Kisumu Milimani Estate Residential Flats Block 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 8. PRIME RESIDENTIAL/COMMERCIAL (BLOCK OF FLATS) PROPERTY IN MILIMANI AREA, KISUMU MUNICIPALITY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 300,000.00)
ON FRIDAY THE 13TH DAY OF MAY 2016 AT 12.00 NOON AT CENTRAL SQUARE NEAR BARCLAYS BANK OF KENYA LTD KISUMU CITY
All that parcel of land known as TITLE NO. KISUMU MUNICIPALITY/ BLOCK 10/24 KISUMU TOWN registered in the name of RANA SHAUKAT ALI WARYAM g/t AL HYDER TRADING CO. LTD c/o P.O Box 9774-40100 Kisumu. The property lies adjacent to M/s Milimani Resort Hotel (St. John Manor), within the high class Milimani Residential area of Kisumu town. It measures approximately 0.038 of a hectare (0.086 of an acre) and is developed with a double storey five-bedroomed residential house and two (2) four-storey blocks of two-bedroomed (all en suite) flats on each floor (total eight (8) flats). There is also car garage (504 sq ft). The title is leasehold interest for a term of 99 years w.e.f 01.08.1958 at a revisable annual ground rent of Kshs136 and mains services are connected.
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.