About Me

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I am a qualified Attorney. I specialise in Property Law, Commercial Law, Corporate Law and Trusts.
 
Please visit our website at www.prop-law.co.za for more details.
 
I am an elected Committee Member of the Property Committee of the Association of Pretoria Attorneys and through my involvement, I like to ensure that I am constantly at the "sharp-end" of Conveyancing Practice.

I am the elected Chairman on the Gauteng Council of SAPOA. The South African Property Owners Association (SAPOA) is the biggest and most influential institution in the property industry. SAPOA members control about 90% of commercial property in SA, with a combined portfolio in excess of R150 Billion (about $22 Billion). I am also on the National Council and the National Legal Committee of SAPOA.
 
Member of the Institute of Directors South Africa and Member of the Sirdar Governance Panel.

21 November 2011

Bishopscourt mansion a bargain at R98m

Bishopscourt mansion a bargain at R98m

The price includes imported interlined silk curtaining worth R5m.
JOHANNESBURG – A sprawling 3 500m² mansion in Cape Town’s exclusive Bishopscourt suburb has gone onto the market with the asking price set at a cool R98m. The price includes imported silk interlined curtaining worth R5m and some of the furniture.

Estate agent Ingrid McFarlane of Seeff Properties says the current owner is a well-known South African mining magnate who wants to scale down. Asked about the likely profile of a prospective buyer, McFarlane said it was likely to be a “black diamond”, referring to South Africa’s and Africa’s growing affluent and influential black community.

Interest is likely to come from the who’s who of SA’s mining or business sector, someone “who loves entertaining and enjoys a lavish lifestyle”.

McFarlane says the property is akin to owning a small three acre estate in the middle of Bishopscourt. An average three to four bedroomed house usually comprises 800m². The land alone is estimated to be worth in excess or R43m.

Seeff’s Andy Todd says the property is surrounded by some of the most valuable real estate on the African continent with houses in the vicinity fetching anything from R40m and upwards.

Now, what can you expect to get for R98m? The basics include six massive en suite bedrooms including dressing rooms. The main suite includes a separate lounge with a fireplace and his and hers dressing rooms and bathrooms. McFarlane says the house consists of several other large rooms that can be converted into at least four additional suites.

The Canterbury Drive mansion includes an entrance court leading into a double volume entrance hall with a dual staircase that connects the living spaces dotted with priceless art and Persian carpets.

The entertainment area sports an opulent lounge and a formal 24-seater dining room for large scale entertaining. A central bar area is flanked by a billiard room, a cinema, a large kitchen with a separate scullery, an open plan family room and a casual dining area.

Other features the living section boasts include a cigar lounge in the basement with a wine cellar and tasting room. Here you will also find a large office with an adjoining lounge cum library and separate access for guests and dignitaries.

The sprawling exterior includes a large covered terrace leading onto a multi-million rand landscaped garden, swimming pool, tennis court and pavilion.

Of course, you will have to set aside at least R30 000 a month to maintain the property. This is the unenviable task of the “estate manager” who resides on the property in a separate two-bedroomed home.

McFarlane says the mansion was built in 2008.

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