Liverpool. Former golf course for sale

A former golf course in Liverpool, owned by property developer, Palerma, which bought the property for $700,000 in 1993, is being marketed as a mortgage-in-possession. Solicitors Mortgage Trust Fund expects the property to fetch up to $6 million. Eddie Parilo, of Palerma, hopes to take back the property by paying out loans, and turning it into the Cumberland Grove Sporting Recreation and Research Institute, according to The Australian Financial Review.