120-124 Dryburgh Street, North Melbourne, VIC, 3051

Stonebridge Property Group is pleased to present for sale 120–124 Dryburgh Street, North Melbourne - a dual-fronted freehold warehouse/showroom perfect for an incoming business or value-add investor.

The property offers clear development upside (STCA), holding income, and the flexibility to occupy, invest, or reposition from day one.

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 including 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)

• Ideal for design agencies, tech groups, engineers, architects, builders, consultants, hospitality groups, dark kitchen, showroom, or similar (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

• 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 the ability to retain the tenant

120-124 Dryburgh Street, North Melbourne is for sale via Public On-site Auction Friday 5th June 2026 at 12:30pm (AEST). 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

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