Nairobi City Third Parklands Avenue Six Bedroom Bungalow Auction

Nairobi City Third Parklands Avenue Six Bedroom Bungalow 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 7: PRIME RESIDENTIAL/COMMERCIAL PROPERTY IN THIRD PARKLANDS AVENUE, NAIROBI

ON TUESDAY THE 29TH DAY OF NOVEMBER 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 L.R NO. 209/2252/3 NAIROBI registered in the name of RISER INVESTORS LIMITED c/o P.O Box 33928-00600 Nairobi. The property is situated along Third Parklands Avenue approximately 150 metres from its junction with Masari Road and virtually opposite Krishna Plaza. It measures approximately 0.1932 hectares (0.477 acres) and is developed with a six-bedroomed (all en suite) bungalow set in the middle of the plot (with some additions to the front) servant’s quarters and the balance of the plot being used as a car driving school and car servicing areas. The title is leasehold interest for a term of 45 years and 7 months w.e.f 01.04.1975 at a revisable annual rent of Kshs400. Mains water and electricity services are connected while drainage it into the sewer.

NB: That bidders will be required to produce a refundable bidding deposit of Kshs 5million 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 (and ninety (90) days for property No. 9) to the chargee’s advocates. A bidding deposit of Kshs 1million (by way of banker’s cheque) will be mandatory for property No. 4, 5, 6, 8 & 13 and 5million for property No. 7 & 9. 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. For hundreds of other properties, log on to www.garam.co.ke

FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS HERE

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