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R23.5 million Clifton 4th Beach bungalow taken over by vagrants [pic]
Posted by on Nov 19th, 2013

A beach bungalow in Clifton bought for R23.5 million has been taken over by vagrants after not being occupied by it’s owner for nearly a decade. Residents of Clifton 4th beach have complained and want the house to be declared derilict saying it lowers the value of nearby properties. The bungalow is owned by Equatorial Guinea’s vice-president and son of the country’s leader, Teodoro Nguema Obiang Mangue, but he has never lived there.

Residents have complained that unoccupied property attracts vagrants and rats.

“The city’s executive director for safety, RichardBosman, said the status of the building was under investigation.

Fonzari said residents were trying to discover whether the playboy owner, known for splashing cash on sports cars and dating rapper Eve, had paid property rates. If not, the city could take possession of the house.

“If has not paid his rates, it would mean that he owes the city several million rands,” Fonzari said.

Obiang Mangue, the son of his country’s president, bought the bungalow on Clifton’s Fourth Beach, in 2004 for R23.5-million.” [TimesLIVE]

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