Kisumu County Nyamasaria Prime Commercial Building 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 6. PRIME COMMERCIAL PROPERTY (BLOCK OF FLATS) IN NYAMASARIA, KISUMU CITY COUNTY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 88,000)
ON FRIDAY THE 20TH DAY OF MAY 2016 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/KASULE/3878,KISUMU CITY COUNTY registered in the name of ABSALOM PETER OCHIENG AYANY c/o P.O Box 105-40100 Kisumu and/or c/o P.O Box 3384-40100 Kisumu. The property is situated within West Nile Court situated about 320 metres off Kisumu-Nairobi Highway branching off to the right just before Nyamasaria Bridge from Kisumu City Centre, about 350 metres south of Nyamasaria market and 3.6 kms from the Kisumu Central Business District in Nyamasaria residential area, Kisumu City County. It measures approximately 0.09 of a hectare (0.22 of an acre) and is developed with a double storey residential block of flats whose accommodation comprises: Ground & first floors:- four (4) two bed roomed flats on each floor (total 8 (eight) flats. The title is freehold interest and mains electricity and piped water supply are connected to the property while drainage is into a septic tank.
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 chequeat 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’s. 1,3&6 while for property no 2 it will be kshs 5 million .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