.96 per annum with fixed 4% annual increases. Zoned Industrial 3, it also presents future development or owner-occupier potential (STCA).

1,923 sqm*

2,680 sqm*

Indexed Income

Current annual income of $302,847.96 per annum plus GST & outgoings.

Fixed 4% rental increas-

Total building area. Corner landholding.
87 kW* solar system and 300 amps* of power.
Three container-height roller doors. Zone.
es on secure lease.

A secure corner investment with the kind of infrastructure and lease profile that investors rarely walk away from — especially in a market where high-quality industrial stock remains in short supply.

Leo Mancino | 0418 343 147 leo.mancino@cva.melbourne

“In a postcode where logistics meet lifestyle, this corner factory keeps it commercial.”

It’s the expertise accumulated over three decades paired with a realistic outlook on life, that makes Leo not just a seasoned director to the CVA team, but a significant asset when it comes to dealing with yours. From personable first impressions to successful business transactions, he has not just built a solid and loyal client base, but developed negotiation techniques that have earned him great respect in this city’s industry.

Craig McKellar | 0431 892 780 craig.mckellar@cva.melbourne

“High-spec infrastructure meets high-calibre tenancy — this is industrial security in every sense.”

Craig has been transacting commercial real estate in Melbourne’s north for more than a decade. And in that time, he’s marvelled at how the properties within this point of the city have adapted to the burgeoning urban landscape. It’s a transformation he has witnessed not just as a real estate agent but a property consultant, too. He’s equipped with the resources to think beyond today and forecast market trends, investor profitability and even Melbourne’s weather — yes, you should always pack a jumper.

Combining scale, infrastructure, and income security, this corner-positioned industrial facility stands out as a rare find in Pascoe Vale’s tightly held northern industrial corridor. Spanning 1,923 sqm of building area* on a 2,680 sqm corner site*, the asset has been designed for high-functioning operations — now and into the future.

The lofty clear-span warehouse provides generous internal proportions ideal for storage, manufacturing, or distribution, while three container-height roller doors facilitate seamless vehicle access and goods movement. Supporting the warehouse is a dual-level office and administrative zone, perfectly suited for a midsized operation needing both floor space and business accommodation.

The property is also geared for efficiency, with a robust 87 kW solar system* and 300 amps of power* — ensuring it can handle energy-intensive operations with reduced overheads. The site is fully secured, with 23 on-site car spaces, drive-around access, and excellent street exposure.

Currently leased to an established tenant on a 5 + 5 year agreement (commenced July 2023), the asset generates $302,847.96 p.a. in net income, with 4% fixed annual increases, providing investors with longterm stability and income growth. Zoned Industrial 3, it offers future flexibility for redevelopment or owner occupation (STCA), adding an extra layer of upside to a rock-solid investment.

TENANCY SCHEDULE

Tenant

Current rental

Machine Industries Pty Ltd

$302,848 p.a + outgoings

(5) Years

Machine Industries Pty Ltd.

Machine Screenprinters is a Melbourne-based apparel printing studio specialising in highquality screen printing, embroidery, and custom merchandise. With over two decades of experience, they produce premium t-shirts, hoodies, workwear, and event merch, offering full-service production from sourcing to print to delivery.

Principle Outgoings

Site Details

Title particulars

$15,795 p.a* combined

$2,679.40 p.a* combined

$17,000 p.a* on single holding basis

Certificate of Title — Volume 10816 Folio 574

Certificate of Title — Volume 10816 Folio 573

Lot 2A of Plan PS522446W

Lot 1A of Plan PS522446W

Zoning Industrial 3 Zone (IN3Z)

Planning Overlays

Development Contributions Plan Overlay - Schedule 1 (DCPO1)

Municipality City of Merri Bek

All signs point to: Sussex Street.

A tightly held industrial pocket offering unmatched connectivity, workforce access, and strategic positioning for high-performing businesses. Here are some notable aspects and benefits of buying property in this area:

Strategic Inner-North Logistics Position:

Situated just 10 km from the Melbourne CBD, Sussex Street offers a rare balance of proximity and accessibility — ideal for businesses needing efficient last-mile delivery without the high overheads of inner-city industrial zones.

