Former State president PW Botha’s sprawling Southern Cape retreat has been sold for R8-million to a South African buyer.
The property in the Wilderness Lake Area went under the hammer yesterday, during an auction at the Crystal Towers Hotel.
Auction Alliance’s Helen Ward was not able to confirm the opening bid, but said that at the final bang of the gavel it was sold for R8-million to a “private individual”.
Ward said the sale was subject to a 15-day confirmation period. Only after this, she said, would the winning bidder’s name be released.
Ismail Hendricks, also from Auction Alliance, said there had been four bidders from Cape Town and Gauteng in the running.