Melissa Caddick: Missing fraudster's Dover Heights mansion on sale for $15 million

Melissa Caddick: Missing fraudster’s Dover Heights mansion on sale for $15 million

Stickybeaks hoping to walk through Melissa Caddick’s $15m mansion will be left disappointed, with a $10,000 refundable deposit or a buyers agent required to just get in the door.

The five-bedroom, multimillion dollar Dover Heights mansion belonging to the missing woman has been listed for sale as liquidators seek to pay back her stolen millions.

The huge interest in the fraudster’s home meant real estate agency Sotheby’s needed a deterrent to ensure only buyers with genuine interest are allowed to inspect the property.

Those interested in inspecting the Dover Heights property will have until October 31 to put in an expression of interest for a private appointment.

Caddick, 49, has not been seen since she left the home without her phone, wallet or keys on November 12, 2020.

She disappeared just hours after the Australian Federal Police and Australian Securities and Investments Commission raided the 5 Wallangra Road home.

The corporate watchdog says Ms Caddick misappropriated investor money to fund her lavish lifestyle, with investigators seizing luxury items including jewellery, watches, designer clothing and shoes.

She was declared dead four months after her disappearance in February 2021 when a decaying foot was found on a beach 400km south of Sydney.

The Federal Court ruled in May Ms Caddick’s husband Anthony Koletti was to vacate the Dover Heights property within two weeks so receivers could appoint a seller and prepare it for sale.

It was announced by Jones Partners in July that Sydney Sotheby’s Michael Pallier was appointed to sell the home.

After months of cleaning and styling the property, which has uninterrupted and expansive views of Sydney’s harbor and skyline, it was finally put on the market on Monday.

The home boasts a double garage, self-contained level, pool, chef’s kitchen, roof terrace and an abundance of natural light.

“Featuring a functional and versatile floorplan, the home enjoys an open plan living and dining room flowing seamlessly to an expansive terrace with world-class harbor views, gourmet chef’s kitchen featuring an impressive island bench leading onto a spacious family room,” the online listing says.

“The home extends to a spacious rooftop terrace, an entertainer’s delight featuring views across the harbour.”

There are five bedrooms, with the main suite equipped with a luxury ensuite, walk-in-wardrobe and panoramic harbor bridge views.

Three bedrooms are located on one level, with two guest bedrooms on the lower level, which boasts a rumpus room and kitchenette.

“Additional attributes include internal laundry, guest powder room, home study, Savant and security system, wine cellar, storage room and internal entry from double lock up garage,” the listing says.

Bruce Gleeson from Jones Partners, the receivers of Maliver Pty Ltd, said the home is a major asset of the Receivership Property which will help return money to investors who fell victim to her ponzi scheme.

“Since obtaining vacant possession in late May 2022 and receiving orders enabling us to proceed with a sale, we have undertaken certain maintenance and minor improvements to amplify the property’s luxurious appeal,” Mr Gleeson said.

“The home is positioned in an elevated part of one of Dover Heights’ most sought-after streets and we are extremely pleased to be able to offer this prestigious property for sale during spring.”

Mr Gleeson said the sale will be conducted through expressions of interest, which will close at the end of October.

If required, a private auction will take place.

“We are also well advanced and close to finalizing an application to the Federal Court which will seek sale orders regarding the designer jewelry, clothing and artworks,” Mr Gleeson said.

“It is our intention to have an Investor briefing to provide a detailed update on the Receivership and Liquidation status in late October 2022”.

Ms Caddick bought the mansion in April 2020 for $6.2m, but it is now expected to command around $15m when it goes to market.

An inquest into her disappearance is ongoing in the NSW Coroner’s Court and is due to resume on Monday.

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