Vista St Car Park MosmansStonnington Council issues last ditch heritage protection, wiping estimated 2m off houses value. A multimillion dollar property has passed in at auction without a single bid after an eleventh hour council heritage protection. Issued just 4. 8 hours before the auction, the draft heritage citation turned all prospective buyers away. Industry sources say a heritage order could wipe as much as 2 million off the value of the house, set on a huge allotment in Melbournes leafy east. The 1. St Georges Road was demolished in 2. Photo Supplied. Fairfax Media has chosen not to publish the propertys address amid ongoing discussions about its future sale. The Stonnington Council letter, dated earlier this week, informed the vendors their property had been identified as having significance and warranting heritage protection because the architecture was influenced by the work of Walter Burley Griffin. This house is one of series of important designs by architect J F W Ballantyne, who played a key role in disseminating Griffins ideas, the letter said. Bulldozers razed 1. California%20Adventure/images/buena_vista_street1.jpg' alt='Vista St Car Park Mosmann' title='Vista St Car Park Mosmann' />St Georges Road in 2. Photo Eddie Jim. The owners are understood to be shocked and distraught. A source close to the vendors said the letter had come completely out of the blue. Buyers advocate Mal James, who had planned to bid on the property on behalf of a client, said buyers were only interested in building a new house on the site. He said the situation was diabolical. This is totally wrong, he said. Ive bought over 1. Ive never seen anything like this. The mansion at 9 1. GFexjAF4pA_2486fb044922357d016dea50ae806fe1.jpg' alt='Vista St Car Park Mosman' title='Vista St Car Park Mosman' />Edward Street, Kew was bulldozed after a last ditch bid for heritage protection was knocked back. Wcf Serialize Flags Enum more. Photo SuppliedTo be cherry picking one off homes and then telling them two days before an auction  with no previous warning  that their home is going to have a heritage overlay that will destroy the auction, he said. Mr James said the council had not raised any issues about the property when contacted a week before the auction for due diligence purposes. In a statement, the councils chief executive Warren Roberts said The City of Stonnington works hard to balance a wide range of interests including the need to support and guide development at the same time as protecting heritage and neighbourhood character. This rundown Toorak house sold for more than 5. Photo RT Edgar. It is the latest property to become ensnared in the controversy surrounding heritage protection in Melbournes wealthy inner east. Domain News Provides the latest real estate and property market news in Australia. Our Car Mobile Locksmith Service Areas. Having trouble with the locks on your car Are you looking for an emergency automotive locksmith service near youVista St Car Park Mosman CouncilA string of high profile mansion demolitions have made headlines recently, with pressure mounting on local councils and the state government to introduce tougher heritage regulations. Since 2. 01. 5, Stonnington Council has tried to prevent a repeat of the controversial demolition of an iconic Toorak that was bulldozed after a failed heritage protection bid. The iconic estate at 1. St Georges Road was, to the dismay of local residents, torn down by the buyer after she paid 1. But heritage protection can adversely impact a propertys value, particularly when buyers are only interested in the land. Vista St Car Park Mosman' title='Vista St Car Park Mosman' />Earlier this year, a rundown Toorak house sold for less than what the vendors had paid for it after Stonnington Council slapped a heritage overlay on the house. The six bedroom house at 1. Kooyong Road was bought for 6. The state government has previously been urged to take a city wide approach to heritage protection. IMS PressDisplay bietet aktuelle Zeitungsausgaben von der ganzen Welt in Orginalformat. Jetzt knnen Sie digitale Zeitungsrepliken auf Ihrem Tablet PC oder Desktop.