Diani Tourist Circuit Prime Commercial Property Auction

Diani Tourist Circuit Prime Commercial Property 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 1: PRIME COMMERCIAL PROPERTY IN DIANI TOURIST CIRCUIT, KWALE COUNTY (3RD ROW PROPERTY)

ON MONDAY THE 20TH DAY OF JUNE 2016 AT 12.00 NOON AT THE OFFICES OF FIVE ELEVEN AUCTIONEERS SITUATED AT GATHECHA HOUSE, ROOM NO. 9, OFF MOI AVENUE, NEXT TO ELEPHANT TUSKS, MOMBASA CITY

All that parcel of land known as TITLE NO. KWALE/GALU KINONDO/1767 GALU KINONDO KWALE COUNTY registered in the name of KAVUNZA NZUMBI t/a JULIUS TACT SAFARIS c/o P.O Box 436-80400 Diani. The property is situated approximately 375 metres off Diani Beach road turning west 170 metres south of Vulcano Villas in Galu Kinondo area of Kwale County. It lies approximately 7.0 kms south of Nakumatt Diani. The property is only 600 meters from the ocean. It measures approximately 0.16 of a hectare (0.395 of an acre) and is developed with a three and a two storey block of apartments, staff quarters, a swimming pool and ablution block. The two storey block of apartment is to the rear of the three storey block. Accommodation comprises Block 1: ground, first & second floors: two (2No.) two-bedroomed (master en suite) apartments on each floor. There is also a roof terrace bar with counter top Block 2: ground and first floors: two (2No.) one-bedroomed apartments on each floor staff quarters: one-bedroomed. The title is freehold interest and mains electricity is connected while water is from a borehole.

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. 1, 3 & 4 & Kshs 10million for property No. 2. 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. 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.

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