3-5 Wylies Lane, North Melbourne, Vic 3051

$900,000 - $990,000

Residential Land
Type
152 m²
Area

Published on Friday, July 24, 2026 ( See property details for 3-5 Wylies Lane, North Melbourne, Vic 3051)

$900,000 - $990,000

  • AI-generated summary for guidance only. We can’t guarantee accuracy -please verify all details independently before deciding.

A versatile and historic warehouse in North Melbourne offering exceptional redevelopment potential and prime city-fringe living or investment opportunities.

🏡 Property Highlights

  • Unique city-fringe warehouse with rich creative heritage
  • Flexible Mixed Use Zone with redevelopment potential (STCA)
  • Located just off Arden Street in a quiet laneway
  • Close to Errol Street Village retail and dining precinct
  • Within walking distance to Melbourne's Hospital Precinct and University
  • Includes two on-site car spaces

✨ Key Features

  • Built in robes
  • Open-Plan Living
  • Waterfront / Views
  • Garage / Secure Parking
  • Outdoor Area / Balcony
  • Floorboards
  • Workshop
  • Security Screens / Gates
  • NBN / High-Speed Ready
  • Extra Storage (Shed/Linen)

North Melbourne is a vibrant inner-city suburb renowned for its rich industrial heritage, eclectic character, and thriving retail scene. Its proximity to Melbourne’s CBD makes it ideal for professionals and creatives alike. The area offers excellent transport links, including nearby Arden Station, and is close to major health and educational institutions. With a mix of historic warehouses and modern developments, North Melbourne provides a dynamic lifestyle and promising investment prospects.

What are the potential uses for this warehouse property?
The property offers flexible potential including residential conversion, subdivision, or redevelopment (STCA), making it suitable for investors, developers, or creative entrepreneurs.
Is there parking available on-site?
Yes, the property includes two on-site car spaces for convenience.
What is the zoning for this property?
The property is zoned as Mixed Use, allowing for a variety of future uses and development opportunities.
What is the size of the land and building?
The land area is approximately 152 sqm, with a gross building area of about 117 sqm.
How accessible is the location?
The property is within walking distance to Arden Station, Melbourne University, Royal Park, and the Hospital Precinct, offering excellent connectivity.
Are there any existing planning restrictions or easements that could affect redevelopment plans? What are the potential costs associated with converting or renovating the warehouse? Are there any known structural issues or defects with the building? Is the property compliant with current building codes and safety standards? Are there any upcoming zoning changes or local development plans that could impact the property? What are the strata or body corporate arrangements, if applicable? Is there any history of flooding or bushfire risk in this area? Are there any nearby construction or development projects that could cause noise or disruption? What are the ongoing maintenance costs for the property? Are there any restrictions on the types of businesses or residences that can operate on this site?

3-5 Wylies Lane, North Melbourne, Vic 3051 - More Details

$900,000 - $990,000

Tucked away just off Arden Street in a quiet laneway, this unassuming high-clearance brick warehouse offers a rare opportunity to secure a truly unique city-fringe property. Until recently, the building served as the studio of Erwin Fabian, one of Australia's most celebrated sculptors, adding a rich layer of creative heritage to its industrial character. The warehouse features front folding-door access, separate pedestrian entry, a solid concrete floor, and a timber mezzanine level. Positioned within a flexible Mixed Use Zone, the property presents outstanding potential for a variety of future uses, including residential conversion, subdivision, or redevelopment (STCA).

Key Details:

Land Area: 152 sqm (approx.)
Gross Building Area: 117 sqm (approx.)
Zoning: Mixed Use
Parking: Two (2) on-site car spaces
Excellent potential for residential conversion
Offered with vacant possession

Ideally located just metres from the vibrant Errol Street Village retail and dining precinct, the property is within easy walking distance of Melbourne's renowned Hospital Precinct, Royal Park, Arden Station, North Melbourne Recreation Centre, and Melbourne University. Inner city, character-filled warehouses of this size and versatility are becoming increasingly difficult to find. Whether you're an owner-occupier, investor, developer, or creative entrepreneur, this is an opportunity not to be missed. Inspection by appointment only.
Type
Residential Land
Area
152 m²

Price guide

View Statement Of Information

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Auctions

  • 3-5 Wylies Lane, North Melbourne, Vic 3051

    Thursday 27 August
    1:00 pm
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