Even with about ten potential buyers were present at the auction, there were no takers for the 17-hectare smallholding, Rekord East reported.
Bidding for the property opened at R10 million at the River Meadow Manor – just a stone’s throw from the smallholding. No interest was shown.
The auctioneer lowered the target until the R4 million mark was reached — the minimum set by current owner Philip Weyers, a great-grandson of Smuts.
As there was still no interest, the auction was called off.
Independent property evaluators expressed surprise, saying the property was worth more than R16 million.
Auctioneer Pieter Geldenhuys, however, was not overly perturbed.
“I expected more people to attend the auction – there were only ten attendees. It is still early in the game,” he said.
The property boasts two houses, staff accommodation and a few barns.
Smuts served as prime minister of the Union of South Africa from 1919 until 1924 and from 1939 until 1948.
The zoning of this property is undetermined but it borders other smallholdings and luxurious estates. Geldenhuys said interested parties still had until 4 September to come up with an offer.
– Caxton News Service