Kiambu County Kinoo Area Residential Flat Auction
Under instructions from our principals, including Wamae & Allen Advocates on behalf of their client we shall sell by Public Auction the properties described herein-below together with all the developments and improvements erected thereon:-
ON FRIDAY 13TH MAY 2016, AT 11.30 A.M AT OUR OFFICES SITUATED AT NACICO PLAZA 4TH FLOOR ROOM 411B ALONG LADHIES ROAD NAIROBI.
All that freehold interest parcel of land known as LR. No. Dagorreti/Kinoo/2860-Kinoo Area, Kiambu County measuring 0.051 HA or 0.1260 Acres approximately and registered in the name of Geoffrey Mwathi Kiarie P. 0. Box 39791-00623 Nairobi. The subject property is situated approximately 180 meters due northeast of Disciples of Christ Church-Kinoo and about 225 metres off Nairobi-Nakuru Highway. Developed thereon is a four storey residential block of flat having sixteen (16) two bedroom. The property has a total rental income of Ksh. 256,000/= per month or Ksh. 3,072,000/= per annum when fully occupied. Mains Water and electricity are already connected to the property. The property is in good state of repair and decoration.
CONDITIONS OF SALE
- All prospective purchasers are hereby requested to view and verify for themselves all the necessary details pertaining to the above named properties as the same are not warranted either by the Auctioneers or their principals. 2. A deposit of 25 per cent of the purchase price must be paid either by Cash or Bankers Cheque only at the fall of the hammer and balance directly to our principals within thirty (30) days for property no. I (one) and sixty (60) days for property no. 2 (two) from the date of sale. 3. Prospective bidders are hereby requested to obtain a buying number prior to the date of sale by depositing with us a refundable deposit of Kshs. 500,000/= to enable them participate in the sale. Note: There will be no bidding whatsoever without a Bidding number. 4. The sale is subject to a Reserve Price and other necessary consents. 5. Further details herein such as encumbrances, rates e.t.c. can be obtained from our offices while pointing out can be done during normal office hours.