The New Year's Eve plans of more than 1500 revellers have been thrown into disarray, after liquor licensing authorities shut down an illegal dance party due to be held in a Port Melbourne warehouse.

Promotion company Evolution Events sold the tickets at $120 per head, but would only reveal the location of the venue by SMS message just days before the party.

Organisers are believed to be scrambling to find another venue.

A website promoting the event claimed it would revive the "old renowned days of the warehouse parties".

"A time where the scene flourished underground, untouched by the public and unnoticed by those who weren't invited. Keeping aligned with the old 'warehouse days' theme, the venue details will be sent out via text message on the days leading up to the event to those who purchase a ticket," the promoters claimed on their website.