Gupta family Constantia mansion: MORE PICTURES

The Gupta family’s sprawling seven-bedroom, six-bathroom mansion in Cape Town has been SOLD.

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Richard Huxham-Hardie from Hardie Property, the sole agent overseeing the sale of the property in Constantia, confirmed to The South African website early in March 2023 that ‘a sale has been agreed’.

As reported by The South African website, the property was on the market for R20 million.

At this stage there is no confirmation as to the sale price agreed upon.

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More pictures from the home in Dawn Avenue in Upper Constantia were sent to The SAPeople website, displaying the ‘SOLD’ sign on the main gate – which is held together by a lock and chain.

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

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.

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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.

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Despite the property’s appearance, Hardie confirmed the Gupta mansion garnered a steady stream of interest from would-be buyers and ‘multiple offers on the property were received’.

MANSION HAS 7 BEDROOMS

Hardie added 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.

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“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,” 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.

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