Busia County Teso Commercial Property For Sale By Auction
Under instructions from our principals, the chargees, in exercise of their statutory power of sale, we shall sell by Public Auction the under mentioned properties and all the improvements erected thereon.
Property 7. SALE ON THURSDAY 7TH APRIL, 2016 AS FROM 11:00A.M OUTSIDE BUSIA POST OFFICE. All that property known as TITLE. NO. NORTH TESO/KOLANYA/510 registered in the name of FRED EMOMERI. It is a freehold interest measuring 0.05Ha or 0.1255Acres and located in Kolanya area about 7Kilometers from Malakisi and directly opposite IFC Church 3Kilometers before Kolanya Boys High School. Developed thereon is a commercial block to the front consisting of 4 No. shops and 4 No. double rooms at the back. Mains electricity services are connected to the property.
CONDITIONS OF SALE.
- All interested bidders are requested to view the properties and verify the details for themselves as the auctioneers or the chargees do not warrant these. 2. Interested bidders must deposit Kshs. 1,000,000.00 for Property No. 1, Kshs. 300,000.00 for Property 2 & 6, Kshs. 100,000.00 for Property 3, 4 & 8, Kshs. 500,000.00 for Property No. 5, and Kshs. 200,000.00 for Property No. 7 in CASH OR BANKERS CHEQUE with the auctioneer before being allowed to bid. 3. Sale is subject to a reserve price, and the auctioneer reserves the right to reject any bid without giving any reasons for doing so. 4. Interested bidders are requested to view the properties between 10.00 am and 5.00pm and our office will assist the bidders to point out the properties subject to prior arrangement. 5. 25% of the purchase price must be paid to the auctioneer at the fall of the hammer and the balance to be paid in 60 days for the Property No. 6 & 8, 90 days for the Property No. 2, 3, 4 & 7and 30 days for Property No. 1 & 5 to the chargees.