Kisumu City Kibuye Market Double Storey 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 5: PRIME (UNOCCUPIED) COMMERCIAL PROPERTY IN KISUMU TOWN
ON FRIDAY THE 3RD DAY OF MARCH 2017 AT 12.00 NOON AT CENTRAL SQUARE NEAR BARCLAYS BANK OF KENYA LIMITED KISUMU CITY
All that parcel of land known as TITLE NO. KISUMU MUNICIPALITY/BLOCK 5/55 KISUMU TOWN registered in the name of USHABEN J. SOLANKI and KAJALBEN J. SOLANKI g/t NAND ENTERPRISES c/o P.O Box 3368-40100 Kisumu. The property is situated within Kibuye Commercial Centre close to Winan Resident Magistrate’s Court Kisumu town.
It measures approximately 0.0465 of a hectare (0.116 of an acre) and is developed with a double storey commercial building. Accommodation comprises: Ground Floor:-Open plan space with: clear shop space, built-in counter having shelves, built-in racks, toilets with gentlemen and Ladies W.Cs, built in concrete WC, built in concrete waste room first floor:- clear space (suitable for a supermarket). Total built up area is 10,404 sq ft (966.9 sq. m). The title is leasehold interest for a term of 99 years w.e.f 01.09.1985 at a revisable annual ground rent of Kshs3,000. All mains services are connected to the property. The property is currently unoccupied.
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, 4 & 5. 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.
FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS KENYA HERE