Meru Town CBD Four Storey Commercial Building Auction

Meru Town CBD Four Storey Commercial Building Auction

Duly instructed by our principals, the Chargees, we shall sell by Public Auction the property described herein-below together with all the developments and improvements erected thereon:-

ON WEDNESDAY 7TH DECEMBER 2016, AT 1.00 PM OUTSIDE THE MAIN POST OFFICE ALONG KENYATTA HIGHWAY- MERU TOWN

All that leasehold interest parcel of land known as LR. No. Meru Municipality Block 11/268, Meru County measuring approximately 0.0566 Ha or 0.13986 Acres and registered i.n.o of Ntiminyakiru Rural Sacco Ltd P. 0. Box 3213-60200 Meru. The property is situated within Meru Town Center next to the main Bus Stage and is easily identified with United Star Sacco or the Mathai Supermarket Building. Developed thereon is an incomplete four storey Commercial building with a lower ground floor. Mains water and electricity are connected to the property while drainage is to municipal sewer line. Access to the property is via main tarmac road. Tenure is leasehold interest for a term of 99 years, w.e.f. 1.11.1989 at a revisable annual ground rent of Ksh. 3,700/= per annum. The building is let out to be Mathai Supermarket.

CONDITIONS OF SALE

  1. All prospective purchasers are hereby requested to view and verify for themselves all the necessary details pertaining to the above named property as the same are not warranted either by the Auctioneers or their principals. 2. A deposit of 25 per cent of the purchase price must be paid either by Cash or Bankers Cheque only at the fall of the hammer and balance directly to our principals within ninety (90) days from the date of sale.3. Prospective bidders are hereby requested to obtain a buying number prior to the date of sale by depositing with us a refundable deposit of Kshs.1, 000,000/= to enable them participate in the sale. Note: There will be no bidding whatsoever without a Bidding number. 4. The sale is subject to a Reserve Price and other necessary consents. 5. Further details herein such as encumbrances, rates e.t.c. can be obtained from our offices while pointing out can be done during normal office hours.

FOR MORE AUCTION DETAILS CONTACT MUGA AUCTIONEERS & GENERAL MERCHANTS HERE

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