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Massive mansion marks milestone for auctioneers

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The house – on a plot of 3 944m² – has about 1 000m² in living areas and there is also an adjacent vacant stand of 4 818m² on offer.

Ian Wyles Auctioneers is gearing up to auction “the most prestigious property the company has ever offered” when on June 25 at 11am, in an online live Zoom auction, bids will be called for an ultra-luxurious and enormous Durban North mansion with spectacular views of the city and the sea.

Andrew Giddy, property manager for Ian Wyles, says the company has already had inquiries about the opulent residence at 10 Monteith Place from some of the wealthiest business people and celebrities in South Africa.

The total site of 8 762m² has town-planning approval for nine sectional title freestanding houses (zoned “Special Residential 900m²”) and, according to Giddy, with relaxed civic permission, a 10th residence would be possible.

“The property, as a whole, could be turned into a luxurious estate-styled complex by the new owner,” says Giddy. “It’s a breathtaking asset in the ideal location – the most stunning disposal I have personally ever handled.”

On the ground floor, the triple-storey mansion features:

♦ Reception area and entrance hall.

♦ Two spacious lounges.

♦ Dining area.

♦ Two kitchens with scullery.

♦ Guest bathroom.

♦ Study.

♦ Large pool and entertainment area.

The first floor has no fewer than five bedrooms – of which three are en suite – with the main unit having its own dressing room. There is also another large bathroom on this level.

A sprawling entertainment room occupies the rooftop third storey. Also on site is a studio apartment; six garages with two storerooms; two prayer rooms; a garden and automatic gates. The property is protected by top security.

“The house has 180° sea views, as well as panoramic views of the city. “It’s the type of investment that comes once in a lifetime – the mansion is impressive even in this millionaire’s node, and is close to the US embassy and former president Zuma’s residence,” Giddy adds.

For more details and bidding procedure, contact Andrew Giddy at 082 601 9278 or 031 579 4403 or email andrew@ianwyles.co.za or visit www.ianwyles.co.za.

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