Nairobi City Fedha Estate Prime 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 2. PRIME RESIDENTIAL PROPERTY (BLOCK OF APARTMENTS) IN FEDHA ESTATE, NAIROBI CITY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 1.1MILLION)
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. 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’ located adjacent to Total Petrol Station to the North along Outering road while being within Fedha Estate in Eastlands area of Nairobi City. Each of the two plots extends to 0.0546 of a hectare (0.1349 of an acre) and are jointly developed with three (3) blocks of apartments with each being five storey high. Accommodation comprises: Block A: four (4No) shops, four (4No.) one-bedroomed apartments and twelve (12No) two-bedroomed apartments Block B & Block C: Five (5No.) one bedroomed apartments and Fifteen (15No.) two- bedroomed apartments on each block. In total the three blocks accommodate four (4 No.) shops, fourteen (14No.) one-bedroomed apartments and forty two (42No.) two-bedroomed apartments. The two titles are each held on leasehold interest for a term of 99 years w.e.f 01.04.1980 at a revisable annual rent of Kshs325. Annual rates amount to Kshs15,980. Mains electricity, water and sewer services are connected. Prospective bidders will be required to pay a mandatory bidding deposit of kshs 5 million ( by way of Bankers Cheque ) before being allowed to take part in the auction.
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