Business trailblazer looks to offload ‘acreage in the sky’
BUSINESS trailblazer Cheryl Macnaught has put her Kangaroo Point penthouse with river and city views on the market for the first time in more than 15 years.
Ms Macnaught is best known for being one half of Whittaker Macnaught, the business she created with finance expert Noel Whittaker.
The Queensland-based business was started in 1982 and grew to become one of Australia’s largest independently-owned financial planning practices before it was sold in 2007.
“We ended up with few billion dollars under management for our clients and I put (our success) down to good business ethics and trust between Noel and myself,” Ms Macnaught said.
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The Brisbane businesswoman said she learnt customer relations and business sense from her mother before setting up and running a number of businesses in the 1970s while living in Dampier, WA.
Ms Macnaught met Mr Whittaker after attending one of his investment property seminars in Brisbane in 1981 and Whittaker Macnaught grew from a brokerage service offered at the real estate offices Mr Whittaker owned at the time.
“We realised a lot of the clients were asking for financial advice,” Ms Macnaught said.
“I ran the business like it was a household budget. We didn’t spend money we didn’t have and that was what we were preaching to our clients.”
Now, the financial planning doyen has decided the time is right to let go of her penthouse at 48/30 O’Connell St, Kangaroo Point.
“When I moved there, I’d come from living on five acres and when we shifted into Silver Quays my initial feeling was that I was living on acreage in the sky,” she said.
“I had complete freedom, complete open spaces and almost 300-degree views across the city and the river.”
Set across two levels, the home has an entertainer’s kitchen and open-plan living and dining areas flowing out to the wraparound balcony overlooking the river.
There is also a bar, powder room, laundry and bedroom with ensuite on this level.
Upstairs, the master bedroom has a walk-in wardrobe, powder room, ensuite and private balcony. The two remaining bedrooms have built-in wardrobes and balconies, and there is a family bathroom and powder room.
Ms Macnaught said her favourite spot was in the spa on the main balcony.
“I’d sit there at a night with a glass of wine after a long day at work and it was such a beautiful feeling to look down over the city lights,” she said.
Ms Macnaught said she would take a lot of “lovely, peaceful memories” from the property.
The businesswoman would often entertain at the penthouse and her annual Riverfire party was a hit with her friends and family.
“The (property) has a lovely family environment because it’s such a big, two-storey place,” she said.
The penthouse is in a complex with swimming pool and plenty of guest parking.
The property is being marketed by Simon Caulfield and Courtney Maguire of Place Kangaroo Point.
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