Mombasa County Shimanzi Industrial Property Auction

Mombasa County Shimanzi Industrial 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 NO 6: PRIME INDUSTRIAL PROPERTY IN SHIMANZI MOMBASA COUNTY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 1.2 MILLION)

ON MONDAY THE 6TH DAY OF FEBRUARY 2017 AT 12.00 NOON AT THE OFFICES OF FIVE ELEVEN AUCTIONEERS SITUATED AT GATHECHA HOUSE, ROOM NO. 9, OFF MOI AVENUE, NEXT TO ELEPHANT TUSKS, MOMBASA CITY

All that parcel of land known as TITLE NO. MOMBASA/BLOCK 1/270, SHIMANZI MOMBASA COUNTY registered in the name of MVITA BOTTLERS LIMTED c/o P.O Box 85039-80100 Mombasa and/or c/o P.O Box 90224-80100 Mombasa g/t KAAB INVESTMENTS LIMITED c/o P.O Box 84831-80100 Mombasa. The property is located in Shimanzi area, Mombasa Island at the junction of Beira road and Taveta road. It lies opposite Grain House, Mombasa County.

It measures approximately 0.3739 hectares (0.924 acres) and is developed with attached go-downs cum office building. Accommodation comprises: (a) Office block Section:- Ground floor-Go-down storage space, stairway to first floor: landing, tea room, bathroom with WC, WHB, reception, passage with an access door to terrace beneath go-down, IT & security store, machine store second floor: landing, tea room, bathroom with WC,WHB, passage to five (5) offices, board room with two strong rooms (approx. plinth arears 545 sq m) (b) Main Go-down Section:-section 1-Go-down storage space, two (2) offices Section 2: paper sheeting machine room, a store, two (2) offices, 100,000 litres underground water storage tank (approx. plinth areas 1,417 sq m) (c) two modern Go-downs (d) Store Block Section (approx. plinth areas 350 sq m).

The title is leasehold interest for the residue term of 99 years w.e.f 01.01 1949 at a revisable annual ground rent of Kshs2,840. Mains electricity and piped water are connected to the property while drainage is to a septic tank.

NB: That bidders will be required to produce a bidding deposit of Kshs 10million 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 to the chargee’s advocates. A bidding deposit of Kshs 10million (by way of banker’s cheque) will be mandatory for property No. 5, 6 & 7 and Kshs1million for property No.4,8,9 & 10. 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

FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS KENYA HERE

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