Kiambu County Kinoo Prime Commercial Building 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 IN KINOO AREA, KIAMBU COUNTY (WITH MONTHLY RENTAL INCOME OF KSHS 256,000)
ON TUESDAY THE 28TH DAY OF JUNE 2016 AT 11.00 A.M AT OUR OFFICES ON 5TH FLOOR, WESTERN HEIGHTS, KARUNA ROAD WESTLANDS, NAIROBI
All that parcel of land known as TITLE NO. DAGORETTI/KINOO/2860 KINOO AREA, KIAMBU COUNTY registered in the name of GEOFFREY MWATHI KIARIE c/o P.O Box 39791-00623 Nairobi. The subject property lies approximately 180 metres due northest of Disciples of Christ Church-Kinoo and about 225 metres off Nairobi-Nakuru Highway. It is within the neighbourhood of Kinoo Township in Kiambu County and about approximately 16 kms from Nairobi City Centre. It measures approximately 0.051 of a hectare (0.1260 of an acre) and is developed with a four storey residential block of flats having sixteen (16) two-bedroomed units. Accommodation comprises: (i) Ground floor: four (4No.) two-bedroomed flats (ii) first, second & third floors: four (4No.) two-bedroomed flats & a balcony on each floor. The title is freehold interest. Mains electricity and piped water services are connected to the property whereas drainage is into a septic tank and soak pit.
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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