Bargain hunters bid for Gupta properties, but only one multimillion-rand home sells
Number 3 Saxonwold Drive, a four-bedroom home worth R5.5 million, which has fallen into disrepair, was sold for R3.3 million. The home is 349m2 and the City charges monthly rates of R6 304.81 on the property.
All three of the interlocking homes and their contents went on auction on Thursday, and most of the bidders, wanting to remain anonymous, bid online.
Number 5 Saxonwold, the home where most of the family's nefarious deals were said to have been struck, according to the auctioneers, received a bid of R4 million, and Park Village Auctions refused to entertain a bid of below R5 million. The building is 1 547m2 and is worth R21.7 million. The municipal rates on this property amount to more than R19 186.
Thahasello Mphatsoe/News24
Thahasello Mphatsoe/News24
Thahasello Mphatsoe/News24
Number 7 Saxonwold, a triple-storey house with a checkered roof and rounded facade, which has a municipal value of R36.8 million, only received one bid for R3 million. The rates alone on this property amount to R29 433.78 a month.
Meanwhile, the contents of Number 5 Saxonwold, which include an indoor spa, were auctioned off for R100 000.
The contents of Number 7 Saxonwold, arguably worth more than the rest of the homes, decorated with original Indian wooden designs, went for R60 000.
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