Kilifi County Watamu Prime Sea Side Residential Property 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 3. PRIME RESIDENTIAL (SEA SIDE) APARTMENT IN MEDINA PALMS WATAMU, KILIFI COUNTY ON MONDAY THE 9TH DAY OF MAY 2016 AT 12.00 NOON OUTSIDE THE MAIN POST OFFICE IN MOMBASA CITY
All that parcel of land known as APARTMENT NO. 15 ON L.R NO. 28035 MEDINA PALMS WATAMU, KILIFI COUNTY registered in the name of THOMAS KABAKI WAMWEA c/o P.O Box 49222-00100 Nairobi. The entire property (measuring 2.432 hectares (6.009 acres), known as Medina Palms, is situated along Turtle Bay Road, approximately 1.3kms southwest of Gedi-Watatu road in Watamu Area of Kilifi County. It fronts the Indian Ocean. The subject property is Palmerie Apartment No. 15 which is a two-bedroomed (master en suite) situated on the ground floor of Block D. The apartment is in a development of several ocean/beach villas, blocks of apartments & penthouses, restaurants and an administration wing. A common swimming pool, gym, sauna and an entertainment area are provided. Approximate built up area of the subject Apartment is 1,184 sq.ft. Title for the entire plot is leasehold interest for a term of 99 years w.e.f 11.12.2013 at a pettercorn annual ground rent. Mains water and electricity services are connected while foul drainage is into septic tanks and soak pits.
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 Kshs5million (by way of banker’s cheque) will be mandatory for property No.1 & Kshs1million for property Nos.3, 4 & 8. 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.