3A Buckhurst Ave, Point Piper sold for $37m in December, down from the $60m price hopes of two years before.
A Chemist Warehouse exec who started as an intern in 2005 has been revealed as the buyer of a luxurious Point Piper waterfront that sold for a whopping $23m discount.
The modern two-storey four-bedroom home at 3A Buckhurst Ave facing Seven Shillings Beach in Sydney’s Eastern Suburbs had sold in December for $37m, News Corp reported in December, down from the $60m price hopes of two years earlier.
And now updated property records confirm the $37m price and reveal the purchaser was the pharmacy giant’s boss of its China division, Nancy Jian.
Her neighbours in Point Piper include Atlassian co-founder Mike Cannon-Brookes and the prominent hedge fund operative and property investor Will Vicars.
She already owns a $15m home in Rose Bay, bought two years ago, so her property portfolio now totals $52m.
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Nancy Jian in 2019, soon after her promotion to lead the pharmacy giant’s China division of 10 stores.
The incredible residence is right on Seven Shillings Beach and has spectacular views.
Her latest savvy buy came in the wake of Chemist Warehouse’s merger with Signa Healthcare last February to create a $34bn company.
And it followed a range of other luxury property purchases by Chemist Warehouse execs who became millionaire’s overnight, mostly in Melbourne.
Though in Sydney, co-founder Mario Verrocchi spent $23m on a Bondi Beach penthouse; chief operating officer Mario Tascone snapped up a sub-penthouse in the same block for $21.5m and managing director Tony Bassaly and his wife Angela bought a Bronte beachfront for $22.65m.
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The former owners had bought an old home on the 961 sqm beachfront block in Buckhurst Ave for $10.15m in 2011 and rebuilt.
The modern home has four bedrooms.
Jian’s career started at Chemist Warehouse in Dandenong, Melbourne, as an intern pharmacist; she moved to Sydney to become a managing partner in 2009 and was promoted to lead the China division of 10 stores in 2018.
The Point Piper vendor was former rugby league player Bill Roney, who played for Eastern Suburbs and Parramatta in the 1950s and 1960s and later became a surgeon, and his wife Sara.
They’d first listed the waterfront in 2023, following their $21.75m purchase off the plan via Brad Caldwell-Eyles of 1st City in the soon-to-settle new landmark Luigi Rosselli-designed Ode development in Double Bay.
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Nancy Jian, right, with Chemist Warehouse co-founder Mario Verrocchi, who spent $23m on a Bondi Beach penthouse.
It was a huge price for the apartment, equating to a whopping $96,000 per sqm.
In Point Piper, the Roneys had bought an old home on the 961 sqm beachfront block in Buckhurst Ave for $10.15m in 2011 and rebuilt.
The two-storey ultra-modern mansion, to a design by Jamie Grounds of Jamisa Architects, was completed the following year with views of the Harbour Bridge.
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