The Rich Lister has told the Supreme Court the vendors failed to disclose earthworks that have altered the surface level of his land.
Rich Lister Robin Khuda bought two lots in Portseaat auction in June 2021 for $9.29 million
The Tintagel Farm site originally came to market in 2016 with hopes for a $25m price, but failed to sell. The case revolves around when the vendors knew that the civil earthworks – carried out after the auction – had altered the natural surface level of the two lots Mr Khuda acquired and how quickly they informed the buyer.Court documents show Mr Khuda accuses the vendor of failing to meet disclosure requirements of Victoria’s Sale of Land Act.
The argument, limited to the sale of off-the-plan contracts, tests the interpretation of vendor disclosure around changes in the surface level of a site and could set a precedent – if accepted – that increases the risk for vendors of having a sale terminated if they don’t fulfil those obligations.
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