Kitui Town Nzambani Park Residential Flats Block 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 4. PRIME RESIDENTIAL PROPERTY (BLOCK OF FLATS) IN NZAMBANI PARK, KITUI TOWN (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 600,000).
ON THURSDAY THE 23RD DAY OF FEBRUARY 2017 AT 12.00 NOON OUTSIDE THE MAIN OFFICE IN KITUI TOWN
All that parcel of land known as TITLE NO. KITUI MUNICIPALITY BLOCK III/290 NZAMBANI PARK, KITUI TOWN registered in the name of KENNY MUTHOKA MALUKI g/t STELLAR KAUTHA MUTHOKA & KENNY MUTHOKA MALUKI c/o P.O Box 458-90200 Kitui. The subject property is situated within Diana Estate, about 200 metres from Kitui District Hospital. It is about 100 metres south west of Kitui Resort Club, Kitui Town and is easily identifiable as ‘Nzambani Park’.
It measures approximately 0.093 of a hectare (0.2298 of an acre) and is developed with a five (5) storey block of flats and a single storey house. (i) A five (5) storey block of flats Ground floor: 2No. two-bedroomed flats 1No. three-bedroomed (master en suite) flat 1st& 2nd floors: 2No. two-bedroomed flats 1No. three-bedroomed (master en suite) flat (each flats have rear balcony) 3rd & 4th floors: 2No.two- bedroomed flats (ii) single storey house:- one-bedroomed (en suite) house.
The title is leasehold interest for a term of 99 years w.e.f 01.07.1986 at a revisable annual ground rent of Kshs400. Mains water and electricity services are connected to the property while drainage is into 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 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 5million (by way of banker’s cheque) will be mandatory for property No. 1 & 2 and Kshs1million for property No. 3 & 4. 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
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