Nairobi City Fedha Estate Apartments Block Auction

Nairobi City Fedha Estate Apartments 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 4. PRIME COMMERCIAL-CUM-RESIDENTIAL PROPERTY (BLOCK OF APARTMENTS) IN FEDHA ESTATE, NAIROBI CITY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 1.1MILLION)

ON TUESDAY THE 20TH DAY OF JULY 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. NAIROBI BLOCK 97/32 & 33 OUTERING ROAD, FEDHA ESTATE NAIROBI CITY registered in the name of MOHAMED ABDI OSMAN c/o P.O Box 4127-00506 Nairobi. The two properties are contiguous and developed as one. It is identified as ‘Hamza Apartments’ situated along Outer Ring Road within Eastland’s Fedha Estate approximately 15 kms from the City Centre. It adjoins Total Petrol Station. Each of the two plots extends to 0.0546 of a hectare (0.1349 of an acre) and are jointly developed with a five storeyed block of four (4No.) shops, fourteen (14No.) one-bedroomed flats and forty two (42No.) two-bedroomed flats in 3 wings. Accommodation comprises: WING A: four (4No) shops each having shop area, living room, showeroom cum W.C with washhand basin WING B & C: similar with each having one (1No.) one-bedroomed flat, three (3No.) two-bedroomed flats stairs to 1st, 2nd, 3rd & 4th floors: each of the 4 floors has 3 wings (A, B & C) with each wing accommodating: one (1No.) one-bedroomed flat, three (3No.) twobedroomed flats. Both properties are held on leasehold interest for a term of 99 years w.e.f 01.04.1980 at a revisable annual ground rent of Kshs325. Mains electricity, water and sewer services are connected

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 1million (by way of banker’s cheque) will be mandatory for property No. 1, 3 & 4 & Kshs 10million for property No. 2. 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. 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.

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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