Council votes ‘YES’ – Tshwane Mayoral Mansion to be sold

The Tshwane Council voted to sell the Mayoral Mansion in order to use the proceeds to provide other basic municipal services including building houses for our people who need access to decent housing. This is despite the ANC’s attempts to slow down proceedings.

While the motion to sell the property was delayed due to August’s council being inquorate, we are pleased that Council’s decision will advance the process to get rid of the mansion which we have long believed is unnecessary. As such the Executive Mayor will host the first open house in due course.

While the previous ANC administration spent R12 million to “renovate” the house, the latest valuation on the property indicates that the property can be sold for a minimum amount of R5 million. Further, despite the exorbitant amount spent on the renovations, the valuators have uncovered defects including surface cracks on exterior and interior walls and clear evidence that the money meant to enhance the house went to the pockets of the few.

Fast facts about the Mayoral Mansion:

• The proposed sale of the property is pursuant to section 14(2) of the Municipal Finance Management Act, 2003 (Act 56 of 2003).
• property was previously used as a Mayoral residential house.
• The City enlisted the services of Spectrum Valuations (Pty) Ltd to determine the current market value of the subject property.
•Single residential dwelling accommodating a total of 5 bedrooms, 2 ensuite bathrooms, 2 additional full bathrooms providing two separate guest toilets, entrance foyer, dining room, lounge, TV room, family room, scullery, pantry and a fully fitted kitchen with built in cupboards throughout. There is a study on the ground floor and two outside staff rooms.

  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