Seven Network commercial director Bruce McWilliam has sold his Point Piper waterfront investment property for about $33m after less than three weeks on the market.
The five-bedroom, five bathroom residence with two-car garage and infinity pool at 42A Wolseley Road was one of McWilliam’s many investment properties, purchased for $10.65m in 2013.
It was listed with McWilliam’s friend, Brad Pillinger of Pillinger — who just days before its February 12 listing, had promptly sold another of his investment properties — a Spanish Mission home in Victoria Bellevue Hill, for way above its $8.5m price guide.
The guide for the waterfront had been $32m-$35m. Independent sources said they believed it had sold for about $33m.
It was on realestate.com.au for just six days. It’s known that buyers were looking at the property at the weekend.
In 2013, McWilliam had bought the mansion for half price the original asking price after a $20m sale four years earlier to finance broker Adam Tilley fell through.
The property had been at the centre of a loan row between Tilley and convicted murderer Ron Medich. The businessman Michael McGurk, later murdered, had firebombed the entrance.
But just recently, the four-level residence has been dramatically transformed into a “waterfront masterpiece” by the acclaimed design firm Blainey North + Associates.
There are even steps leading down to a sandy beach.
At the time of the listing Pillinger told the Wentworth Courier: “42A Wolseley is a Point Piper waterfront with direct Bridge views seeking $32-$35m.
“That won’t happen again as pricing, particularly at the upper echelon level, will continue to grow.”
The due-west north-facing property captures uninterrupted harbour, Bridge and city skyline views.
The living areas open to wide colonnaded terraces.
Thanks to its lavish renovation, there’s now an internal lift and a host of beautiful finishes.
It comes with a whole-floor master suite, sophisticated marble kitchen, expansive living and dining areas, a family room and a large rumpus room.
To top it all off, there are also poolside decks around the infinity pool and a lawn facing the waterfront where you can enjoy the tremendous views.
In a recent exclusive interview with the Courier regarding the listing of his Victoria Road investment property, McWilliam said: “Sometimes you have to refresh the portfolio.”
McWilliam and wife Nicky reside in a six-bedroom Edwardian waterfront mansion in Wunulla Road — bought for $29.5m in 2014.
Separate sources estimate McWilliam owns about $200m worth of residential and commercial property.
The Edwardian mansion has its own 30-metre long private beach and a harbourside lap pool.
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