select
|

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
  
2000
Characters remaining


    Latest Property News
    • 20 Nov 2017
      Since 2012, sectional title complexes have been leading the South African property market, not only in terms of price growth, but sales volumes as well. Remaining relatively strong, even in the face of 2017’s political and economic turmoil, experts say this market segment could offer valuable insight into South Africans’ property purchase priorities.
    • 20 Nov 2017
      Regardless of whether you are purchasing your first start-up home, downsizing or moving in with roommates, finding ways to maximise small spaces can be a big advantage, says Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa.
    • 20 Nov 2017
      Property valued at approximately R1 billion is on High Street Auctions’ sales floor during the month of November, including the much-anticipated sale of the Tshwane Mayoral Residence and the land occupied by one of South Africa’s oldest operating gold mines.
    • 17 Nov 2017
      FWJK has announced the launch of its latest residential brand, the Lil’ Apple, which will be launched simultaneously in two developments in Cape Town and Umhlanga totaling 600 apartments. The Lil’ Apple is set to be a brand of FWJK’s New York style apartments which will be rolled out nationally.
    • 17 Nov 2017
      It’s been a tumultuous year on many fronts, with socio-political uncertainty setting the tone for much of South Africa’s economic activity yet despite this and seemingly counter-intuitively, the residential property market has held up well.
    • 17 Nov 2017
      The EAAB (the Estate Agency Affairs Board) recently claimed that around 50,000 illegal estate agents could currently be operating illegally.
    • 16 Nov 2017
      Penthouses are synonymous with New York – characterised by high-rise living that is decidedly luxurious and spacious. While exclusivity comes at a price, you can still create a “penthouse” look and feel in your existing apartment or even the upstairs bedroom of a double storey house with some clever design changes and styling touches.
    • 16 Nov 2017
      The area has long been popular with kite surfers and, with escalating property prices in Cape Town itself, is increasingly in demand with home owners who work in town, but are looking to invest in more affordable properties.
        
    X
    Subscribe to the MyProperty Newsletter

    Name  
    Last Name  
    Email Address  
    Email Frequency
    select
    X
    Share this Page

       
    For Sale Property
    Rental Property
    More Options
    About
    Connect with us
    FEEDBACK