Exceptional Transport Connectivity:

With direct access to Sydney Road, Citylink, and the Western Ring Road, businesses benefit from seamless east–west and north–south distribution routes. This supports faster freight movement, reduced transport costs, and smooth staff commuting.

Strong Local Workforce & SME Ecosystem:

Being close to high-density suburbs like Coburg, Preston, and Brunswick, Sussex Street is supported by a large and reliable labour pool, plus a growing community of small-tomedium businesses that boost local commercial activity.

Affordable Industrial Zoning with Room to Scale: Pascoe Vale’s under-the-radar industrial pocket offers more competitive pricing and development potential compared to surrounding suburbs. This makes it attractive for operators needing larger footprints or expansion capacity.

High Exposure & Rare Holding Opportunity:

Located on a prominent industrial corner, the area delivers strong visibility, easy truck access, and operational efficiency. Industrial stock in this pocket is tightly held, meaning opportunities to secure freehold property — especially corner sites — are limited and highly sought-after.

Proximity to Retail Amenity & Services:

Just 500 metres from Coburg North Village, the location offers convenient access to major retailers such as Coles, Sacca’s Fine Foods, Subway, Grill’d, medical centres, and a range of everyday services — supporting staff wellbeing and business convenience.

Inner-North Advantage. Metro Movement. Industrial Integrity. A Pascoe Vale corner site with exposure, energy infrastructure, and arterial access — just 10 km from the CBD. AND THE POINT?

All signs point to: Pascoe Vale.

Pascoe Vale is an inner-north Melbourne suburb that has quietly transformed into a commercial and residential hotbed. Just 10 km from the CBD, it’s long been known for its leafy streets, excellent connectivity, and community infrastructure. But behind the scenes, Pascoe Vale has also retained pockets of industrial land — sites that are now highly sought after for their proximity to arterials and scarcity within a rapidly gentrifying corridor.

The suburb is home to 18,171 residents, with a median age of 36 and a highly active workforce — 68.7% of the population is aged between 15–65 years. The median weekly household income sits at $2,025, while monthly mortgage repayments average $2,100, indicating a stable and upwardly mobile community.

Housing demand continues to rise, with the current median house price sitting at $1,200,000, and units at $695,000, showing sustained residential growth alongside commercial appeal. Importantly, this has created a dual benefit for industrial investors: strong asset growth and low vacancy rates due to supply constraints.

Zoned pockets like this one remain incredibly rare in Pascoe Vale — and even more so when backed by secure leases, high-spec infrastructure, and immediate arterial access. For those seeking a hybrid of performance and positioning, this suburb is no longer a secret — it’s a standout.

Private Sale Process

At CVA, we are dedicated to providing a professional and transparent experience throughout the private sale process.

To ensure clarity and fairness, we have outlined the key steps below, allowing prospective purchasers to fully understand the process when submitting an offer.

1. Submitting Offers

Offers can be submitted at any point during the private sale period, as there is no fixed closing date. We recommend that all interested parties submit their strongest offer using the provided documentation, ensuring all fields are completed and the form is signed. Once submitted, your offer will be promptly presented to the vendor for consideration.

2. Review Process

Upon receipt, all offers are carefully reviewed by the vendor. We will communicate any feedback or decisions regarding your offer in a timely manner. Unlike auctions or formal Expressions of Interest campaigns, the private sale allows the vendor the flexibility to accept, negotiate, or decline offers at their discretion as they are received.

3. Contract and Settlement

Should your offer be accepted, a formal contract of sale will be prepared. At this stage, a deposit may be required to secure the property. The agreed terms of the contract, including the settlement period, will then be finalised between the buyer and vendor.

We strive to maintain open communication and provide professional guidance throughout the private sale process, ensuring a seamless experience for all parties involved.

