Gupta house in Saxonwold auctioned off for just R2.6m

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The deal has been described as something of a bargain for the buyer.

reported last month that ANC secretary-general Ace Magashule’s son Tshepiso had been the Avonwold Road home’s most recent occupier, and had been “forcefully removed” from it.

Clive Lazarus of Park Village Auctions said that they would also be putting houses in Cape Town and Durban under the hammer, while Optimum Mine would also be sold.The Avonwold home is separate from the more famous nearby Gupta compound that has been the source of much unhappiness in the exclusive suburb.

Residents claimed the mansion was “illegally built” and had devalued the area. They wanted the property demolished, since they claimed it was in contravention of city planning regulations. Other complaints about the property included that it featured no greenery, being completely paved, and was poorly built and “falling apart”.

 

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