Trophy homes around the nation: Portsea clifftop property

Pharmaceutical entrepreneur Jeremy Cutts and wife Robin have bought on the Portsea clifftop.

Sentosa on the Hobart waterfront.

Pharmaceutical entrepreneur Jeremy Cutts and wife Robin have bought on the Portsea clifftop. The property was offered for the first time in
35 years, having last sold in 1982 to the Lansell family for $400,000. The eight-bedroom home near the tip of Point Nepean Road overlooks the bay from a 1685sq m holding with a tennis court and boat mooring. The couple already owns at Portsea, inland some 2km away. The cocktail party tattle on the acquisition has been growing louder ever since Abercromby’s agent Tim Derham sold the home 10 days before Christmas. In September Cutts oversaw the $90 million sale of Australian Pharmaceutical Manufacturers, which he established in 2002. Cutts joins former Swisse Vitamins owner Stephen Ring on the pricey end of the peninsula as Ring paid $7.58m last year after his company sold for $1.67 billion. The reputed $10m-plus Cutts purchase bettered the priciest sale at Sydney’s Palm Beach over summer, when restaurant entrepreneur John Szangolies bought in Iluka Road for $9.2m. Szangolies pocketed nearly $200m in 2015 when he sold his Urban Purveyor Property private equity outfit to Quadrant.

Turnbulls in quick Sentosa sale

Sentosa, a 100-year-old Hobart waterfront property, has been snappily sold having come with $6.5m hopes through Knight Frank agent Mathew Chugg. It was sold by Wendy and Barry Turnbull who paid $815,000 for the home in 1993. The 1917 home sits amid 2309sq m of
Paul Bangay-designed gardens on Blinking Billy Point in Sandy Bay. The grounds meander down to the water with a lawn overlooking Long Beach. The home spanning 693sq m has five bedrooms, including two on the fully self-contained first floor that also comprises a lounge, kitchen and bathroom. There’s an indoor pool, and the ground floor features a grand dining room and staircase.

Gaines from east to west

Kevin Manuel and Elizabeth Gaines, the new CFO at Andrew “Twiggy” Forrest’s Fortsecue Metals, are ready to settle in Perth. The confirmation comes after the couple listed their Sydney northern beaches base. It was the gated community home built by model and Myer ambassador Jennifer Hawkins and builder husband Jake Wall at North Curl Curl. Gaines and Manuel have spent $3.57m on a luxury apartment near Cottesloe beach. The apartment in the block of four was designed by the award-winning architect Blane Brackenridge and comes with interiors from New York designers Al Martinez and Greg Wright.

Carricks list award winner

Victorian horse racing owner/breeder Peter Carrick and wife Trish have listed their award-winning Noosa riverfront through Adrian Reed at Dowling & Neylan Real Estate. The contemporary house by Chris Clout cost them $3.45m in 2010. They bought it from Chris’s parents Peter and Janet Clout, who paid $345,000 for the 779sq m waterfront parcel before commissioning their son to design the home with a relaxing holiday vibe.

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