All signs point to: Richmond
Richmond stands as one of Melbourne’s most dynamic inner-city suburbs, offering a strategic location just 3 km from the CBD with outstanding transport links and accessibility. It has evolved into a thriving commercial hub, home to renowned retail strips, offices, and hospitality venues that attract steady consumer traffic and diverse business activity. The suburb benefits from a highly skilled and multicultural workforce, supported by nearby universities and strong residential growth, ensuring both talent availability and a broad customer base. For investors, Richmond delivers consistent capital growth, solid rental yields, and long-term demand underpinned by limited supply and ongoing development. Coupled with its vibrant lifestyle, extensive amenities, and proximity to Melbourne’s sports and entertainment precinct, Richmond
offers a rare balance of connectivity, growth, and liveability—making it a prime choice for both business operators and investors alike.
And the point?
Richmond lies in its rare combination of location, demand, and growth. Its proximity to Melbourne’s CBD ensures constant accessibility and visibility, while the suburb’s thriving commercial scene and diverse workforce drive strong business activity. For investors, the area’s limited land supply, consistent capital growth, and solid rental yields make it a low-risk, high-return market. For businesses, Richmond offers not only a customerrich environment but also lifestyle and amenity advantages that attract and retain both clients and staff.
Private Sale by Closing Date Process
At CVA, we provide prospective purchasers full transparency, fairness, and respect during the Private Sale process. To make our point, we’ve defined and outlined the process below so you’re across it prior to submitting an offer.
1. Submitting Offers:
Offers are due no later than the date and time advertised for the Private Sale campaign. They must be submitted through this form with every section completed, signed and emailed to the relevant contact persons by campaign closure. Any offers submitted after this time will be deemed as non-compliant.
Our point of view: we recommend all interested parties 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. If you can do so, we strongly encourage submitting an offer signed on a Contract of Sale as this may influence the vendors feedback and/or decision.
2. Review Process:
All offers will be compiled and presented to the vendor for their consideration after the closing of the Private Sale 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 payable to the CVA Trust account, for the vendor’s consideration.
3. Contract and Settlement
Following the acceptance of an offer, a contract of sale will be prepared. At this stage, a deposit will typically be required to secure the property. The terms of the sale, including the settlement date, will then be finalised between the vendor and the successful buyer.
We are dedicated to maintaining clear communication and ensuring that all participants are fully informed throughout the private sale process by closing date. Our goal is to provide a seamless and respectful transaction for all parties involved.
For more information, contact
Tim Cooney
0468 860 737
tim.cooney@ cva.melbourne
Charlie Hicks
0420 643 202
charlie.hicks@ cva.melbourne
ShownontheplanningschememapasB3Z,B4ZorC2Z
Purpose
ToimplementtheMunicipalPlanningStrategyandthePlanningPolicyFramework
To encourage commercial areas for offices, appropriate manufacturing and industries, bulky goodsretailing,otherretailuses,andassociatedbusinessandcommercialservices
Toensurethatusesdonotaffectthesafetyandamenityofadjacent,moresensitiveuses.
Section 1 - Permit not required Use
Art and craft centre
Art gallery
Automated collection point
Cinema
Cinema based entertainment facility
Food and drink premises
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.
The site must adjoin, or have access to, a road in a Transport Zone 2 or a Transport Zone 3.
The site must adjoin, or have access to, a road in a Transport Zone 2 or a Transport Zone 3.
The leasable floor area must not exceed 100 square metres.
Must not be a purpose listed in the table to Clause 53.10 with no threshold 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 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 (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) Regulations2016.
Use Condition
Informal outdoor recreation
Mail centre
Museum
Office
Postal agency
Railway
Restricted retail premises
Shop (other thanAdult sex product shop, Restricted retail premises and Supermarket)
Supermarket
Must adjoin, or be on the same land as, a supermarket when the use commences.
The combined leasable floor area for all shops adjoining or on the same land as the supermarket must not exceed 500 square metres.
The site must adjoin, or have access to, 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 have access to, a road in a Transport Zone 2 or a Transport Zone 3.
Must be on land within the City of Greater Geelong or within an urban growth boundary in metropolitan Melbourne.
Trade supplies
Tramway
Warehouse (other than Mail centre)
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 Public Acquisition Overlay to be acquired for a hospital, an education centre or 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
Use
Any use listed in Clause 62.01
Condition
Require a licence under the Dangerous Goods (Explosives) Regulations2011
Require a licence under the Dangerous Goods (HCDG) Regulations2016.
Must meet the requirements of Clause 62.01.
Section 2 - Permit required
Use
Adult sex product shop
Agriculture (other thanAnimal production andApiculture)
Caretaker's house
Container deposit scheme centre
Education centre
Grazing animal production
Leisure and recreation (other than Informal outdoor recreation, Major sports and recreation facility and Motor racing track)
Materials recycling
Place of assembly (other thanArt gallery, Carnival, Cinema, Cinema based entertainment facility, Circus and Museum)
Residential hotel
Retail premises (other than Food and drink premises, Postal agency, Restricted retail premises, Supermarket and Trade supplies)
Supermarket – if the Section 1 conditions are not met
Condition
Must be at least 200 metres (measured by the shortest route reasonably accessible on foot) from a residential zone, 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.
The leasable floor area must not exceed 1800 square metres unless on land within the City of Greater Geelong or within an urban growth boundary in metropolitan Melbourne.
The site must adjoin, or have access to, a road in a Transport Zone 2 or aTransport Zone 3.
