The neo-gothic residence ‘Bishopscourt’ in Darling Point has been sold.
‘Bishopscourt’ (formerly Greenoaks) was built in the mid 1840s by prominent colonial businessman Thomas Sutcliffe Mort. It was not the original Archiepiscopal residence, but has housed Archbishops of Sydney since 1911.
A sale was first discussed as early as 1982. In 2012 the Synod of the Diocese voted to approve a sale, giving the Anglican Property Trust authorisation for a five year ‘sale window’.
The building has been on the market for more than two years and negotiations concluded this week for a sale price of $18 million dollars.
The buyer has requested anonymity, but it is known he is intending to live at Bishopscourt and refurbish the property and gardens to their former glory.
The house is listed on the Register of the National Estate and governed by strict heritage guidelines.
"The building is a part of the early history of Sydney and for the last century has served the church well.” said the chairman of the Property Trust, Dr Robert Tong. “However, several million dollars would be required in the near future for renovations and as the agreed price is at the upper end of valuations, the Trust acted prudently to conclude a sale.”
“Part of the sale proceeds will be used for the purchase of a new residence and the balance will be placed into a capital preserved fund." Dr Tong said.