Squizzy Taylor's Carlton lockup sold for $3,641,000

The old Carlton police station at 334-344 Drummond Street has sold for $3,641,000.

The property ceased being an active station in 2010, having served the community for 130 years.

It is speculated that notorious 1920s gangster Squizzy Taylor was connected to the site making the occasional visit back in his heyday. Taylor is the subject of the upcoming Underbelly series on Channel 9.

Sitting on 992 square metres, the new of its two buildings is the 1890s six-cell bluestone jail designed by John Dow.

The symmetrical brick Victorian restrained Classical-Revival style building on the street was designed by Public Works Department architects William Steel and George Watson in 1878.

It was listed through Simon Shrimpton of Jellis Craig.

"This impressive heritage listed complex with bluestone cellblock and Pinkys Lane rear access was once character-filled from Squizzy Taylor to gangland identities, and now awaits transformation from underbelly to uber-stylish," he said.

Shrimpton says the purchaser is looking to renovate and rework the Drummond Street site.

Property Observer reported on the listing earlier this year where the price guide was reported around $3 million.