Melissa Caddick’s Dover Heights house has offered for $9.8 million.
Bruce Gleeson from accountants Jones Partners, the receivers of Melissa Caddick say they think about the sale “a good outcome given the current market conditions.”
The fund obtained from the sale of the home will go towards repaying buyers who had been fleeced out of thousands and thousands of {dollars} by the lacking conwoman.
The settlement for the house efficiently came about on January 27 2023 after being offered on October 28 2022.
It was beforehand thought the house would promote for a value within the area of $10m.
The sale is part of efforts by Jones Partners to recuperate the $23 million she stole from buyers together with her household and buddies.
“We believe the sale price achieved is a strong result, given the current market conditions and will make a significant contribution towards the pool of funds available for Investors,” Mr Gleeson mentioned on the time of the sale.
“We are very pleased with the outcome of the sales campaign and the interest received from prospective purchasers.”
There was excessive curiosity within the house on account of Caddick’s notoriety, with a refundable $10,000 deposit wanted simply to enter the property for an inspection in a bid to discourage stickybeaks.
The house sits on 390sqm of land and boasts 4 bedrooms, a double storage, a pool and views of town skyline.
The receivers have additionally offered jewelry, artworks, and designer items earlier than Christmas 2022.
The jewelry and luxurious items pulled in round $806,000 at public sale in November whereas her work offered for a mixed $48,000.
An 18-carat white gold necklace with 13 black sapphires surrounded by diamonds by Stefano Canturi – known as “Stella” – offered for $130,000.
Ms Caddick bought the necklace for $307,000 in 2015.
Meanwhile her assortment of twelve purses offered for $35,000, nearly triple their estimated value.
“We have also received from Christian Dior Australia documents and funds they had been holding on behalf of Melissa Caddick,“ Mr Gleeson said.
Now Mr Gleeson‘s attention will be focused on the remaining property owned by Ms Caddick.
“Regarding the remaining items of Receivership Property, our efforts will be focused on the Edgecliff Property, and ultimately the distribution of the funds held by us to Out-of-Pocket Investors.”
“We will shortly be offering Investors with an replace on the Receivership and Liquidation typically and holding an Investor Meeting round late February 2023.“
Ms Caddick was final seen on the residence within the early hours of November 12, 2020, simply at some point after her house was raided by ASIC brokers and federal law enforcement officials.
Her foot washed up on a seaside on the NSW south coast in February 2021.
More to come back.
Source: www.perthnow.com.au
