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478-484 High Street Road, Mount Waverley_DIGITAL

Page 1


01 POINT of interest

Building Area

1,350 sqm*

Land Area

4,791 sqm*

Zoning

General Residential Zone (GRZ3)

Tenancy

Vacant Possession

Method of Sale

Expressions of Interest closing

Wednesday 6th March 2024 at 3pm

Sale Term

10% deposit, balance negotiable

02 POINT of View

This strategically positioned site comprises 4,791 sqm* of land, placed on a southeastern corner of the highest point of High Street Road. The substantial existing buildings are currently serving the community as a Church.

Adjoining the Mount Waverley Reservoir providing an irreplaceable island environment, favourable zoning and site conditions. This opportunity will support several development outcomes such as aged care, childcare, medical, town house project or a combination, to build within Mount Waverley’s soaring property outlook.

1,350 sqm* total building area.

4,791 sqm* total land area.

159 m* frontage to a strategic southeastern corner.

800 m* to Stephenson Road.

2.1 km* to the Burwood Highway.

“An unrivalled corner site, strategically positioned within the coveted suburb of Mount Waverley.”
Daniel Philip Director Southern Region
“Magnificent 4,791 sqm* site in one of Melbourne highest elevations at 130+ metres.”
Ian Angelico Managing Director - Agency

Both internal and external areas provide expansive gathering areas to roam and are further serviced by a large kitchen for visitors. Extensive car parking areas and dual access provides easy accessibility.

All signs point to Mount Waverley

Strategically positioned and placed on a southeastern corner of the highest point of High Street Road. Amenity is in abundance with the Mount Waverley Train Station only 1.5 km’s away, under 3 kilometres to the Glen Shopping Centre which has recently undergone a near $900 million dollar upgrade offering an array of shopping, multilevel residential and dining options. The nearby Mount Waverley Secondary College and Mount Waverley North Primary School provide excellent educational options for families. Healthcare needs are met with accessible hospitals, ensuring residents have convenient access to medical services.

AND THE POINT?

Centralised. Connected. Convenient. When your western backyard will enjoy a neighbour free outlook, thanks to the Reservoir, some would call the whole package a commercial miracle. We just call it smart business.

Owing to its generous proportions, limited interface sensitivity and its main street corner location, this land is well suited to higher density residential redevelopment.

Zoning

Within the General Residential Zone Schedule3 –Garden City Suburbs (GRZ3), development of up to 3 storeys is permitted. This site presents a perfect opportunity to optimise the prescribed height allowance.

Neighbourhood Attributes

There are several multi-dwelling developments within close proximity to the site, including 3-storey apartment typologies.

Optimise Potential

The relevant provisions of the Monash Planning Scheme, including the GRZ3 control, provide prescriptive guidance on the preferred built form outcomes of future development. Given the unique, non-sensitive interface conditions of the site, UPco considers there to be opportunities for variations to some of these provisions, allowing a design outcome that optimises development potential.

Alternative Opportunity

UPco further notes the site’s potential suitability for a retirement and/or aged care development. These land uses are not subject to a 3-storey height limit. In UPco’s view, there is potential scope to achieve taller built form for a development of this nature.

UPco is a specialist statutory planning collective based in Melbourne. If you’d like to learn more, view the UPco Company Profile here . Planning Advice

This site summary has been prepared by Marc Ellenbroek. If you’d like to discuss this site, UPco would love to hear from you.

www.upco.com.au

05 Local amenities

public transport Hospitals

Trains

Conveniently located central to both Mount Waverley and Syndal railway station, this property offers residents swift travel options throughout Melbourne.

Buses

A number of bus connections run along High Street Road, like the 623, 703, 733, and 734, connecting from St Kilda to Chadstone and everywhere inbetween.

Waverly Private Hospital

1.4 km* away, this private hospital offers specialties like cardiology, oncology, and orthopaedic surgery.

Monash Medical Centre

1.8 km* away, this practice boasts a team of GPs, specialists, and allied health professionals.

