Melissa Caddick's Dover Heights mansion to be sold

The liquidators in charge of recovering money on behalf of Melissa Caddick's victims are hoping to sell the house in the coming weeks.

Principal of Sydney Sotheby's International Realty Michael Pallier has been picked by Jones Partners to sell Melissa Caddick's multimillion-dollar Dover Heights mansion.

The house was purchased by Caddick in 2014 for $6.2 million. It's reportedly expected to sell for more than $10 million.

Principal of Jones Partners Bruce Gleeson says: "Following a very extensive and detailed real estate agent selection process, we have today signed an Agency Agreement with Sotheby's (Michael Pallier) to bring the Dover Heights Property to market."

He added that the group is actively working towards having the property ready for sale "in the vicinity of five to six weeks".

"The Dover Heights Property represents a significant part of the Receivership Property of Melissa Caddick and there continues to be very strong interest in this property," Gleeson says.

He said updates regarding the sale and the realisation of assets will be provided towards the end of July 2022.

This follows Federal Court orders in June, enabling Jones Partners as receivers to continue moving forward with bringing the house to market.

As a result, Caddick's husband Anthony Kolletti was forced to vacate the property. He had made a claim against the house as well as numerous other assets.

In all, Caddick defrauded investors out of $23 million.

The matter will be back in court on July 25, 2022.

This article first appeared on Financial Standard

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