Elizabeth Bay apartment

Apartment block snapped up by young couple at hot auction

PHOTO: Julia Maguire and Andrew Spira who bought an Elizabeth Bay apartment at auction for $3.41 million. Picture: John Appleyard Source: News Corp Australia

The young couple who pounced on a Spanish Mission apartment block at auction have grand plans, starting off with a ’salmon pink’ paint job – And they reckon they got it for a great price.

Julia Maguire and Andrew Spira have snapped up Glenbray, a block of four Spanish Mission-style apartments in Elizabeth Bay, at a hot auction — and the couple can’t believe their good fortune.

Maguire, 37, executive director of boutique investor and media relations agency The Capital Network, and Spira, 22, CEO of lender Pineapple Funding, paid $3.41m — $310,000 above reserve — for the three two-bedroom apartments and one-bedder at 72 Elizabeth Bay Road.

But Maguire and Spira, who live nearby in The Loop, reckon they’ve done well — and they’re already planning to give its dull facade a facelift within weeks.

“We want to paint it salmon pink and make the Spanish Mission design pop!” Maguire told the Courier.

“It smells like a church,” Spira noted as we walked up the stairs. Picture: John Appleyard

“It smells like a church,” Spira noted as we walked up the stairs. Picture: John Appleyard Source: News Corp Australia

READ MORE VIA NEWS.COM.AU

MOST POPULAR