Nairobi Buruburu Phase I Estate Residential Property Auction
Duly instructed by our PRINCIPALS, THE CHARGEES, in exercise of their statutory power of sale, in realization of security, we shall sell the under mentioned properties together with all the improvements erected thereon by public auction on:-
ON FRIDAY 29TH APRIL 2016, AT OUR OFFICES AT LEAKEY’S STORAGE LIMITED ALONG – LUNGA LUNGA, INDUSTRIAL AREA NAIROBI – STARTING AT 11.00 A.M. 2. PRIME RESIDENTIAL PROPERTY FOR SALE BY PUBLIC AUCTION LOCATED WITHIN MUSALA COURT, WHICH IS OFF OL POGONI ROAD IN BURUBURU PHASE 1 ESTATE.
All that parcel of land known as L. R. NO. NAIROBI/BLOCK 73/312, BURU BURU PHASE 1, NAIROBI. The property is IDENTIFIABLE AS HOUSE NUMBER 312, is situated within Musala court, which is off Ol Pogoni Road in Buruburu Phase 1 Estate. Tenure is leasehold for 99 years from January 1, 1973 at a revisable annual ground rent of Ksh. 150.00. The plot measures Nought Decimal Nought One Six Six Hectares (0.0166 Ha) approximately. The title is registered in the name of HENRY FWAYA. IMPROVEMENTS: Developed on the plot is a THREE BEDROOM HOUSE AND A STORE. SERVICES: Mains water, electricity and sewer are connected. Estate roads are tar surfaced. USER: Residential
CONDITIONS OF SALE
- All interested purchasers are required to view the properties and verify the details, as these are not warranted by the Auctioneer or our clients. AS SALE WILL BE “ON – AS –IS – WHERE – IS – BASIS”. 2. Interested bidders are required to pay a refundable deposit of KSHS. 100,000.00 FOR EACH PROPERTY to obtain a bidding number and catalogue at the auctioneer’s offices, before the auction date. 3. The declared purchasers MUST deposit 25% of the purchase price by bankers’ cheque by close of business of auction day. The balance will thereafter be payable within thirty (30) days to the Chargees. 4. Sale is subject to reserve prices and necessary consent. 5. Further details and conditions of sale are available on request at our offices and viewing of the properties can be done during normal working hours by prior arrangements with ourselves.