Epworth Eastern Hosital

3.4 km away, it’s known for cutting- edge technology across neurosurgery, paediatrics, and women’s health.

Education

From childcare centres to universities, there’s learning within a 5 km* radius.

Wesley College

Consistently securing a place among the top 10 institutions, they produced the 2023 Monash University Dux and high VCE scores.

Brentwood Secondary College

A leading educational institution in Victoria, the school has garnered numerous awards for academic excellence, innovation, and pastoral care.

Avila College

Near Mount Waverley railway station, the college has grown to become one of the larger Catholic secondary schools for girls in the state with an enrollment of about 1,100 students and 150 staff.

Retail

Mount Waverley is a haven for residents, presenting a diverse range of shopping destinations that cater to a multitude of tastes and preferences.

Century Walk

About 1.5 kms* southwest lies Century Walk, a charming shopping area which contains Village Cinemas, Novotel Hotel and eateries.

The Glen

The Glen Shopping Centre, located approximately 3.2 kms* northwest, is a popular destination for Mount

Waverley residents, offering a variety of fashion, dining, and entertainment options.

Kingsway

Kingsway Glen Waverley, is an iconic retail strip located behind Century Walk, and connects to The Glen Shopping Centre. It is best known for its Asian eateries.

Other retailers include Dan Murphys, hairdressers, gift shops and Travel agencies.

Willow Park Shopping Centre

Willow Park Shopping Centre, with Mount Waverley

railway station just 3.5 kms* away, a quick 23-minute journey by public transport.

Pinewood Shopping Village

Situated approximately 2.5 kms* northeast of Mount Waverley Railway Station, Pinewood Shopping Village has stood as a central pillar of the local community for over six decades. Established in 1960, this vibrant village has been meeting the everyday needs of residents and visitors alike, creating a sense of community that withstands the test of time.

At the heart of Pinewood Shopping Village is a wellstocked supermarket offering fresh and locally sourced groceries, providing a one-stop destination for all your

culinary needs. For those with a penchant for fashion, a unique boutique beckons, showcasing trendy clothing that adds a touch of style to your wardrobe.

Pinewood Shopping Village offers more than 102 stores and other services such as cinemas, restaurants, cafes, bars, pharmacies, banks, post office, medical centre, dental clinic, beauty salon, dry cleaners, florist, newsagency and more.

On the map: Mount waverley

Mount Waverley, situated approximately 16 kms* southeast of Melbourne’s central business district, boasts a predominantly residential character with a mix of family homes, townhouses, and apartments.

The suburb is renowned for its strong appeal to families, supported by the presence of reputable primary and secondary schools. Its well-connected transportation network, including the Mount Waverley Train Station and accessible bus services, enhances commuting convenience.

Shopping needs are covered at the Mount Waverley

Village shopping precinct, and proximity to major

hubs like Chadstone Shopping Centre adds an extra layer of convenience. The industrial property for sale benefits from established industrial zones, making it an appealing location for businesses. Closeness to Monash University enhances its attractiveness, offering potential access to a skilled workforce.

With healthcare facilities, community amenities, and a welcoming environment, Mount Waverley stands out as a well-connected and desirable suburb for both residents and businesses.

Median Residential Prices House

$1,609,000

08 contact details

Daniel Philip Director-Southern Region

Mobile 0439 977 121

daniel.philip@cva.melbourne

Point of Interest

An agent that turns first impressions into lasting commitments. Since the early days of his career, Daniel has established a level of service that is defined by in-depth market knowledge, expert advice and responsive communication. Committed to creating value in the commercial real estate opportunities he matches with his clients’ objectives, and the ability to think outside the square. Especially if that extends well beyond Melbourne’s inner-city grid.

Point of View

“Commercial real estate is underpinned by longevity.

In the loyal client partnerships we establish and the value we create on a trusted basis, it’s a partnership that starts here, but sees each individual reach their own objectives.”

