A development consortium which retained a swag of apartments and townhouses built within the walls and around the garden of Portsea’s landmark Delgany estate, is selling down.
The distinctive limestone mansion on the non-beach side of Point Nepean Road was developed between 1922-1926 by architect Harold Desbrowe Annear as a holiday house for western district farmer Harold Armytage – who also owned South Yarra’s Como.
Delgany was converted into a high-end restaurant and hotel before being sold to developers for $10 million in 2003, which in turn built large residences (each of more than 250 square metres) within the historic home.
Townhouses and standalone dwellings were also developed around the 3.6 hectare grounds.
Kay & Burton Portsea selling agent Rob Curtain said he has sold three of the seven apartments within the recently offered portfolio.
Remaining is 11 Armytage Drive: a three-bedroom plus study 214 sqm apartment built into the castle walls, and asking $1.29 million.
At 18 Armytage Drive, one of the new apartments – a 176 square metre three bedroom unit with a large terrace is priced at $1.15 million.
A third larger apartment overlooking the Portsea Golf Course is seeking $1.6 million.
One of a handful of terraces put to the market – a 253 square metre double storey three bedroom with two decks at 20 Delgany Avenue – is also still available for sale, asking $1.4 million.