• 10 tips to find bargains

    Susan Erasmus gives advice on how bargain hunters can get the most bang for their buck.

  • Inside Labour

    Labour's bitter breaches need to be seen in historical context, says Terry Bell.

  • Rich getting richer

    Economists differ on how to tackle the chasm between rich and poor, says Leopold Scholtz.

Loading...
See More

Hout Bay castle sells for R23m

Sep 17 2012 10:20

Related Articles

R300m price tag for Camps Bay mansion

Quoin Rock wine estate sold for R85m

Levitt: I rigged auction

Quoin Rock wine estate up for sale again

Italy's taxman nabs dodgers at ski resort

Wealthy follow the trail to London

 

Johannesburg - A picturesque six-storey castle in Karbonkelberg, on the outskirts of Hout Bay has been sold to a Russian businessman for R23m.

The castle has 13 en-suite bedrooms, a library and a bar is situated high up against the mountain, overlooking Hout Bay beach.

It is only accessible by private road and helicopter and is situated on 8 500m² of land, which boasts a natural waterfall and swimming pool.

The castle was previously run as a guesthouse until it was snapped up by its Russian owner. "It was love at first sight for the owner," Sotheby’s International Realty’s Nina Smith is quoted as saying by MoneyWeb.

The castle was originally built by South African businessman Reynier Fritz in 1986. The building was meant to replicate the Schloss Lichtenstein castle in southern Germany.

The sale includes all the building's furniture.



* Follow Fin24 on TwitterFacebookGoogle+ and Pinterest.



 
hout bay  |  property

NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
10 comments
Add your comment
Comment 0 characters remaining
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Business tips from the world’s billionaires

We share some of the world's most successful people's greatest tips and who knows, this might just lead you to your first million!

 
 

Luxury living

5 millionaires turned murderers
The youngest billionaires in the world and how they made it
Watch: Flying first class has never been this luxurious!
What to expect inside a royal nursery

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

How do you see your boss? He/sheis:

Previous results · Suggest a vote

Loading...