Information Memorandum_1/27 Ascot Vale Road, Flemington

Page 1


▪ ZONING AND PLANNING OVERLAYS

01 POINT OF INTEREST

1/27 ASCOT VALE ROAD, FLEMINGTON

BUILDING AREA 245 sqm*

ZONING Industrial 3 Zone

TENANCY The Strength Store Pty Ltd

METHOD OF SALE Private Sale

SALE TERMS 10% deposit, balance 60/90 days

02 POINT OF VIEW

“This dual-level office/ warehouse is more than just a space; it’s at the heart of Flemington’s growth, ideal for businesses seeking high exposure and development potential.”
LEO MANCINO DIRECTOR - WEST REGION

Offering both office and warehouse potential in a bustling commercial hub, this property is perfectly poised for businesses seeking to thrive on connectivity and convenience.

Ample room for warehouse, office, and potential showroom uses.

Fronts Ascot Vale Road with over 11,000 vehicles passing daily.

Dedicated parking with additional access to public transportation.

“A commercial bet you can’t afford to miss.”
DOMENIC SGAMBELLONE
SENIOR PROPERTY EXECUTIVE - WEST REGION

03 PROPERTY FEATURES

IMPROVEMENTS

Experience unmatched commercial potential with Unit 1, a dual-level warehouse and office space encompassing 245 sqm*.

Designed to cater to a variety of business needs, this asset boasts showroom potential and is bathed in natural light, thanks to expansive windows. The practicality of a roller door enhances logistic operations, making deliveries effortless. With two dedicated car spaces and robust public transport options nearby, this space is as convenient as it is functional, offering an ideal setting for dynamic business activities.

04 LOCATION

ALL SIGNS POINT TO: ASCOT VALE ROAD.

Strategically positioned on Ascot Vale Road, this property stands as a prominent street-fronting asset, catching the eyes of over 11,000 vehicles daily.

Only 1.5 km from Citylink and 1.1 km from Maribyrnong Road, it offers swift access to various parts of the city. Public transport is readily available, with Newmarket railway station just 750 m away, and the 57 tram even closer.

This location does not just promise visibility; it delivers convenience and connectivity essential for business success, situating your venture on the fast track to growth.

AND THE POINT?

Vibrant. Connected. Strategic. Just a stone’s throw from the heart of Melbourne, Flemington offers a unique blend of accessibility and exposure.

05 SUBURB PROFILE

ON THE MAP: FLEMINGTON.

Flemington, renowned for its vibrant racing culture and diverse community, is a suburb that promises continuous growth and development.

The area boasts a dynamic mix of residential and commercial properties, catering to a broad demographic. With essential infrastructure like the Newmarket shopping plaza and numerous public transport links, Flemington combines convenience with a high-quality lifestyle.

Its proximity to Melbourne’s CBD makes it a strategic choice for businesses looking to capitalize on accessibility while enjoying a slightly quieter locale away from the city’s direct hustle.

POPULATION

06 PROPERTY PARTICULARS

PRINCIPLE OUTGOINGS

Council rates: TBC

Water rates: TBC

Owners Corporation: $1,900 per annum

Land tax: TBC

SITE DETAILS

TITLE PARTICULARS

Frontage to Ascot Vale Rd: 12.01 metres*

Western side boundary: 12.36 metres*

Northern side boundary: 12.34 metres*

Southern side boundary: 12.27 metres*

Total site area: 151.11 square metres*

Certificate of Title — Volume 11207 Folio 641

Lot 1 on Plan of Subdivision 620158

ZONING Industrial 3 Zone (IN3Z)

PLANNING OVERLAYS

Development Contributions Plan Overlay - Schedule 1 (DCP01)

MUNICIPALITY

Moonee Valley Council

06 PROPERTY PARTICULARS

TENANCY DETAILS

TENANT The Strength Store Pty Ltd

CURRENT RENTAL

$47,000 p.a. + GST

LEASE TERM Two years

FURTHER TERM One year

COMMENCEMENT DATE

RENTAL REVIEWS

OUTGOINGS

THE STRENGTH STORE

The Strength Store is an Australian-based company specializing in fitness equipment. They offer a variety of products aimed at enhancing strength training, including weights, racks, and other related accessories. The store caters to both individual fitness enthusiasts and commercial gyms, focusing on high-quality, durable equipment designed to support effective workout routines.

