Nairobi CBD Muindi Mbingu Street Vacant Commercial Plot Auction

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Nairobi CBD Muindi Mbingu Street Vacant Commercial Plot Auction

Under instructions received from the chargee’s advocates, we shall sell by public auction the under mentioned properties together with buildings and improvements erected therein.

PROPERTY NO 3: PRIME COMMERCIAL PROPERTY (VACANT PLOT) ON MUINDI MBINGU STREET, NAIROBI CBD

ON TUESDAY THE 24TH DAY OF JANUARY 2017 AT 11.00 A.M AT OUR OFFICES ON 5TH FLOOR, WESTERN HEIGHTS, KARUNA ROAD WESTLANDS, NAIROBI

All that parcel of land known as L.R NO. 209/2379 (I.R NO. 3872), MUINDI MBINGU STREET, NAIROBI CENTRAL BUSINESS DISTRICT registered in the name of METRO PLAZA LIMITED c/o P.O Box 4370-00200 Nairobi and/or c/o P.O Box 40832-00200 Nairobi. The property is situated in Nairobi’s CBD. It is situated at the junction of Muindi Mbingu Street and Banda Street, next to Rayan Restaurant. It measures approximately 0.0994 acres and is undeveloped. The title is leasehold interest for a term of 99 years w.e.f 01.09.1933 to 01.09.2032 at an annual ground rent of Kshs1,080. Mains services are available for connection.

CONDITIONS OF SALE

(1). All intending purchasers are requested to view the property and verify the details as these are not warranted by the auctioneers. (2). A deposit of 25% must be paid in cash or banker’s cheque at the fall of the hammer. The balance will thereafter be payable within thirty (30) days to the chargee’s advocates. A bidding deposit of Kshs 1million (by way of banker’s cheque) will be mandatory for property No. 3, 4, 6 & 7. Please note that failure to pay the balance by the confirmed purchaser will result in forfeiture of all deposits paid (3). For all the aforementioned property, details of encumbrances including names addresses e.t.c. together with user and any other restrictions plus rates/rents payable will be made available on request at our offices. (4). Sale of the above property will be subject to reserve prices and land board consent if applicable. (5). Conditions of sale are available on request at our offices and viewing of property is possible during normal working hours by prior arrangements with ourselves. For hundreds of other properties, log on to www.garam.co.ke

FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS HERE

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