For more information, contact

Leo Mancino

0418 343 147

leo.mancino@ cva.melbourne

Craig Mckellar

0431 892 780 craig.mckellar@ cva.melbourne

33 03

31/07/2018

INDUSTRIAL 3 ZONE

Shown on the planning scheme map as IN3Z

Purpose

To implement the Municipal Planning Strategy and the Planning Policy Framework

To provide for industries and associated uses in specific areas where special consideration of the nature and impacts of industrial uses is required or to avoid inter-industry conflict

To provide a buffer between the Industrial 1 Zone or Industrial 2 Zone and local communities, which allows for industries and associated uses compatible with the nearby community

To allow limited retail opportunities including convenience shops, small scale supermarkets and associated shops in appropriate locations

To ensure that uses do not affect the safety and amenity of adjacent, more sensitive land uses

33 03-1

Table of uses

Section 1 - Permit not required Use Condition

Automated collection point 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.

Convenience shop

Crop raising

Grazing animal production

Home based business

Informal outdoor recreation

Mail centre

Railway

Service industry

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 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 Public Acquisition 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 (Storage and Handling) Regulations 2022

Page 1 of 8

Use

Service station

Shop (other than Adult sex product shop, Convenience shop, Restricted retail premises and Supermarket)

Condition

Require a notification under the Occupational Health and Safety Regulations 2017

Require a licence under the Dangerous Goods (Explosives) Regulations 2011.

Require a licence under Dangerous Goods (HCDG) Regulations 2016

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 Public Acquisition Overlay to be acquired for a hospital, an education centre or a corrective institution.

Must adjoin, or be on the same lot as, a supermarket when the use commences.

The combined leasable floor area for all shops adjoining or on the same lot as the supermarket must not exceed 500 square metres.

The site must adjoin, or be within 30 metres of, a road in a Transport Zone 2 or a Transport Zone 3.

Supermarket

The leasable floor area must not exceed 1800 square metres.

The site must adjoin, or be within 30 metres of, a road in a Transport Zone 2 or a Transport Zone 3.

Must be on land within an urban growth boundary and in metropolitan Melbourne.

Take away food premises

Tramway

Warehouse (other than Fuel depot, Mail centre or Shipping container storage)

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 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 Public Acquisition 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 (Storage and Handling) Regulations 2022

Require a notification under the Occupational Health and Safety Regulations 2017

Require a licence under the Dangerous Goods (Explosives) Regulations 2011

WYNDHAM

Use

Any use listed in Clause 62.01

Condition

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.

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

Must meet the requirements of Clause 62.01.

Section 2 - Permit required

Use

Adult sex product shop

Condition

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.

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

Caretaker's house

Education centre

Industry (other than Automated collection point and Service industry)

Leisure and recreation (other than Informal outdoor recreation, Major sports and recreation facility, and Motor racing track)

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)

Must not be a primary or secondary school.

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

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33.03-2 14/01/2025 VC237

Sex services premises - if the Section 1 conditions for a shop are not met

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

Any other use not in Section 1 or 3

Section 3 - Prohibited Use

Accommodation (other than Caretaker's house)

Cinema based entertainment facility

Hospital

Intensive animal production

Major sports and recreation facility

Motor racing track

Pig farm

Poultry farm

Shop (other than Adult sex product shop, Convenience shop, Restricted retail premises, Sex services premises and Supermarket) – if the Section 1 conditions are not met

Supermarket – if the section 1 conditions are not met

Use of land

Amenity of the neighbourhood

A use 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.

Application requirements

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

The purpose of the use and the types of processes to be utilised

Page 4 of 8

WYNDHAM PLANNING SCHEME

33.03-3

31/07/2018 VC148

The type and quantity of goods to be stored, processed or produced. How land not required for immediate use is to be maintained

Whether a Development Licence, Operating Licence, Permit or Registration is required from the Environment Protection Authority

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 2022 is exceeded

The likely effects, if any, on the neighbourhood, including:

Noise levels.

Air-borne emissions

Emissions to land or water

Traffic, including the hours of delivery and despatch – Light spill or glare

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsible authority must consider, as appropriate:

The Municipal Planning Strategy and the Planning Policy Framework

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 directions of the referral authorities

The effect that nearby industries may have on the proposed use

The drainage of the land

The availability of and connection to services

The effect of traffic to be generated on roads

The interim use of those parts of the land not required for the proposed use

The effect on nearby industries.

