Hyde Park's iconic Summer Place just sold at auction for R129 million | Businessinsider

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Hyde Park's iconic Summer Place just sold at auction for R129 million

The 4,800m² Summer Place building has two primary banqueting venues – the Apollo Room and the Annex Room –as well as the Melville Terrace and a grand foyer. The executive business and conference centre is comprised of three boardrooms and two storerooms.

The Summer House has a ballroom, dining room with adjoining bar, and boardrooms named after the Krok brothers, Abe and Solly. The property also features a synagogue and function halls.The 450m² Summer Cottage has four bedrooms and three bathrooms, a large training room, lounge, dining room, kitchen, and double garage.

The 800m² Lewis property has three bedrooms, as many bathrooms, four reception rooms, a kitchen, three garages, six staff rooms or storerooms with 2 bathrooms, and a private pool. Summer Place has approximately 400m² of office space.In addition to the vast buildings, the property also has immaculately landscaped gardens, with well-lit pathways stretching throughout the grounds and a wine cellar with the capacity for 5,000 bottles.

There is, however, one fixture at Summer Place which has been explicitly excluded from the sale: a large sculpture crafted by famed South African sculptor Danie de Jager."The owners would potentially look at offers on the sculpture separately," said Broll.

 

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Swanky Summer Place in Hyde Park sells for R129mA consortium of investors and developers buy the Johannesburg landmark property
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Auctions speak louder than words: Joburg’s Summer Place goes for R129mThe landmark property, formerly owned by twin brothers Abe and Solly Krok, went for well below its reserve price
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Auctions speak louder than words: Joburg’s Summer Place goes for R129mThe landmark property, formerly owned by twin brothers Abe and Solly Krok, went for well below its reserve price I'ᴍ sᴏ ᴄᴏᴍғᴏʀᴛᴀʙʟᴇ ᴍᴀᴋɪɴɢ ᴍʏ ᴡɪᴛʜᴅʀᴀᴡᴀʟs ғʀᴏᴍ MarkdonaldTowns ᴘʟᴀᴛғᴏʀᴍ, ᴛʜᴀɴᴋ ʏᴏᴜ ғᴏʀ ᴛʜɪs ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ʙʀᴏᴛʜᴇʀs ᴀɴᴅ sɪsᴛᴇʀs ʜᴇʀᴇ's ᴛʜᴇ ᴘᴇʀғᴇᴄᴛ ᴏᴘᴘᴏʀᴛᴜɴɪᴛʏ ғᴏʀ ᴜs ᴀʟʟ ᴛᴏ ᴇᴀʀɴ. ᴄʜᴇᴄᴋ her ᴘᴀɢᴇ Information is the key to success I’m now seeing more doors of blessings on my first and second trail I got my profit back GAODwyer01 South Africa need to do exactly what New Zealand is doing - don't sell any property to anyone who is neither a citizen or permanent resident of South Africa. New Zealand did that to protect its citizens from high prices brought by foreign buyers. SA, just copy New Zealand.
Source: SundayTimesZA - 🏆 47. / 51 Read more »