Kilifi County Mtwapa Four Storey Residential Building Auction
Under instructions received from our clients the Chargees, we shall sell by public auction the under mentioned property together with buildings and other improvements standing and erected thereon.
PRIME RESIDENTIAL PROPERTY WITHIN MTWAPA TOWNSHIP – KILIFI COUNTY
ON FRIDAY 3rd JUNE 2016 AT 12.00 NOON IN MTWAPA TOWNSHIP NEAR EQUITY BANK LTD
All that property known as L.R N0. MAILAND NORTH/SECTION III/ 3563 (C.R.N0. 36104) MTWAPA TOWNSHIP, KILIFI COUNTY registered in the name of PHYLLIS SUTER. This is a freehold interest within Mtwapa township that lies near the East Gate hotel and directly opposite Hibiscus Lodge Mtwapa and measures approx.0.0437Ha or 0.1080 acres. On the property is an on-going constructions (69% complete) of a four storey residential housing development accommodating:- Two (2) bedroomed self contained housing units within the ground floor, first floor, second floors each and a 3 No. bedroomed unit at the Attic with an expected total monthly rental income of Kshs. 157,000.00 or Kshs.1,884,000.00 annually.
CONDITIONS OF SALE
- All interested purchasers are requested to view the property and verify the details for themselves as these are not warranted by the chargee’s and or the Auctioneers. 2. A deposit of 25% percent MUST be paid in CASH or BANKERS CHEQUE at the fall of the hammer and the balance to be paid within 90 days from the date of the auction to the chargee’s. 3. The sale is subject to a reserve price and necessary consents. 4. All interested purchasers will be required to make a refundable deposit of Kshs. 500,000.00 to get a bid number.
FOR MORE INFORMATION CONTACT TIMELESS DOLPHIN AUCTIONEERS HERE