Inner West Council error cost developer $800,000
A property owner in Sydney is facing significant financial losses after an error by the Inner West Council led him to purchase a historic substation that was incorrectly listed as free from heritage constraints. The council's subsequent correction has halted his development plans, costing him thousands in monthly holding fees.
Why it matters
Highlights the risks of relying on government planning certificates and the potential for administrative errors to cause severe financial hardship for property developers.
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Share A A A An inner west property owner says an error by his local council has left him facing financial ruin after he purchased a historic Newtown electricity substation that was incorrectly listed in official planning documents as free from heritage constraints.
When Peter Mitrevski bought the decommissioned 1931 brick substation on Probert Street in July last year, he believed he had found a rare foothold in Sydney’s property market and an opportunity to convert the site into two homes, living in one and selling the other.
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