Bruce McWilliam snaps up another piece of Point Piper waterfront

By
Lucy Macken
March 9, 2018

Trophy home collector Bruce McWilliam just can’t let a good piece of Point Piper waterfront pass him by.

Take the four-bedroom apartment on Wolseley Road that was, until recently, owned by Susan Ghaemi and Macquarie University’s professor of management Masud Behnia.

Set in a block of three on the waterfront with a pool and slipway on a lease, it is a neighbour to the mansion of Aussie John Symond, and just down the road from the beachfront residence that McWilliam calls home.

1/56-58 Wolseley Road, Point Piper, New South Wales.
McWilliam has added this two-storey apartment to his impressive property collection. Photo: Supplied

Di Jones’ Jane Schumann wouldn’t reveal the sale price, but listed with initial $8.4 million hopes before the guide was revised to $7.5 million before it sold to the Seven commercial director.

Settlement will reveal if it matched the $7.5 million paid for the smaller apartment above it that was recently bought by meat wholesaler Charles Handler and his wife, retired Double Bay fashion retailer Claire Handler.

1/56-58 Wolseley Road, Point Piper, New South Wales.
The Wolseley Road spread was listed with Di Jones’ Jane Schumann before it sold. Photo: Supplied

McWilliam has a solid history with Point Piper investments.

In 2016 he bought a Best Western-style house on Wolseley Road for $4.55 million to be converted into a duplex set next door to another investment he bought in early 2012 for $3.47 million.

In 2013 he sold his waterfront home, known as the Bang and Olufsen house, for $33.5 million to Jerry Qiu Yafu, the owner of Chinese textile company called Shandong Ruyi Science and Technology.

He then bought a Wentworth Street house for $13.65 million and after renovating it sold it two years later for $16.5 million and took up residence in the Edwardian waterfront mansion a few doors away from his bestie, Prime Minister Malcolm Turnbull that he bought in 2014 for $29.5 million.

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