The cause of a shed fire on Greta Road on Monday afternoon is set to be investigated after it was found engulfed in flames.

A Fire Rescue Victoria spokesperson said FRV and CFA firefighters responded to the Wangaratta blaze around 4:10pm to find an eight by 10 metre shed on fire and issuing smoke at the rear of a Greta Road premises.

The scene was deemed under control some 10 minutes later.

The FRV spokesperson said police were also called to the scene and the cause of the fire would be investigated.

An advice message was issued by FRV urging the community to monitor conditions as police directed traffic in the area from the scene.

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