Agrizzi happy with R9 million auction price for Fourways mansion

0:00
play article
Subscribers can listen to this article
The property is owned by the Agrizzi Family Trust.
The property is owned by the Agrizzi Family Trust.
  • Former Bosasa COO turned whistle-blower Angelo Agrizzi has obtained an offer of R9 million for a mansion he owns in Fourways.
  • The home went on auction on Thursday.
  • According to the auctioneer, they are awaiting acceptance of the family trust in whose name the house is.


A mansion in Fourways belonging to Angelo Agrizzi, the former Bosasa COO turned whistle-blower, was auctioned for R9 million on Thursday.

Agrizzi told Fin24 shortly after the auction was concluded that the house had been on the market for over two years.

"The property market is in disarray and I decided to put the house up on a private auction. I am happy with how the auction went. It is a case of downscaling for my wife and I," he said.

In his view R9 million is a fair price and what he wanted for the house.

"Of course one would always like more, but it certainly is not a R100 million house like some claim," he added.

The property is owned by the Agrizzi Family Trust, and located in Helderfontein Estate.

Joff van Reenen, director and lead auctioneer of High Street Auctions, confirmed that a bid of R9 million was received on the Helderfontein Estate property.

"We are awaiting confirmation of acceptance from the family trust that owns the house," he said.

The opening bid was listed as R5 million. The High St Auction Co. held a virtual online auction and interested bidders had to provide a registration deposit of R100 000.

READ: PICS | Inside Agrizzi's swanky Fourways mansion that is going under the hammer

According to information available on the auction website, Helderfontein Estate boasts a country lifestyle with Fourways and Lonehill "just a stone's throw away".

The estate offers residents a variety of leisure activities, ranging from walking and cycling trails through indigenous landscaping to children’s play parks with picnic spots and catch-to-release fishing dams.

The mansion's French-themed architectural style consists of an open plan lounge, dining room and gourmet country kitchen with centre island, Caesarstone counters, breakfast area and walk-in pantry. There are five en-suite bedrooms and a triple garage. Separate from the main house is a self-contained luxury flatlet above the garage.

"Built for the owner, with no expense spared," the bidding documents said.

mansion auctioned

The virtual auction underway. (Supplied)

We live in a world where facts and fiction get blurred
In times of uncertainty you need journalism you can trust. For only R75 per month, you have access to a world of in-depth analyses, investigative journalism, top opinions and a range of features. Journalism strengthens democracy. Invest in the future today.
Subscribe to News24
ZAR/USD
15.35
(-0.84)
ZAR/GBP
20.79
(-0.61)
ZAR/EUR
18.51
(-0.77)
ZAR/AUD
11.77
(-0.59)
ZAR/JPY
0.15
(-0.96)
Gold
1833.51
(+1.13)
Silver
24.89
(+2.10)
Platinum
1076.00
(+1.36)
Brent Crude
54.81
(0.00)
Palladium
2405.00
(+1.22)
All Share
63714.68
(+0.26)
Top 40
58551.36
(+0.18)
Financial 15
11923.79
(+0.06)
Industrial 25
84741.72
(+1.11)
Resource 10
63257.87
(-0.94)
All JSE data delayed by at least 15 minutes morningstar logo
Company Snapshot
Voting Booth
Please select an option Oops! Something went wrong, please try again later.
Results
Yes, and I've gotten it.
21% - 667 votes
No, I did not.
51% - 1641 votes
My landlord refused
28% - 882 votes
Vote