Beverly Hills-styled property to go under hammer
ADURBAN North “Hollywood mansion”, with its own helicopter pad, is the latest residence of almost incredible dimensions to be assigned to Ian Wyles Auctioneers.
The lofty liquidated Beverly Hills-styled property will, fittingly, be auctioned on July 4, which is America’s Independence Day, on site at 11am at 45 St Kilda Avenue in Athlone.
The huge house was last owned by the liquidated company World African Network – Durban North, which has American connections.
Ian Wyles’ property manager, Andrew Giddy, says the home has “magnificent views of the bay” and also overlooks the Moses Mabhida Stadium, about 3km away.
The two-storey 1 600m² mansion with another level below ground – where there’s a subterranean squash court – needs quite a lot of restoration as it has been vacant for four years while “nature has taken its toll”.
Giddy says its size and spectacular location illustrate the property’s potential to be turned into a large boutique hotel or upmarket bed-andbreakfast establishment. The house consists of:
Eight bedrooms (five ensuite); Three lounges; Two dining rooms; Large kitchen; Study; Bars; Sprawling verandas; Squash court; Sauna; Gym; Indoor plunge pool; Two more swimming pools outside; Tennis court; Four double garages; Helicopter pad. There’s also a walk-in safe, a laundry, cloakroom, enormous passages, a tropical garden, waterfalls, ponds and an elevator for access to the upper level.
A two-bedroom luxury guest cottage with kitchen completes the picture of extravagant affluence. entertainment
The house is close to about 20 top schools and, for nature lovers, Beachwood Mangroves Nature Reserve is close by.
“This is without any doubt a stupendous residence,” Giddy says.
“The fact it needs some refurbishment is likely to bring down the price to a relatively affordable level for an enterprising entrepreneur who could convert it to an exclusive boutique hotel or a top-end bed-and-breakfast operation.
“We’ve had amazing interest since news leaked out that the house, which in its empty state has fascinated locals for years, is finally on the market.”
Giddy says prospective bidders are welcome to make appointments to bring builders, architects, interior designers or renovators to inspect and assess the state of the mansion.
“Renovation work is always difficult to cost as it depends on the new owner’s tastes and budget.
“In this case, renovation will be fairly costly, mainly because of the enormous size of the house.
“But because of its huge dimensions, the refurbishment can be tackled in sections and stages to stagger the repair expenses.
“We will gladly assist all interested parties looking for professional advice on the renovation.
“All that’s needed is to arrange an appointment to view the house,” he says.
For more details, call 031 579 4403 or 082 601 9278, email email@example.com or see www.ianwyles.co.za.
The sprawling ‘Hollywood palace’ in Athlone, with its own helicopter pad, that will be sold on auction on July 4.