November 20, 2023 - National Retail Group

Opening auction bid leaves other buyers in dust

Category : Leasing Tips Medical Office Retail Showroom

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Chemist Warehouse associate Michael Spektor splashed out $10.93 million on a pharmacy in a pocket of Hawthorn resplendent with chemist shops.

Industry sources report Spektor was the winning bidder at last week’s auction of 736-740 Glenferrie Road, a double-storey shop within spitting distance of two Chemist Warehouse outlets – across the road at number 745 and next door – which are rented by the pharmacy chain.