Machakos County Kamulu Prime Institutional Property 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 3: PRIME INSTITUTIONAL PROPERTY (KAMULU ACADEMY) IN KAMULU AREA, MACHAKOS DISTRICT (5 ACRES) ON TUESDAY THE 17TH DAY OF MAY 2016 AT 11.00 A.M AT OUR OFFICES ON 5TH FLOOR, WESTERN HEIGHTS, KARUNA ROAD WESTLANDS, NAIROBI
All that parcel of land known as TITLE NO. MAVOKO TOWN BLOCK 12/326 KAMULU AREA MACHAKOS COUNTY registered in the name of KAMULU ACADEMY LIMITED C/O P.O Box 50718 – 00200 Nairobi.
This property commonly known as “Kamulu Academy” is situated about 2.3kilometres due south of Nairobi-Kangundo Road and about 10 kilometres from Ruai Shopping Centre in Kamulu Area, Machakos District. It measures approximately 2.00 hectares (5 acres) and is developed with an (i) administration block with 5No. offices, 10No. class rooms and 4No. Dormitories, (ii) dining hall comprising a kitchen and two stores (iii) Staff Quarters comprising a two-bedroomed unit and five (5No.) spacious single rooms (iv) Ablution Block comprising 12No. WCs shower rooms. The title is freehold interest and main services are available for connection.
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