34 02-2
15/07/2013 VC100
Use
Transfer station (other than Automated collection point and Container deposit scheme centre )
Condition
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, 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.
34.02-3
31/07/2018 VC148
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 and Residential hotel)
Animal production (other than Grazing animal production)
Hospital
Major sports and recreation facility
Motor racing track
Use of land
Ausemustnotdetrimentallyaffecttheamenityoftheneighbourhood,includingthroughthe:
Transportofmaterials,goodsorcommoditiestoorfromtheland.
Appearanceofanybuilding,worksormaterials
Emission of noise, artificial light, vibration, smell, fumes, smoke, vapour, steam, soot, ash, dust,wastewater,wasteproducts,gritoroil
Subdivision
Apermitisrequiredtosubdivideland.
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 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.
Information requirements and decision guidelines
Clause 59.01
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.
59.02
Clause 59.02
34.02-4
01/12/2023 VC217
Buildings and works
Apermitisrequiredtoconstructabuildingorconstructorcarryoutworks. Thisdoesnotapplyto:
Theinstallationofanautomatictellermachine
Analterationtoanexistingbuildingfaçadeprovided:
– Thealterationdoesnotincludetheinstallationofanexternalrollershutter.
– Atleast80percentofthebuildingfacadeatgroundfloorlevelismaintainedasanentryor windowwithclearglazing
Anawningthatprojectsoveraroadifitisauthorisedbytherelevantpubliclandmanager
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 $500,000 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
59.04
Clause
Clause
34.02-5
14/01/2025 VC237
Maintenance
All buildings and works must be maintained in good order and appearance to the satisfaction of theresponsibleauthority.
Application requirements
Use
Anapplicationtouselandmustbeaccompaniedbythefollowinginformation,asappropriate:
Thepurposeoftheuseandthetypesofactivitieswhichwillbecarriedout.
The likely effects, if any, on adjoining land, including noise levels, traffic, the hours of delivery and despatch of goods or materials, hours of operation and light spill, solar access andglare
Themeansofmaintainingareasnotrequiredforimmediateuse
Ifanindustryorwarehouse:
– Thetypeandquantityofgoodstobestored,processedorproduced.
– Whether a Development Licence, Operating Licence, Permit or Registration is required fromtheEnvironmentProtectionAuthority
– 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 on adjoining land, including air-borne emissions and emissions to land andwater.
Building and works
An application to construct a building or construct or carry out works must be accompanied by thefollowinginformation,asappropriate:
Aplandrawntoscalewhichshows:
– Theboundariesanddimensionsofthesite.
– Adjoiningroads.
– Thelocation,heightandpurposeofbuildingsandworksonadjoiningland.
– Relevantgroundlevels
– Thelayoutofexistingandproposedbuildingsandworks
– Alldriveway,carparkingandloadingareas
– Proposedlandscapeareas.
– Allexternalstorageandwastetreatmentareas.
– Areasnotrequiredforimmediateuse.
Elevationdrawingstoscaleshowingthecolourandmaterialsofallbuildingsandworks
Constructiondetailsofalldrainageworks,driveways,vehicleparkingandloadingareas
Alandscape layout which includes the description of vegetation to be planted, the surfaces to be constructed, site works specification and method of preparing, draining, watering and maintainingthelandscapearea.
34.02-6
31/07/2018
VC148
Exemption from notice and review
An application to subdivide land or construct a building or construct or carry out works is exempt from the notice requirements of section 52(1)(a), (b) and (d), the decision requirements of section 64(1), (2) and (3) and the review rights of section 82(1) of the Act This exemption does not apply to land within 30 metres of land (not a road) which is in a residential zone, land used for a hospital or an education centre or land in a PublicAcquisition Overlay to be acquired forahospitaloraneducationcentre.
34.02-7
31/07/2018
VC148
Decision guidelines
General
Before deciding on an application, in addition to the decision guidelines in Clause 65, the responsibleauthoritymustconsider,asappropriate:
TheMunicipalPlanningStrategyandthePlanningPolicyFramework.
Theinterfacewithadjoiningzones,especiallytherelationshipwithresidentialareas.
Use
Theeffectthatexistingusesmayhaveontheproposeduse.
Thedrainageoftheland.
Theavailabilityofandconnectiontoservices.
Theeffectoftraffictobegeneratedonroads
Theinterimuseofthosepartsofthelandnotrequiredfortheproposeduse
If an industry or warehouse, 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 toanycommentsordirectionsofthereferralauthorities.
Subdivision
The effect the subdivision will have on the potential of the area to accommodate the uses whichwillmaintainorenhanceitscompetitivestrengths.
Anynaturalorculturalvaluesonorneartheland.
Streetscapecharacter
Landscapetreatment
Building and works
The movement of pedestrians and cyclists, and vehicles providing for supplies, waste removal,emergencyservicesandpublictransport
Theprovisionofcarparking
Thestreetscape,includingtheconservationofbuildings,thedesignofverandahs,accessfrom the street front, protecting active frontages to pedestrian areas, the treatment of the fronts and backs of buildings and their appurtenances, illumination of buildings or their immediate spacesandlandscapingoflandadjoiningaroad
Definingtheresponsibilityforthemaintenanceofbuildings,landscapingandpavedareas
Theavailabilityofandconnectiontoservices
Anynaturalorculturalvaluesonornearbytheland.
Outdoorstorage,lighting,andstormwaterdischarge.
Thedesignofbuildingstoprovideforsolaraccess.
SignrequirementsareatClause5205 ThiszoneisinCategory1
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
