Gupta mansion
The Gupta family’s sprawling seven-bedroom, six-bathroom mansion in Cape Town has been SOLD. Check out the latest pictures. Photo: Supplied

Home » In Pics: Gupta Upper Constantia mansion sold to international buyer

In Pics: Gupta Upper Constantia mansion sold to international buyer

The Gupta family’s seven-bedroom, six-bathroom mansion in Upper Constantia in Cape Town is officially off the market having been SOLD.

05-02-24 21:43
Gupta mansion
The Gupta family’s sprawling seven-bedroom, six-bathroom mansion in Cape Town has been SOLD. Check out the latest pictures. Photo: Supplied

The Gupta family’s seven-bedroom, six-bathroom mansion in Upper Constantia in Cape Town is officially off the market having been SOLD.

MUST SEE | Top global coffee chain coming to South Africa

Richard Huxham-Hardie from Hardie Property, who was the sole agent overseeing the sale of the property, confirmed exclusively to The South African website that the house has been transferred to its new owner.

Huxham-Hardie added that the full asking price of R20 million was achieved.

ALSO READ | South African WHATSAPP licence renewal is a game-changer

Pictures from the 10 Dawn Avenue home in Upper Constantia were sent to The South African, displaying the ‘SOLD’ sign on the main gate – which is currently held together by a lock and chain.

MUST READ | APPROVED: 2024 SASSA payout dates for the rest of the YEAR

Huxham-Hardie confirmed that the unnamed buyer was “international, but spends a lot of time in South Africa and wants to spend even more time in the country”.

Numerous weeds are clearly evident as well as the state of neglect the 8 105m2 house is in.

ALSO SEE | EPIC FAIL: Zuma’s MK launch party draws 60 supporters

Huxham-Hardie added that the house is “currently uninhabitable and requires major renovation with huge gaping holes in the thatch roof”.

CLOSED | Montagu and Seven Passes Road closed till further notice

The property was one of the assets seized by the National Prosecuting Authority (NPA) in 2021.

GUPTAS BOUGHT HOUSE FROM MARK THATCHER

The Gupta family bought the mansion in 2005 from the son of former British Prime Minister Margaret Thatcher, Mark Thatcher, for R17 million.

TWITCHER | Can you identify this bird?

A video of the property showed how badly the mansion has deteriorated after being left vacant for several years.

The pool is a sickly green colour, the thatched roof has holes and the interior has been severely damaged by water.

PICTURES | Cape Town estate that hosted Princess Diana up for rent – at R290 000 per month

MANSION HAS 7 BEDROOMS

Huxham-Hardie said prior to the sale that the property was on the market for a steal, at a fraction of the price of what properties are worth in one of South Africa’s most sought-after areas.

ALSO READ | Easiest countries if you want to EMIGRATE to Europe

“The structure is safe, it’s sound. So, I think someone can take the structure of it. Obviously, it needs a new roof, everything inside needs to be stripped back but I believe the structure of the property is solid,” Huxham-Hardie said.

The property boasts seven bedrooms, six bathrooms, two garages, a separate one-bedroom cottage and a guard house.

Monthly rates are reportedly R11 577.

ALSO READ | Here’s WHY international companies covet South African staff