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Fraudster Melissa Caddick’s Dover Heights home sold as liquidators scramble to recover $23 million stolen

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The Dover Heights home of missing woman Melissa Caddick has been sold for an undisclosed amount as liquidators try to recover the funds she took from investors.

“Following a successful expression of interest campaign, we can confirm that the receivers have accepted an offer to sell the Dover Heights property,” said Jones Partners managing director of liquidators Bruce Gleeson.

Camera iconThe liquidators hoped to sell the property for $10 million. Gaye Gerard/NCA NewsWire credit: News Corp Australia
Melissa Caddick, MD and financial planner, at home in Paddington.  photo by Andy Baker.
Camera iconCaddick was last seen in November 2020 after her property was raided by ASIC investigators. Andy Baker credit: News Corp Australia

The house sold three days before expressions of interest were due to close for the five-bedroom home on Wallangra Rd.

“The contracts were exchanged this afternoon with a settlement period of 12 weeks,” Mr Gleeson said.

Mr Gleeson said the value of the Dover Heights property would not be disclosed “until a settlement takes place”, but the liquidators were understood to have hoped to get $10 million for the house.

Although a walk on Caddick
Camera iconThe house has a swimming pool and a double garage. NCA NewsWire / Monique Harmer credit: News Corp Australia
Although a walk on Caddick
Camera iconLocated in Dover Heights, the hotel is in a highly sought after neighborhood. NCA NewsWire / Monique Harmer credit: News Corp Australia

“We believe the sale price achieved is a strong result given the current market conditions and will add significantly to the pool of funds available to investors,” he said.

“We are very pleased with the results of the sales campaign and the interest shown by potential buyers.

“We are also continuing our efforts to progress the implementation of other properties of competition control, such as jewelery and designer goods, and will provide further information on such aspects very soon.”

Although a walk on Caddick
Camera iconThose interested in the property had to put down a $10,000 deposit just to get in the door. NCA NewsWire / Monique Harmer credit: News Corp Australia
Although a walk on Caddick
Camera iconThe five-bedroom, four-bathroom home is 390 square meters. NCA NewsWire / Monique Harmer credit: News Corp Australia

Because of Caddick’s notoriety, the house attracted a lot of interest, with a $10,000 refundable deposit required just to enter the property for inspection in an attempt to keep the sticky beaks at bay.

The house sits on 390 square meters of land and has four bedrooms, a double garage, a swimming pool and views of the city skyline.

Caddick was last seen at the residence on the morning of November 12, 2020, just a day after her home was raided by ASIC agents and Federal Police officers.

Liquidators are trying to recover more than $23 million that Caddick misappropriated from clients, who included family and friends, between 2012 and 2019.

https://www.perthnow.com.au/news/melissa-caddicks-dover-heights-home-sold-c-8688554

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