Reports that City of Cape Town Council will auction off its 'superlative beachfront property' on Clifton's 4th Beach to pay for water projects got John Maytham curious.
The City Council owns a property on 4th beach?— John Maytham, CapeTalk host
He spoke to Mayco member for Assets and Facilities, Stuart Diamond.
Prior to the unification of the city back in early 99/2000, the City owned a portion of the properties across the Peninsula, and this just happened to be one. It was probably a Parks and Recreation bungalow back in the day, or a bungalow that belonged to an ex-mayor used as a summer spot.— Stuart Diamond, CoCT Mayco member for Assets and Facilities
he says it was identified in one of the City's clean-up operations where a staff member was living in it.
It was no longer viable from a municipal purposes point of view and we looked to put it on the market via the disposal programme we run every year.— Stuart Diamond, CoCT Mayco member for Assets and Facilities
He says the funds are then used in projects like water
Diamond says the City employee living in the bungalow, was a member of the parks and recreation team, working in and around the area and was paying a market-related rental.
While the property is enormously valuable, the bungalow itself has not been renovated in years and parts are not in good condition, he adds.
We're hoping to get anywhere between R20 and R30 million.— Stuart Diamond, CoCT Mayco member for Assets and Facilities
The auction is set for 27 March.
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This article first appeared on CapeTalk : CT City to auction Clifton 4th beach bungalow to pay for water projects