PHOTO: Francesca Packer-Barham has sold her Elizabeth Bay pad for $2.6 million. Photo: Jesse Marlow
Heiress Francesca Packer Barham hasn’t let a little matter of a coronavirus pandemic interfere with her plans to sell her redundant Elizabeth Bay apartment.
While pubs, restaurants and even beaches have been firmly off-limits to the public, the daughter of billionaire Gretel Packer quietly negotiated to sell her two-bedroom spread in the Encore building for $2.6 million.
Packer Barham was just 21 when she bought it for $2.1 million in 2016 following her return from Melbourne after she broke up with property developer Kelli Holland. She sold her South Yarra home the following year for $7.6 million.
The Elizabeth Bay apartment is one of 78 in the Mirvac development built on what was formerly the Sebel Townhouse Hotel, renowned as the hotel of choice for superstars of the ’70s and ’80s like Rod Stewart, Elton John and David Bowie.
Packer Barham initially bought the two-bedroom spread as a Sydney bolthole from chief executive of FSA Group Tim Odillo Maher, but traded up last October to a whole-floor spread in the nearby Harry Seidler-designed Horizon tower for $15.8 million.
Settlement records show the apartment was bought by little known Alfred Street with no mortgage.
READ MORE VIA DOMAIN
