Mercury (Hobart) - Property
Tasmanian cricketer Matthew Wade is planning his first foray into property development on Hobart’s Eastern Shore, writes Michelle Singer.
TASMANIAN international cricketer Matthew Wade is making his debut of a different kind this month, launching his first boutique development project.
As the ‘M’ in BMS Developments, Mr Wade joins business partners and friends Ben Langford and Stuart Gatward, on a four-townhouse project at 64 Kaoota Road in Rose Bay.
“I started a plumbing apprenticeship when I was younger before moving away to Victoria for cricket and a couple of years ago started getting into carpentry with Ben from Langford Projects with an eye to getting into development,” Mr Wade said.
After two years of planning and preparation, Mr Wade said he and his partners had made a conscious decision to focus purely on delivering premium residential homes.
“It’ll cost more money upfront, but both my partners have been in the industry for 10 to 15 years and know your product is everything,” he said.
“They’re very particular with what they want as inclusions and it might mean we won’t be building quickly, but we’ll be focused on quality.”
Having grown up in Lauderdale and now settled in Lindisfarne with his wife Julia and two children, Mr Wade says the opportunity, location and partnership with two other Eastern Shore locals was ‘the perfect storm’.
“It’s nice and fitting that our first project is in our backyard,” he said.
“We’ve spoken about this for such a long time; it’s not about dollars but about creating a legacy, our first project.”
HIA award-winning builder Langford Projects will build the homes with inclusions such as Smeg appliances including double ovens, 2Pac joinery, Tasmanian oak flooring and staircase, feature pendant and LED lighting and ducted heating.
Petrusma Property Lindisfarne sales manager David McLeod will launch an expressions of interest campaign on September 10 with more than $1 million expected for each residence.
“I expect these to break records as far as townhouses on the Eastern Shore are concerned,” Mr McLeod said.
“Brand new, top of the range property in a premium area of Rose Bay are always highly sought after.”
Potential purchasers include interest from mainlanders, downsizers, buyers wanting low-maintenance living, hyperlocal residents who love the location and professional couples seeking easy access into the city.
“The location is sensational. You get the views, northerly sun and panoramic views from Lindisfarne Bay to Wrest Point,” Mr McLeod said.
“Plus, you get a brand-new build without the stress of having to go through it yourself.”
The foray into development doesn’t spell retirement for the 33-year-old Wade, who packs his bags for the T20 World Cup in the UAE and Oman in less than five weeks. He is committed to hitting the tools whenever he’s home from cricket.
“That’s the cool thing about having close mates,” he said.
“We trust each other and have got all bases covered. We all make decisions around products, materials and design. It’s an exciting new opportunity.”