November 25, 2025 - National Retail Group

South Melbourne’s rare island property sold

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The off-market purchase of the 466 square metre site at 75-85 York Street was successfully negotiated by Ted Dwyer from RWC MC on behalf of Terraplex for $4 million.

The rare island site was purchased by National Retail Group’s Michael Spektor on behalf of a private family office client.

The Commercial 2 zoned site occupies one of the last true island sites in South Melbourne, metres from Clarendon Street and with renowned neighbours such as Coles and ST. ALi Café. The existing building, leased to Factory Sound for over 30 years offers high-quality showroom and warehouse space with multiple access points.

Read Full Article From Ray White