Cou­ple takes on $80m es­tate

Sea change a ‘dream come true’ for McNeish fam­ily

Sunshine Coast Daily - - BETTER BUSINESS -

TROY and Jenni McNeish have taken over the reins of Sun­land Group’s 233-town­house lux­ury res­i­den­tial com­mu­nity The Pav­il­ions at Pere­gian Springs.

The hus­band and wife man­age­ment team re­cently re­lo­cated their fam­ily to the Sun­shine Coast from Ter­ri­gal on the New South Wales Cen­tral Coast, after ink­ing a deal with the master de­vel­oper to run the lux­ury es­tate, which was built for $80 mil­lion and launched in 2015.

@realty agent Kristine Lehmann, who spe­cialises in man­age­ment rights and off-the­p­lan deals, bro­kered the deal be­tween Sun­land Group and the McNeishs.

Troy and Jenni are no strangers to man­ag­ing large res­i­den­tial com­mu­ni­ties. For 14 years, they held man­age­ment rights to High Park Tower, a 21-storey high­rise with 220 apart­ments, 30 of­fices and five re­tail shops, lo­cated in the heart of Chatswood, New South Wales.

Mr McNeish said man­ag­ing The Pav­il­ions “ticked a lot of boxes”, so re­lo­cat­ing was one of the eas­i­est de­ci­sions they ever had to make.

He said the fam­ily vis­ited the Sun­shine Coast on hol­i­days and quickly re­alised it would be great to raise a fam­ily within the master-planned en­vi­ron­ment of Pere­gian Springs, 10 min­utes south of Noosa.

“Hav­ing a qual­ity prod­uct to lease or sell, es­pe­cially with a wow fac­tor like The Pav­il­ions, makes our job eas­ier,” said Mr McNeish, who lives on-site with Mrs McNeish and their three chil­dren in an ar­chi­tect­de­signed, split-level prop­erty.

“It has been a whirl­wind of an ex­pe­ri­ence pur­chas­ing this busi­ness, but one of the best de­ci­sions we have made. We have been very for­tu­nate to find this com­plex in this lo­ca­tion.

“When the mar­ket is tough we are in a strong po­si­tion to con­tinue to lease our prop­er­ties while oth­ers sit idle, as they are highly sought after.

“It is a new com­plex, in a great lo­ca­tion, built by a de­vel­oper that has a good rep­u­ta­tion, there­fore on­go­ing main­te­nance will be min­i­mal and the prop­er­ties will be at­trac­tive for prospec­tive pur­chasers.

“For a real es­tate agent, it is a dream come true.”

The com­plex, which is home to both ten­ants and owner-oc­cu­piers, was built by Sun­land Group over a five-year pe­riod in mul­ti­ple stages. The fi­nal stage was com­pleted in mid-2018, just prior to the de­vel­oper putting the man­age­ment rights on the mar­ket.

Ms Lehmann said the man­age­ment rights for The Pav­il­ions were on the mar­ket for about a month and there was in­ter­est from mul­ti­ple po­ten­tial buy­ers.

“The Pav­il­ions is a unique com­plex that boasts the Sun­land brand, stan­dard and qual­ity,” Ms Lehmann said.

“Aside from that the lo­ca­tion of the com­plex was ideal, it sits



di­rectly in front of the new Pere­gian Springs Shop­ping Cen­tre and be­side two ex­cel­lent schools.

“In ad­di­tion to these ben­e­fits, the com­plex res­i­dents have ac­cess to the re­sort-style fa­cil­i­ties of the Ridges com­mu­nity fa­cil­i­ties, which in­clude ten­nis courts, swim­ming pools, kids pool and play ar­eas and an ex­cep­tional gym­na­sium.

“When you com­bine all these fea­tures, you have a win­ner in ev­ery way.”

Pho­tos: Con­trib­uted

DREAM COME TRUE: Troy and Jenni McNeish are the new man­agers at The Pav­il­ions at Pere­gian Springs. IN­SET: The Pav­il­ions is a lux­ury, $80 mil­lion es­tate fea­tur­ing 233 town­houses.

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