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Stonebridge Property Group is pleased to present 120-124 Dryburgh Street, North Melbourne, offered for sale via Public On-site Auction.
120-124 Dryburgh Street, North Melbourne is a dual-fronted freehold warehouse/showroom perfect to occupy for an incoming business or add value.
The property benefits from clear development upside (STCA), holding income and flexibility to occupy, invest or reposition.
Key highlights of the property include:
• Existing improvements comprise a quality 355 sqm* building with both retail/warehouse capabilities including 4 m* clearance roller door, pedestrian access and loading bay
• Zoned Mixed-Use (MUZ) allowing for commercial, residential or a combined use (STCA), with potential uses: art gallery, dwelling, home-based business, museum, place of worship, place of assembly, office, and warehouse
• Strategic 355 sqm* landholding with dual street frontages providing scope for future value-add or smart three-level townhouse development (STCA)
• Expansive street presence with 14 m* of frontages to Dryburgh Street plus similar frontage to Little Dryburgh Street South at the rear, enabling significant retail activation or ability to split warehouse for two occupiers (STCA)
• Perfect for design agencies, tech groups, engineers, architects, builders, consultants, hospitality groups, dark kitchen, showroom, retail, man caves, or any other similar uses (STCA)
• Positioned on the edge of the CBD grid, just 1.1 km* from the globally recognised Queen Victoria Market (that attracts 10,000,000* + visitors annually)
• Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion* Queen Victoria Market upgrade expected to deliver 4,000* new jobs and 20,000* new residents1 - an exciting driver of retail trade for local businesses
• The City of Melbourne estimates the new Arden precinct revival will increase the area’s capacity to 15,000 residents and 34,000 jobs over the next 30 years2
• Highly central location with a short walk to Arden Station (450 m*), North Melbourne Station (600 m*), North Melbourne Recreation Centre (700 m*) and tram networks to the CBD (350 m*)
• Short-term holding income with a month-to-month lease allowing 30 days’ notice to access or keep the tenant in the warehouse for a potential 6 months+
120-124 Dryburgh Street, North Melbourne is for sale via Public On-site Auction Thursday 19th March 2026 at 1:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang
0411 625 068
如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）。
*Approximately
1 The Age
2 City of Melbourne
Property Code: 1572
Remember to mention you found this property on CommercialReady
Stonebridge Property Group is pleased to present 120-124 Dryburgh Street, North Melbourne, offered for sale via Public On-site Auction.
120-124 Dryburgh Street, North Melbourne is a dual-fronted freehold warehouse/showroom perfect to occupy for an incoming business or add value.
The property benefits from clear development upside (STCA), holding income and flexibility to occupy, invest or reposition.
Key highlights of the property include:
• Existing improvements comprise a quality 355 sqm* building with both retail/warehouse capabilities including 4 m* clearance roller door, pedestrian access and loading bay
• Zoned Mixed-Use (MUZ) allowing for commercial, residential or a combined use (STCA), with potential uses: art gallery, dwelling, home-based business, museum, place of worship, place of assembly, office, and warehouse
• Strategic 355 sqm* landholding with dual street frontages providing scope for future value-add or smart three-level townhouse development (STCA)
• Expansive street presence with 14 m* of frontages to Dryburgh Street plus similar frontage to Little Dryburgh Street South at the rear, enabling significant retail activation or ability to split warehouse for two occupiers (STCA)
• Perfect for design agencies, tech groups, engineers, architects, builders, consultants, hospitality groups, dark kitchen, showroom, retail, man caves, or any other similar uses (STCA)
• Positioned on the edge of the CBD grid, just 1.1 km* from the globally recognised Queen Victoria Market (that attracts 10,000,000* + visitors annually)
• Set to benefit from major surrounding infrastructure projects, notably the $1.7 billion* Queen Victoria Market upgrade expected to deliver 4,000* new jobs and 20,000* new residents1 - an exciting driver of retail trade for local businesses
• The City of Melbourne estimates the new Arden precinct revival will increase the area’s capacity to 15,000 residents and 34,000 jobs over the next 30 years2
• Highly central location with a short walk to Arden Station (450 m*), North Melbourne Station (600 m*), North Melbourne Recreation Centre (700 m*) and tram networks to the CBD (350 m*)
• Short-term holding income with a month-to-month lease allowing 30 days’ notice to access or keep the tenant in the warehouse for a potential 6 months+
120-124 Dryburgh Street, North Melbourne is for sale via Public On-site Auction Thursday 19th March 2026 at 1:00pm (AEDT). To obtain further information or to arrange an inspection, please contact the exclusive selling agents, Stonebridge Property Group.
Max Warren
0488 296 892
Dylan Kilner
0459 396 341
Chao Zhang
0411 625 068
如需任何中文咨询，请联系我们亚洲业务团队的Chao Zhang 张超，联系电话：0411 625 068，并可随时加他的微信（微信号：chaozeee）。
*Approximately
1 The Age
2 City of Melbourne
Property Code: 1572
Remember to mention you found this property on CommercialReady
120-124 Dryburgh Street, North Melbourne, VIC, 3051
Secure/no obligation
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Yield Calculator
Yield Calculator
Step 1
Loan Variables
Adjust the inputs to explore your indicative finance options.
Estimated Purchase Price:
What you intend to pay for the property
Your Contribution:
The amount you’re investing
Min: 0% - Max: 90% of purchase price.
LVR:
Loan to Value Ratio
Min: 10% - Max: 100% of purchase price.
Loan Analysis
Full report
Please see your Loan Analysis below. The report has been emailed to you, as well as DIG Capital Advisory and the Listing Agent to follow up if needed.
Loan Analysis
