Nairobi County Embakasi Industrial Property Auction

Nairobi County Embakasi 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 8: PRIME INDUSTRIAL PROPERTY IN EMBAKASI AREA, 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 TITLE NO. 9042/185 (I.R 61582) OFF KABANSORA ROAD EMBAKASI AREA NAIROBI registered in the name of NATHAN LOYD NDUNGU g/t AVO HEALTH EPZ LIMITED c/o P.O Box 19515-00202 Nairobi. The property is situated off Airport North Road 100 metres along the road veering off next to Kabansora Millers, turn left and drive for 450 metres, the turn right next to Crystal Aluminum Works for another 50 metres and then left turn for another 50 metres to the property. The property is next to an unnamed mosque. It measures approximately 0.1092 of a hectare (0.2698 of an acre) and is developed with (i) a double storey administration block: Ground floor:-guard room, reception, account office, changing room, gents/ladies (both visitors and staff), kitchen, generator/power control room first floor: an office, two (2) offices each en suite with cloakroom having W.C, wash hand basin & overhead shower, a store and further two (2) offices (approx. plinth area 3,635 sq.ft.) and (ii) three (3) No. interconnected godowns whose accommodation comprises: packaging space, three (3) cold rooms, office & storage area (approx. plinth area 7,145 sq.ft.). The title is leasehold interest for the residue term of 99 years w.e.f 01.04.1994 at an annual ground rent of Kshs7,200 and mains water, electricity and sewer services are connected. Extra water is stored in an underground masonry and raised metal tanks.

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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