VIC Living in an Industrial Zone?

Have been considering a few listings in Industrial Zones as a PPOR. One I am looking at is in an Industrial Zone 1 area in Coburg North, Victoria. It is listed as a residential building with 3 bedrooms.

I am getting a bit confused and finding conflicting/dated information on what the pitfalls and legal details on living in an industrial zone.

Some that spring to mind:

• Check the neighbouring blocks are not noisy nightshift manufacturing plants.
• Lack of community
• Potential hoon hotspot at nighttime (look for burnout marks)
• Potential rezoning in the future (good or bad)

Particularly interested in hearing from anyone that lives in/near an industrial area.

 

Is it a permitted use?

Finance may be difficult.

 

I think so - listing on realestate.com.au (also on the commercial site)

 

I'd be spending another $500-600k to build a factory on it - wouldn't stuff around trying to live there.

The Industry 1 zoning allows a caretaker's flat not housing and it doesn't loom like the industry in that area is likely to change for another 20+ years.

 

So someone who is not running a business on site or a 'caretaker' could not reside in this house?

 

Any clear guidance on living in Industrial Zones? I cant spot anything in the CoS. And I keep finding conflicting and dated information on the web