SA’s largest private residence to fall under the hammer

A private residential home situated in Claudius, an extension of Laudium, close to Pretoria, measuring in excess of 2 200 square meters under roof, will fall under the Stonehenge Auctions hammer on 25 March at 14h00. 

Danny Moss, managing director of the auction group, says that this is the largest and most expensive private residence to go on auction in South Africa.

Valued at more than R65-million and set on a 4 000 square meters stand, this home which features six bedroom suites, lavish living spaces and top quality finishes is featured by Homes of the Rich, one of the most popular luxury real estate blogs on the web.

Moss says it’s easy to see why the replacement value of this home is in excess of R100-million. “Aside from the sheer size of the home which features facilities such as an indoor swimming pool, billiard room and in-house movie theatre that can seat 20 people, the top-of-the-line finishes including marble, granite and imported Italian wooden floors add to its value.”

Designed by Nico van der Meulen architects, this award-winning home also features six living areas, a fully equipped gym with a sauna and Jacuzzi as well as a prayer room that features a dome inspired by the one at Mecca as well as prayers inscribed into the walls.

Perfectly suited to large scale, luxurious entertaining, this home is equipped with a gourmet kitchen and features Juliette balconies overlooking the double volume formal lounge and dining room, which have been used to house musicians who entertained guests on the level below.

Spread over three stories, the home includes a lift from the movie theatre on the ground level, to the kitchen on the first floor and the main bedroom suite on the second floor. There is also a guardhouse fitted with bulletproof glass as well as all the security measures one would expect from this kind of property such as high walls, electric fencing, beams and a sophisticated alarm system.

Other features include a massage room, a home office, four double garages, a gazebo that can accommodate 50 people, a central heating/cooling system, a piped music system that allows different music to be played in each room as well as a generator to power the house.

Staff accommodation is in the form of a three-bedroom apartment that includes two bathrooms, a lounge and a kitchen.

Moss notes that the furniture in this 10 year old home, which carries an insurance value of R25 million and includes some hand-crafted Italian furniture and Persian carpets, will also be up for auction on the day.

The property, which is being auctioned as the owner is relocating, is ideally suited to corporates for use as a head office residence due to its central location close to Pretoria, Midrand and the highway, according to Moss, who says they have had a lot of interest from corporate investors. “This property is also well suited to buyers looking for an opulent private residence or wealthy investors who are looking to convert the property into a boutique hotel or guest house, provided the necessary rights can be obtained.”

An entry fee of R100 will be charged per person for access to the home on the viewing days which will be held on 15, 22, 23 and 24 March. This fee will be donated to the Wingz of Change initiative, which is aimed at helping those in need of assistance.

Bidders will be required to pay a R50 000 deposit to participate in the auction, with a 10% deposit required by the successful bidder on the fall of the hammer.

Moss believes that an auction is the best sales method for this property as it only attracts serious buyers due to the financial requirements. “Auctions are lower risk as they have no conditions. There is also less likelihood of the sale falling through due to lack of affordability,” Moss concludes.

  Comment on this Article

  Please login to post comments

Post to my facebook wall
Characters remaining

    Latest Property News
    • 19 Feb 2018
      Possibly one of the biggest sources of contention between landlords and tenants surrounds the rental deposit. “Most tenants rely on getting their rental deposits back when moving, so that they can use it to pay a deposit on their new home. Having it withheld or even having large amounts deducted can lead to a lot of distress,” explains Bruce Swain, CEO of Leapfrog Property Group.
    • 19 Feb 2018
      Situated approximately halfway between Johannesburg and Pretoria, Midrand was established in 1981 and forms part of the City of Johannesburg Metropolitan Municipality. It has become one of the major business hubs in the country with major pharmaceutical, textile, telecommunication and motoring giants situated within its boundaries.
    • 19 Feb 2018
      The PayProp Rental Index Annual Review of 2017 shows that the rental market suffered from much volatility during the year. It kicked off with rental growth spiking in January with weighted year-on-year growth (YoY) growth peaking at 8.3% before dropping to 6.34% in July, dipping down to less than 5% in November and then experiencing a slight uptick at 5.75% in December.
    • 19 Feb 2018
      While most homes in cluster complexes, estates and other gated communities come with at least one garage or carport, residents would often like additional permanent parking or storage areas for things like trailers, bikes, boats and caravans.
    • 16 Feb 2018
      Whether you own a property in a sectional title complex or are looking to invest in one, the financial standing of the body corporate is the single most important thing that can affect your investment or your buying decision.
    • 15 Feb 2018
      One positive consequence of the financial crash in 2008 was the rise in consumerism, especially in the property market, where buyers have steadily become more knowledgeable and more value conscious.
    • 15 Feb 2018
      While most homeowners will take the agent’s commission into consideration when they are trying to determine what the will get out from the sale of their property, many often forget to factor in the other costs involved in a home sale, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 14 Feb 2018
      The forecast for the national rental market in 2018 remains a mixed bag of good news and bad news. Although rentals are expected to rise slowly as the challenges of home affordability and tighter lending criteria tighten their grip, it’s a double-edged sword as the market also will come under increasing pressure from factors like declining disposable income levels.
    Subscribe to the MyProperty Newsletter

    Last Name  
    Email Address  
    Email Frequency
    Share this Page

    For Sale Property
    Rental Property
    More Options
    Connect with us