22nd November 2024

CPI and Market review between terms

Payable by the tenant as per lease

07 CONTACT DETAILS

LEO MANCINO DIRECTOR - WESTERN REGION

POINT OF INTEREST:

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.

POINT OF VIEW:

“Over the last thirty years in Melbourne’s dynamic commercial sector, I’ve experienced many highs and steered my clients confidently through the lows. Because, while the market fluctuates, my focus remains constant. And that proves to be the most reliable quality in the industry.”

DOMENIC SGAMBELLONE

E: domenic.sgambellone@cva.melbourne

POINT OF INTEREST:

SENIOR PROPERTY EXECUTIVE - WEST REGION

Thanks to more than four decades of experience, Domenic is no stranger to commercial real estate. In fact, he’s likely had a hand in several transactions you missed out on. Incredibly thorough, undoubtedly reliable. Domenic relishes the opportunity that commercial delivers, particularly in making a difference in the community he operates — but it’s his personable professionalism from beginning to end that will see him more as a partner in your portfolio. Present. Driven. Human. It’s his pursuit of creating a lasting legacy for his clients’ future generations that has already solidified his own within the industry

POINT OF VIEW:

“Corporate outlook, with a suburban focus. CVA is proud to open doors to commercial property across Melbourne’s four points, and I’m honoured to open the same doors to my client’s future portfolios.”

M: 0418 327 676

ZONING & PLANNING OVERLAYS

33.03

31/07/2018

VC148

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

01/12/2023

VC217

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:

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

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

■ Must not:

Exceed a fire protection quantity under the Dangerous Goods (Storage and Handling) Regulations 2012.

Use

Condition

Service station

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

Supermarket

Take away food premises

Tramway

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.

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.

■ 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:

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

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

■ Must not:

Exceed a fire protection quantity under the Dangerous Goods (Storage and Handling) Regulations 2012.

Use Condition

Any use listed in Clause 62.01

Section 2 - Permit required

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

Require a notification under the Occupational Health and Safety Regulations 2017.

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

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

■ Appearance of any stored goods or materials.

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

■ 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.

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 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,

Must not be a primary or secondary school.

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

Use Condition

Cinema based entertainment facility and Circus)

Restricted retail premises

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

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:

■ Appearance of any stored goods or materials.

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

■ 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.

■ 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 2012 is exceeded.

■ The likely effects, if any, on the neighbourhood, including: Noise levels.

■ Decision guidelines

■ Air-borne emissions.

■ Emissions to land or water.

■ Traffic, including the hours of delivery and despatch.

■ Light spill or glare.

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

Information requirements and decision guidelines

Subdivide land to realign the common boundary between 2 lots where: Clause 59.01

Class of application

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:

Information requirements and decision guidelines

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 subdivision does not create a vacant lot.

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

■ Has started lawfully.

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

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. 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:

■ Any natural or cultural values on or near the land.

The Municipal Planning Strategy and the Planning Policy Framework.

■ 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 are used for crop raising or informal outdoor recreation.

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

■ A rainwater 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).

■ 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:

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

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

Information requirements and decision guidelines

■ Clause 59.04

■ Used for an Adult sex product shop.

Application requirements

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.

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

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

33.03-5

31/07/2018

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.

■ 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.

VC148 Signs Sign requirements are at Clause 52.05. This zone is in Category 2.

Land

None specified

Maximum leasable floor area for Office (square metres)

None specified

45.06

31/07/2018

VC148

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.

45.06-1

19/01/2006

VC37

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.

45.06-2

19/01/2006

VC37

■ 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:

■ 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.

