Source: Grace splurges $8m on houses – The Zimbabwe Independent August 18, 2017
FIRST Lady Grace Mugabe — currently in hot soup after assaulting a model in South Africa who was in the company of her two sons at a luxurious Johannesburg hotel — has splurged more than US$8 million on mansions in exclusive suburbs in the neighbouring country and in Zimbabwe’s capital Harare.
Bernard Mpofu/Elias Mambo
Reports in the South African media and separate checks by the Zimbabwe Independent — which has been investigating Grace’s property story and her sons’ escapades in Johannesburg — show that she has been renting a huge property owned by Angolan immigrants for R200 000 (more than US$15 000) a month. Investigations and reports show the rented six-bedroomed property is Number 27a Coronation Road, Sandhurst, Sandton’s most affluent suburb.
Sandton is the richest square in Africa. The house was valued at R40 million (US$3 million). A report in the The Star newspaper in Johannesburg also said Grace has bought a property around the corner in Sandhurst for R45 million (US$3,5 million) and was also negotiating to buy another.
Checks by the Independent showed the property is located at Number 37 Killarney Road. The price of the property on Killarney Road could go up to a whopping R49 million (US$3,7 million) when transfer costs, renovations and finishings are added.
In Harare, the Independent yesterday confirmed Grace has also acquired another property in the plush suburb of Hellensvale for US$4,5 million. As part of the purchase agreement, the former owners have been allowed to stay in the house for the next three years. An informed source confirmed yesterday the deal between Grace’s family and a local resident Jan Teede and his wife Fiona Campbell has been finalised.
Grace’s rented mansion in Sandhurst is a 2 000-square-metre fancy property.
“This home is a once-in-a-lifetime statement for a privileged and discerning Connoisseur!,” the description of the house on a property website goes.
“From the double volume entrance the tone is set for a home that invites whispers of sophisticated elegance and a lifestyle of grand entertaining in a sumptuous environment of luxury, ease and comfort — with numerous reception areas, consisting of formal lounge, baronial size dining room, informal lounge, feature pub area all opening to patios.”
The property also has a superb outside entertainment area for comfortable entertaining and al fresco surprises. It also has a first-rate new kitchen designed for easy access to all working areas fully fitted with imported appliances, cold room, breakfast area. There is also a basement man-cave and entertainment centre with own wine cellar, cigar bar, feature bar and fully equipped cinema. Information seen by this paper shows the Killarney property was acquitted through a shelf company. The property cost her R43 million (US$3,4 million), but the cost goes up to R45 million if other service charges are factored in.