A decision was made to withdraw the property from auction. The apartment,the last major asset in Caddick’s estate to be sold,is now listed for sale.
“We’re disappointed at the delay but hopeful that the eventual outcome will be beneficial for Melissa Caddick’s defrauded investors,” said one of her victims.
Industry sources have estimated the price guide for the apartment as being between $5 million and $5.5 million.
“This exceptional penthouse is in an outstanding location in Edgecliff,NSW,and we remain confident of a favourable outcome,” Gleeson said in a press release.
The real estate agent handling the sale,Paul Kantor,from Richardson&Wrench in Double Bay,remained optimistic about selling the apartment which he said was “perfect for downsizers”.
Apart from three lock-up garages,a pool and gym,“if you run out of milk at 10 o’clock at night,there’s Coles on level four,” Kantor said.