Walter Magaya’s properties are heading to auction this Friday, 27 February, with some major assets on the line. His financial troubles have led to a big sell-off.
Properties set to be auctioned include Prayer Mountain
Properties set to be auctioned include Prayer Mountain
- Around 30 properties, including Prayer Mountain, will be sold.
- The auction is being handled by Graham & Douglas under the Sheriff’s Office.
- The well-known Prayer Mountain is among the key assets being auctioned.
- A house in Prospect is also on the list for sale.
- Contrary to rumors, the Yadah Hotel and Heart Stadium aren’t part of the sale.
- The auction only includes properties like Prayer Mountain and a house on Smuts Road.
- Auction details clarified after conflicting reports surfaced.
- Smuts Road property features a six-bedroom house and staff quarters.
- The Caledon Avenue property in Waterfalls spans 8.7 hectares.
- Both properties are linked to Planet Africa, owned by Magaya and his wife.
- The auction stems from a legal battle with GetBucks Microfinance Bank.