‘Coveted’ mansion on Umhlanga Rocks beachfront to go on sale

Park Village Auctions (PVA) has announced the sale of a “highly coveted” residential property with direct beach access in Umhlanga Rocks, north of Durban.

PVA director Clive Lazarus highlighted the property’s appeal, saying: “Beachfront real estate is near impossible to come by these days, especially in Umhlanga, where many corporates are setting up shop.”

The property in question also carries some notoriety, stemming from the Gupta-owned concern Islandsite Investments 180 (Pty) Ltd, which was embroiled in a legal battle that was recently resolved in the Constitutional Court.

With renewed gusto to realise the turnaround potential of the business, the estate’s curator has duly instructed PVA to dispose of the property, located at 8 Trevor Place, La Lucia, Umhlanga Rocks.

The sale comprises a four-bedroom residential dwelling (requiring some upkeep modifications) set astride a 1,101m2 stand with a private beach entrance.

The house features an open-plan kitchen, dining room and lounge leading to an entertainment room with a built-in bar, a small storeroom, a guest cloakroom, three en-suite bedrooms, a double garage and a swimming pool.

An upper level features the fourth main bedroom with an en-suite bathroom and a dressing room, which is said to boast “spectacular” sea views.

According to PVA’s website and advertisements, the property will be sold via a simulcast auction, which comprises an on-site sale with live, simultaneous online bidding.

Participants must pay a R250,000 registration deposit to be eligible to bid.

On-site viewing will be open on Friday from 10am-2pm.

The auction will commence at 11am on Monday April 8.

More information, including a video tour and registration details, are available under listing 1486 at www.parkvillageauctions.co.za.

For all auction-related information, contact PVA on 011-789-4375 or go to www.parkvillageauctions.co.za.