Point of Interest

In more than 30 years, Ian has witnessed the successful signing of more than two thousand commercial real estate transactions – which is more of a legacy, than a track record. And it’s one that has been achieved by adopting a methodical approach amongst a myriad of changing variables. It’s one that has been sharpened through his holistic exposure to commercial projects across all points of Melbourne. By focusing on maximising each property’s profitability, Ian ensures that at the end of the day, it’s maximising value that determines his success.

Point of View

“Business, similar to commercial property, comes down to economics — the all-important dollar. And so, those in the market must recognise that when providing platforms for businesses to transition from ideas to implementation, the price must be right not just today but tomorrow, too.”

To

To

To

Must meet all of the objectives included in the clauses specified in the following table. Should meet all of the standards included in the clauses specified in the following table.

Class of subdivision Objectives and standards to be met

60 or more lots All except Clause 56.03-5.

16 – 59 lots All except Clauses 56.03-1 to 56.03-3, 56.03-5, 56.06-1 and 56.06-3.

3 – 15 lots All except Clauses 56.02-1, 56.03-1 to 56.03-4, 56.05-2, 56.06-1, 56.06-3 and 56.06-6.

2 lots Clauses 56.03-5, 56.04-2, 56.04-3, 56.04-5, 56.06-8 to 56.09-2.

A permit must not be granted which would allow a separate lot to be created for land containing a small second dwelling.

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

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

A

Subject

A3

A11

A12

A13

A14

A15 Overlooking.

For

VicSmart applications

Subject

71.06, an application under this

for a development specified in Column 1 is a class of VicSmart application and must be assessed against the provision specified in Column 2.

A3 Street setback.

A9 Building setback.

A9.1 Safety and accessibility.

A10 Side and rear setbacks.

A11 Walls on boundaries.

A12 Daylight to existing windows.

A13 North-facing windows.

A14 Overshadowing open space.

A15 Overlooking.

For the purposes of this class of VicSmart application, the Clause 54 standards specified above are mandatory.

If a schedule to the zone specifies a requirement of a standard different from a requirement set out in the Clause 54 standard, the requirement in the schedule to the zone applies and must be met.

Construction and extension of two or more dwellings on a lot, dwellings on common property and residential buildings

Permit requirement

A permit is required to:

Construct a dwelling if there is at least one dwelling existing on the lot.

Construct two or more dwellings on a lot.

Extend a dwelling if there are two or more dwellings on the lot.

Construct or extend a dwelling if it is on common property.

Construct or extend a residential building.

A permit is required to construct or extend a front fence within 3 metres of a street if:

The fence is associated with 2 or more dwellings on a lot or a residential building, and

The fence exceeds the maximum height specified in Clause 55.06-2.

A development must meet the requirements of Clause 55. This does not apply to a development of five or more storeys, excluding a basement.

An apartment development of five or more storeys, excluding a basement, must meet the requirements of Clause 58.

VicSmart applications

Subject to Clause 71.06, an application under this clause for a development specified in Column 1 is a class of VicSmart Page 8 of 13

32.08-8

14/12/2023

application and must be assessed against the provision specified in Column 2.

Class of application Information requirements and decision guidelines

Transitional provisions

Clause 55 of this scheme, as in force immediately before the approval date of Amendment VC136, continues to apply to:

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.

Clause 58 does not apply to:

An application for a planning permit lodged before the approval date of Amendment VC136.

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.

Clauses 55 and 58 of this scheme, as in force immediately before the approval date of Amendment VC174, continue to apply to:

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.

VC253 Requirements of Clause 54 and Clause 55

A schedule to this zone may specify the requirements of:

Standards A3, A5, A6, A10, A11, A17 and A20 of Clause 54 of this scheme.

Standards B6, B8, B9, B13, B17, B18, B28 and B32 of Clause 55 of this scheme.

If a requirement is not specified in a schedule to this zone, the requirement set out in the relevant standard of Clause 54 or Clause 55 applies.

32.08-9

14/12/2023

VC253 Residential aged care facility

Permit requirements

A permit is required to construct a building or construct or carry out works for a residential aged care facility.

A development must meet the requirements of Clause 53.17 - Residential aged care facility.

