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Prince’s private island to be auctioned off with no minimum bid

2018-05-08 11:58

Cape Town - Premiere estates has confirmed that the late Prince’s private estate in Turks and Caicos will go on auction on 12 July.

The house, which was previously listed for $12 million (over R150 million) in 2012, is 10,000 square feet and has views of the Caribbean Sea.

Auctioneers have confirmed that there’s no minimum bid for the property but a deposit of $100,000 (over R1.2 million) is required along with proof of funds.

Prince originally purchased the property in 2010, and personalised it with a purple driveway, his signature colour.

The residence also provides occupants access to two beaches.

The villa itself boasts six bedrooms and six bathrooms, a two-storey guest house while amenities include a pool, tennis court, tropical gardens, walking trails and a boat dock.

Premiere Estates have been trying for over a year to sell the property before opting to put it up for action.

In 2017, court documents revealed that the property suffered some damage after Hurricane Irma ripped through the Caribbean.

Prince, an eight time Grammy Award winner, died at his Paisley Park estate in Minnesota, on April 21 2016.

A medical examiner’s report ruled his death an accident after a self-administered Fentanyl overdose.

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