Permanent residents of Peninsula Eco Villas and Beach Huts were told last Thursday the manufactured homes park in Capel Sound, Morning Peninsula, was closing next month after the owner RC 1 was declared insolvent in March.
The 28 villa owners were told in early April that they would soon receive an offer for their dwellings, for which they paid $350,000.
Peninsula Eco Villas and Beach Huts was launched in 2017 after property owner RC 1 obtained permits to upgrade the caravan park site and add modern, eco-friendly, one- and two-bedroom beach villas and huts.
Innis Cull for receivers Pitcher Partners told Mornington Peninsula Leader: (RC 1) has no funds to complete or maintain the park or to make the park compliant in accordance with fire…
Read the full article at: https://www.theweeklysource.com.au/peninsula-eco-villas-and-beach-huts-in-vic-to-close-after-owner-rc-1-declared-insolvent/