Kilifi County Tezo Prime Beach Properties Auctions

Kilifi County Tezo Prime Beach Properties Auctions

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 8: PRIME BEACH PROPERTIES (VACANT 20 ACRES) IN TEZO AREA, KILIFI COUNTY

ON MONDAY THE 6TH DAY OF FEBRUARY 2017 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 L.R NOS. 29152 & 29153 (C.R 57634 & 57633) BEACH PROPERTIES-TEZO AREA, KILIFI COUNTY both registered in the name of HENDON HOLDINGS LIMITED c/o P.O Box 85039-80100 Mombasa g/t KAAB INVESTMENTS LIMITED c/o P.O Box 84831-80100 Mombasa. These are adjacent beach parcels located approximately 3.6 kms south east of Tezo Market Centre, Kilifi County. Access to the properties is via a murram road branching off the Malindi-Mombasa highway at Department of Agriculture Tezo. Tezo Market itself, is a nuclear market that lies approximately 50kms due south of Malindi Town on the Malindi-Mombasa Highway.

Parcel No. 29152 measures approximately 3.962 hectares (9.7901 acres) while parcel No. 29153 measures approximately 3.959 hectares (9.7827 acres) and are both undeveloped and front the Indian Ocean. Both titles are held vide leasehold interest for the residue term of 99 years w.e.f 01.07.2000 each at a revisable annual ground rent of Kshs40,000. Mains electricity and piped water services are available for connection while drainage will be to a septic tank.

NB: That bidders will be required to produce a bidding deposit of Kshs 1million by way of cash or bankers cheque before being allowed to bid.

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 10million (by way of banker’s cheque) will be mandatory for property No. 5, 6 & 7 and Kshs1million for property No.4,8,9 & 10. Please note that failure result in forfeiture of all deposits paid (3). For all the aforementioned property, to pay the balance by the confirmed purchaser will 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. For hundreds of other properties, log on to www.garam.co.ke

FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS KENYA HERE

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