Busia County Korinda Estate Prime Commercial Property Auction
Under instructions received from the Chargee Advocates, we shall sell by public auction the under mentioned properties On 13th May 2016 outside General Post Office, Busia Town starting at 10:30 a.m.
PRIME COMMERCIAL PROPERTY IN KORINDA ESTATE, BUSIA TOWN, BUSIA COUNTY
All that piece of land known as LR. NO. BUKHAYO/BUGENGI/7448 measuring 0.13 hectares (0.325 Acres). The property is situated in Korinda Estate, Busia Town of Busia County. Access from Busia Town Centre is along Busia/Kisumu highway to road junction, proceed along the road for another 150 metres to reach Busia Prisons then turn at Korinda Junction to the left hand side along Nambale / Mumias tarmac road for about 80 Metres to reach the subject property on your right which fronts the said road and some 50 metres to Bondo University, Busia Campus. Tenure is Freehold interest, registered in the name of Laban Mugo Maina g/t Governors Lounge Ltd. The property is developed with eighteen (18) identical lodging rooms each having WC/Bathroom. Mains electricity and piped water are connected to the property. A borehole about 30 feet deep is in use. Waste disposal is by the ablution block.
CONDITIONS OF SALE
- All the interested purchasers are requested to view the properties and verify the details for themselves as these are not warranted by neither the auctioneer nor the Chargees. 2. A refundable deposit of Kshs. 100,000/= to be paid at our offices to obtain a bid number. No bidding whatsoever without the said number. 3. A deposit of 25% of the sale price must be paid in cash or banker’s cheque at the fall of the hammer and balance paid within 30 days to the chargees. 4. The sale is subject to a reserve price and other requisite consents.