32.08-10

Buildings and works associated with a Section 2 use

14/12/2023

VC253

A permit is required to construct a building or construct or carry out works for a use in Section 2 of Clause 32.08-2. Page 9 of 13 MONASH PLANNING SCHEME

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 where:

The building or works are not associated with a dwelling, primary school or secondary school and have an estimated cost of up to $100,000; or

The building or works are associated with a primary school or secondary school and have an estimated cost of up to $500,000; and

The requirements in the following standards of Clause 54 are met, where the land adjoins land in a residential zone used for residential purposes:

A10 Side and rear setbacks.

A11 Walls on boundaries.

A12 Daylight to existing windows.

A13 North-facing windows.

A14 Overshadowing open space.

A15 Overlooking.

For the purposes of this class of VicSmart application, the Clause 54 standards specified above are mandatory.

If a schedule to the zone specifies a requirement of a standard different from a requirement set out in the Clause 54 standard, the requirement in the schedule to the zone applies and must be met.

A building must not be constructed for use as a dwelling, small second dwelling or a residential building that: exceeds the maximum building height specified in a schedule to this zone; or contains more than the maximum number of storeys specified in a schedule to this zone.

If no maximum building height or maximum number of storeys is specified in a schedule to this zone:

the building height must not exceed 11 metres; and the building must contain no more than 3 storeys at any point.

A building may exceed the applicable maximum building height or contain more than the applicable maximum number of storeys if:

It replaces an immediately pre-existing building and the new building does not exceed the building height or contain a greater number of storeys than the pre-existing building.

There are existing buildings on both abutting allotments that face the same street and the new building does not exceed the building height or contain a greater number of storeys than the lower of the existing buildings on the

abutting allotments.

It is on a corner lot abutted by lots with existing buildings and the new building does not exceed the building height or contain a greater number of storeys than the lower of the existing buildings on the abutting allotments.

It is constructed pursuant to a valid building permit that was in effect prior to the introduction of this provision.

An extension to an existing building may exceed the applicable maximum building height or contain more than the applicable maximum number of storeys if it does not exceed the building height of the existing building or contain a greater number of storeys than the existing building.

A building may exceed the maximum building height by up to 1 metre if the slope of the natural ground level, measured at any cross section of the site of the building wider than 8 metres, is greater than 2.5 degrees.

A basement is not a storey for the purposes of calculating the number of storeys contained in a building.

The maximum building height and maximum number of storeys requirements in this zone or a schedule to this zone apply whether or not a planning permit is required for the construction of a building.

Building height if land is subject to inundation

If the land is in a Special Building Overlay, Land Subject to Inundation Overlay or is land liable to inundation the maximum building height specified in the zone or schedule to the zone is the vertical distance from the minimum floor level determined by the relevant drainage authority or floodplain management authority to the roof or parapet at any point.

32.08-12

14/12/2023

VC253 Application requirements

An application must be accompanied by the following information, as appropriate:

For a residential development of four storeys or less, the neighbourhood and site description and design response as required in Clause 54 and Clause 55.

For an apartment development of five or more storeys, an urban context report and design response as required in Clause 58.01.

For an application for subdivision, a site and context description and design response as required in Clause 56.

Plans drawn to scale and dimensioned which show:

Site shape, size, dimensions and orientation.

The siting and use of existing and proposed buildings.

Adjacent buildings and uses.

The building form and scale.

Setbacks to property boundaries.

The likely effects, if any, on adjoining land, including noise levels, traffic, the hours of delivery and despatch of good and materials, hours of operation and light spill, solar access and glare.

Any other application requirements specified in a schedule to this zone.

If in the opinion of the responsible authority an application requirement is not relevant to the evaluation of an application, the responsible authority may waive or reduce the requirement.

32.08-13

14/12/2023

VC253

Exemption from notice and review

Subdivision

An application to subdivide land into lots each containing an existing dwelling or car parking space 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.

11 of 13

32.08-14

14/12/2023

VC253

MONASH PLANNING SCHEME

Decision guidelines

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

General

The Municipal Planning Strategy and the Planning Policy Framework.

