The stunning coastal estate once owned by former Steinhoff CEO Markus Jooste has found a new owners, marking a historic sale at a record price of R105 million, reports Cape {town} Etc.
The property, located in the scenic Voëlklip area of Hermanus, has long been associated with the affluent Rupert family and is known for its expansive amenities and breathtaking views of the ocean.
Last year, Seeff Hermanus listed the remarkable estate at R105 million, generating considerable interest from both local and international investors.
Despite a wealth of intrigue, the right buyer was elusive until this week when Seeff Hermanus confirmed that one of the largest residential property transactions in the history of Hermanus had finally concluded.
Seeff Hermanus indicated that the estate comprises two large plots, extending over 7,000 square meters, filled with extensive buildings that embody the elegance and luxury characteristic of top-tier coastal properties in South Africa.
The buyers, a group of strategic investors, view the estate not merely as a high-value property but as a long-term investment opportunity that promises potential for optimisation and enhancement.
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As part of their vision, they aim to engage in a process that not only restores the estate’s former glory but also positively contributes to the Voëlklip and broader Hermanus communities.
Paul Kruger, the licensee for Seeff Hermanus, remarked on the significance of this sale: ‘These properties form part of the historical fabric of Hermanus, and their sale marks the beginning of a new chapter for a truly iconic estate,’
Kruger further noted that the investors appreciate both the cultural significance of the estate and its scenic setting, viewing it as a strategic asset for future development.
Hermanus has consistently attracted considerable interest from discerning property seekers, and Kruger emphasises that transactions of this nature reaffirm the confidence investors have in both the town and its luxury property market.
Details regarding the investors’ forthcoming plans for the estate are anticipated, with further announcements expected once their strategic evaluations are completed.
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Also read:
Markus Jooste’s R105m mansion draws attention but still seeks a buyer
Picture: Supplied