Subdivision

Permit requirement

A permit is required to subdivide land.

VicSmart applications

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

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.

Information requirements and decision guidelines

Page 5 of 8

Clause 59.01

Class of application

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 59.02

Clause 59.02

33.03-4

01/12/2023 VC217

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 from land (not a road) which is in a residential zone or 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

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsible authority must consider, as appropriate:

The Municipal Planning Strategy and the Planning Policy Framework

Any natural or cultural values on or near the land

Streetscape character

Landscape treatment

Interface with non-industrial areas.

Buildings and works

Permit requirement

A permit is required to construct a building or construct or carry out works This does not apply to:

A building or works which rearrange, alter or renew plant if the area or height of the plant is not increased.

A building or works which are used for crop raising or informal outdoor recreation.

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

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WYNDHAM

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

– The rainwater tank is no higher than the existing building on the site

– The rainwater tank is not located in an area that is provided for car parking, loading, unloading or accessway

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 metres of:

– A waterway, wetland or designated flood plain

– A dwelling not in the same ownership

– A residential or urban growth zone

VicSmart applications

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

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 an Adult sex product shop.

Application requirements

Information requirements and decision guidelines

An application to construct a building or construct or carry out works must be accompanied by the following information, as appropriate:

A plan drawn to scale which shows:

– The boundaries and dimensions of the site.

– Adjoining roads.

– Relevant ground levels

– The layout of existing and proposed buildings and works

– Driveways and vehicle parking and loading areas

– Proposed landscape areas

– External storage and waste treatment areas

– Mechanisms to mitigate noise, odour and other adverse amenity impacts of, and on, nearby industries

Elevation drawings to scale which show the colour and materials of all buildings and works

Construction details of all drainage works, driveways and vehicle parking and loading areas

A landscape layout which includes the description of vegetation to be planted, the surfaces to be constructed, a site works specification and the method of preparing, draining, watering and maintaining the landscape area

Page 7 of 8

Clause 59.04

33 03-5

31/07/2018

VC148

Decision guidelines

Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsible authority must consider, as appropriate:

The Municipal Planning Strategy and the Planning Policy Framework

Any natural or cultural values on or near the land

Streetscape character

Built form

Landscape treatment.

Interface with non-industrial areas

Parking and site access

Loading and service areas

Outdoor storage

Lighting

Stormwater discharge

The effect on nearby industries

The effect of nearby industries

Maintenance

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

Signs

Sign requirements are at Clause 52 05 This zone is in Category 2

45 06

31/07/2018

VC148

45 06-1

19/01/2006

VC37

45.06-2

19/01/2006

VC37

BAYSIDE PLANNING SCHEME

DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY

Shown on the planning scheme map as DCPO with a number

Purpose

To implement the Municipal Planning Strategy and the Planning Policy Framework

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 development can commence

Development contributions plan

A permit must not be granted to subdivide land, construct a building or construct or carry out works until a development contributions plan has been incorporated into this scheme

This does not apply to the construction of a building, the construction or carrying out of works or a subdivision specifically excluded by a schedule to this overlay

A permit granted must:

Be consistent with the provisions of the relevant development contributions plan

Include any conditions required to give effect to any contributions or levies imposed, conditions or requirements set out in the relevant schedule to this overlay.

Preparation of a development contributions plan

The development contributions plan may consist of plans or other documents and may, with the agreement of the planning authority, be prepared and implemented in stages

The development contributions plan must:

Specify the area to which the plan applies

Set out the works, services and facilities to be funded through the plan, including the staging of the provision of those works, services and facilities

Relate the need for the works, services or facilities to the proposed development of land in the area

Specify the estimated costs of each of the works, services and facilities

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.

Provide for the procedures for the collection of a development infrastructure levy in respect to any development for which a permit is not required

The development contributions plan may:

Exempt certain land or certain types of development from payment of a development infrastructure levy or community infrastructure levy or both

Provide for different rates or amounts of levy to be payable in respect of different types of development of land or different parts of the area

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