The purpose of this zone.

The objectives set out in a schedule to this zone.

Any other decision guidelines specified in a schedule to this zone.

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.

Subdivision

The pattern of subdivision and its effect on the spacing of buildings.

For subdivision of land for residential development, the objectives and standards of Clause 56.

Dwellings, small second dwellings and residential buildings

For the construction and extension of one dwelling on a lot and a small second dwelling, the applicable objectives, standards and decision guidelines of Clause 54.

For the construction and extension of two or more dwellings on a lot, dwellings on common property and residential buildings, the objectives, standards and decision guidelines of Clause 55. This does not apply to an apartment development of five or more storeys, excluding a basement.

For the construction and extension of an apartment development of five or more storeys, excluding a basement, the objectives, standards and decisions guidelines of Clause 58.

Non-residential use and development

Whether the use or development is compatible with residential use.

Whether the use generally serves local community needs.

The scale and intensity of the use and development.

The design, height, setback and appearance of the proposed buildings and works.

The proposed landscaping.

The provision of car and bicycle parking and associated accessways.

Any proposed loading and refuse collection facilities.

The safety, efficiency and amenity effects of traffic to be generated by the proposal.

32.08-15

14/12/2023

VC253 Signs

Sign requirements are at Clause 52.05. This zone is in Category 3.

32.08-16

14/12/2023

VC253 Transitional provisions

The minimum garden area requirements of Clause 32.08-4 and the maximum building height and number of storeys requirements of Clause 32.08-9 introduced by Amendment VC110 do not apply to: Page 12 of 13

A planning permit application for the construction or extension of a dwelling or residential building lodged before the approval date of Amendment VC110.

Where a planning permit is not required for the construction or extension of a dwelling or residential building:

A building permit issued for the construction or extension of a dwelling or residential building before the approval date of Amendment VC110.

A building surveyor has been appointed to issue a building permit for the construction or extension of a dwelling or residential building before the approval date of Amendment VC110. A building permit must be issued within 12 months of the approval date of Amendment VC110.

A building surveyor is satisfied, and certifies in writing, that substantial progress was made on the design of the construction or extension of a dwelling or residential building before the approval date of Amendment VC110. A building permit must be issued within 12 months of the approval date of Amendment VC110.

The minimum garden area requirement of Clause 32.08-3 introduced by Amendment VC110 does not apply to a planning permit application to subdivide land for a dwelling or a residential building lodged before the approval date of Amendment VC110.

7.0

Plans

Plans showing

A

A

The following decision guidelines apply to an application for a permit under Clause 32.08, in addition to those specified in Clause 32.08 and elsewhere in the scheme which must be considered, as appropriate, by the responsible authority:

Whether the development provides an appropriate transition to built form on adjoining sites.

The robustness of proposed materials and finishes.

The impact of the shape and dimensions of the lot on the ability of the development to meet any requirements of this schedule.

The location and number of vehicle crossovers.

The impact of the development on nature strips and street trees.

The location, quantity and species of vegetation provided.

Expressions of Interest Form

Point

Complete

ADDRESS TO: CVA Property Consultants Attention: Daniel Philip Ian Angelico

POST or HAND DELIVER 18-20 Russell Street, Melbourne VIC 3000 E-MAIL daniel philip@cva.melbourne ian.angelico@cva.melbourne

Purchasing Entity

Entity/Individual:

Address:

Attention: ABN: Telephone: Email:

Proposed

Purchase

Expressions of Interest Process:

At

To

to submitting an offer.

1. Submitting Offers: Offers

Our point of view: we strongly encourage all interested parties to submit their best offer, as the vendor reserves the right to accept an initial offer or to deal exclusively with certain offers in a second round.

2. Review Process:

All offers will be compiled and presented to the vendor for their consideration after the closing of the EOI campaign.

Upon feedback, we will contact all parties promptly to communicate the vendors instructions relating to their offer.

In the event of a second round, we will request all offers to be provided on a contract of sale with a deposit to CVA for the vendor’s consideration.

CVA.MELBOURNE

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