Edelsten

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The former Melbourne penthouse apartment abodes of Geoffrey Edelsten on Exhibition Street, were sold by National Australia Bank, Mr Edelsten's mortgagee at weekend auction.
The three bedroom penthouse at <a href="https://www.realestate.com.au/property-apartment-vic-melbourne-119556667" target="_blank">1803/181 Exhibition Street</a> sold for $1,607,000.
The one-bedroom pad 1804/181 Exhibition was passed in for $1,301,000 but sold later by negotiation through selling agent Don Gallichio of Galldon Real Estate.
Byrnne Gordon has caveats placed on the penthouses, after the break-down of their high-profile, four-year marriage in 2009.
They each cost $1.375 million in 2006 and 2007.
Edelsten made his first fortune in 1984 when he opened a pioneering 24-hour medical clinic in Sydney.
Title Tattle has been writing about his properties since 1986 when Formentor, in then semi-rural Dural, went to auction with $1.5 million hopes.
Formentor, a breathtaking Spanish villa built by retired stockbroker Michael McAlister, was once owned by the Bill and Imelda Roche, who financed Geoffrey Edelsten into his $960,000 purchase of the Old Northern Road property in 1980 with a $885,000 mortgage. Edelsten later sold it to John Barcham for $1.25 million in early 1987.
By mid-1987 his Broadway clinic's grand piano and brass plate out front had gone.
But Geoffrey Edelsten and his then wife Leanne had by then found the security and seclusion of a leased penthouse at the Quay, Circular Quay complex.
The circus changes town, but the performances are pretty consistent.
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Edelsten

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