The Thatcher Cape Town mansion

Mark Thatcher's mansion in the leafy Cape Town suburb of Constantia is going up for sale on Monday for R24-million, according to a newspaper report.

The businessman son of former British prime minister Margaret Thatcher, who has been charged with bankrolling a plot to stage a coup in oil-rich Equatorial Guinea, has decided to sell the two-storey, eight-bedroom home he purchased in 1995, the Sunday Times reported.

The newspaper quoted Mike Greeff of Cape Town-based Greeff Properties as saying that he won the exclusive contract to the sell the house and was confident of finding a buyer.

The thatched-roof 1350 square metre house is described by the agency as a "residence of ambassadorial proportions" with a prime location in Constantia.

Built on 8105 square metres (two acres) of property, the house is protected by a 2.1 metre wall along its entire boundary and has a pool but no tennis court, contrary to British press reports.

The real estate agent also lists among the house's special features "a very large safari lounge, 100 square metres in size, with panoramic views" and "seven reception rooms overlooking the Constantia mountains".

Greeff said he had been seeking the contract to sell the house since last year but that the Thatchers "made up their minds only on Monday" when his wife left South Africa for the United States with her two children who will be attending school there.

Thatcher on Friday paid R2-million in bail following his arrest on August 25 and the amount was reportedly put up by his mother.

Prospective buyers are requested to make an appointment to view the house, said Greeff.

Article from: http://iafrica.com