Machanik house goes under the hammer

Johannesburg - Following a highly publicised legal battle and intense public scrutiny, property mogul Wendy Machanik's multimillion rand Atholl home will be taken to auction in an urgent sale.

The Atholl, Sandton, house will go on auction on July 15.

Machanik was well known in the property industry, with a national footprint and offices in Tel Aviv, Israel. She is accused, among other things, of conspiracy to commit fraud involving R25m.

Following a forensic investigation by risk management firm Pasco, it is alleged that Machanik made irregular transfers from the trust account to Wendy Machanik Property's business account to keep the business afloat, pay salaries and fund her lifestyle.

Designed by world-renowned architect Bridget Grosskopff, the home is situated on a double stand in a secure, gated complex. Built by Machanik in 2004, the home boasts immaculate finishes and features four bedroom suites that surround an open atrium with water features and private gardens.

According to Craig Berman of Auction Alliance, the property has attracted widespread interest due to its high-profile nature and the fact that it is an urgent sale.

"This property will be sold on the fall of the hammer, subject to a reserve. Due to the recent hype around Wendy Machanik's court case we expect a very exciting auction."