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IOLProperty - South African Property For Sale
Wednesday Sep 26, 2012

KZN government battles to sell R2.5m house in Assagay

The KwaZulu-Natal government says it has been battling to sell the R2.5-million Assagay house it bought six years ago for use by King Goodwill Zwelithini when he is in Durban.

The KZN government is finding it hard to sell this house in Quarry Road, Assagay.

Spokesman for the Premier's office, Ndabezinhle Sibiya, said yesterday that after putting the house on the market last year, the best offer the government received was an unsatisfactory R1.5m.

The provincial government is trying to at least recover the R2.5m it spent to purchase the house in 2006.

Sibiya explained that the house would now be put on auction. "The Department of Public Works is now busy with the process, which would lead to the house being auctioned.

"That process includes things like identifying an auctioneer," he said.

The house was put on the market in 2009 after the king refused to use it, citing security concerns.

His concerns stemmed from the road leading to the house - Quarry Road - as being too narrow.

Its sale was put on hold with the government saying that the dip in property prices and the recession would have meant selling at a loss.

The government had purchased the house to try to curb the expenses incurred by the Royal Household department during visits to Durban by the king and his entourage.

The issue of accommodation for the king when he comes to Durban came into the spotlight again this weekend after it was reported he had allegedly spent about R150 000 staying at the five star Beverly Hills hotel.

The Mercury

 
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