Laikipia County Nyahururu Two Storey Commercial 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 13: PRIME COMMERCIAL PROPERTY IN NYAHURURU TOWN (WITH MONTHLY RENTAL INCOME OF KSHS 205,000)
ON THURSDAY THE 1ST DAY OF DECEMBER 2016 AT 12.00 NOON OUTSIDE THE MAIN POST OFFICE IN NYAHURURU TOWN
All that parcel of land known as TITLE NO. NYAHURURU MUNICIPALITY BLOCK 4/132 NYAHURURU TOWN, NYANDARUA COUNTY registered in the name of MWATEC ENTERPRISES LIMITED c/o P.O Box 95567-80106 Mombasa. The property is to the Northern Section of Nyahururu Town Centre, Laikipia County. It is located along and to the left of Nyahururu Town Centre Nyeri Road and is adjacent to Laikipia Comfort Hotel. It is easily identified as “MIMA CENTRE”. It measures approximately 0.0435 hectares (0.1075 of an acre) and is developed with a two storey commercial block whose accommodation comprises Ground floor: Eight (8) shops, ladies and gents cloakrooms (ii) Upper floor: three (3) shops, eight (8) offices, gents & ladies cloakroom (approx. plinth area 693 sq. m). The title is leasehold interest for a term of 99 years w.e.f 01.08.1978 at an annual ground rent of Kshs744.00 and mains services are available for connection to the property. Land rates as at 26.10.2016 amount to Kshs139,797. The property has room for expansion upwards.
NB: That bidders will be required to produce a refundable bidding deposit of Kshs 1million by way of cash or bankers cheque before being allowed to bid.
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 (and ninety (90) days for property No. 9) to the chargee’s advocates. A bidding deposit of Kshs 1million (by way of banker’s cheque) will be mandatory for property No. 4, 5, 6, 8 & 13 and 5million for property No. 7 & 9. 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 hundreds of other properties, log on to www.garam.co.ke
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