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

15/01/2024

SCHEDULE 1 TO CLAUSE 45.06 DEVELOPMENT CONTRIBUTIONS PLAN OVERLAY

Shown on the planning scheme map as DCPO1.

MOONEE VALLEY DEVELOPMENT CONTRIBUTIONS PLAN

1.0

15/01/2024

VC249

2.0

15/01/2024

Area covered by this development contributions plan

The Moonee Valley Development Contributions Plan December 2023 applies to all new development within the 18 Charge Areas as shown below.

Summary of costs

Note *CF Community Facilities contribution are capped at $1,190 per dwelling.

This table sets out a summary of costs prescribed in the Moonee Valley Development Contributions Plan September 2020. Refer to incorporated document Moonee Valley Development Contributions Plan December 2023 .

Moonee Valley City Council commits to delivering the DCP projects by 30 June 2040, but may deliver projects earlier. It is likely that projects will be progressively delivered over the DCP period.

Moonee Valley City Council is the Collecting Agency and Development Agency for this DCP.

Summary of contributions

Note: Square

Where the DCP provides for a Community Infrastructure Levy of $1,190, Council will charge the maximum dwelling amount which will be determined in accordance with Part 3B of the Act.

Where the DCP provides for a Community Infrastructure Levy less than $1,190, that amount will be adjusted on July 1 using the Producer Price Index for Non-Residential Building Construction in Victoria as published by the Australian Bureau of Statistics in accordance with Part 3B of the Act.

A list showing the current contribution amounts will be held at Council's Planning Department.

Payment of the Development Infrastructure Levy must be made at one of the following stages:

Subdivision stage – Unless otherwise agreed by Council, full payment of the Development Infrastructure Levy must be paid and received by Council before the issue of a Statement of Compliance for the approved subdivision.

Planning Permit stage – Unless otherwise agreed by Council, full payment of the Development Infrastructure Levy where there is no subdivision must be paid and received by Council prior to the commencement of any development or works.

Building Permit stage – Unless otherwise agreed by Council, full payment of the Development Infrastructure Levy, where there is no subdivision or planning permit, must be paid and received by Council before the issue of building permit under the Building Act 1993.

Payment of the Community Infrastructure levy:

Building Permit stage – unless otherwise agreed by Council, full payment of the Community Infrastructure Levy, must be paid and received by Council before the issue of the building permit under the Building Act 1993.

Land or development excluded from development contributions plan

No land or development shall be exempt from levies under this DCP unless exempted by legislation, Ministerial Direction, legal agreement with Moonee Valley City Council or stated below:

■ Housing provided by or on behalf of the Department of Families, Fairness and Housing.

Land developed for a non-government school, as defined in Ministerial Direction on the Preparation and Content of Development Contributions Plans dated 11 October 2016.

■ The use and development the subject of the agreement pursuant to section 173 of the Act recorded in dealing number AQ569425F.

■ The development of land for a small second dwelling.

■ Minor changes to existing non-residential development of less than 50 sqm net change.

■ Residential development of land with existing dwellings is subject to an exemption equal to the number of existing dwellings.

■ Commercial development of land with existing commercial floor space is subject to an exemption equal to the existing commercial floor space.

■ Retail development of land with existing retail floor space is subject to an exemption equal to the existing retail floor space.

■ The Development Infrastructure Levy will be adjusted annually on July 1 each year to cover inflation, by applying the Consumer Price Index for Melbourne (All Groups) as published by the Australian Bureau of Statistics. The DIL contribution amounts are current as at 7 June 2018.

■ Industrial development of land with existing industrial floor space is subject to an exemption equal to the existing industrial floor space.

Subdivision of existing dwellings.

■ Replacement of a single dwelling.

■ Note:

‘Existing’ includes existing within two years prior to the development application. This schedule sets out a summary of the costs and contributions prescribed in the development contributions plan. Refer to the incorporated development contributions plan for full details.

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Information Memorandum_1/27 Ascot Vale Road, Flemington by CVA Property Consultants - Issuu