Nairobi County Embakasi Prime Commercial & Industrial Property Auctions

Nairobi County Embakasi Prime Commercial & Industrial Property Auctions

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 1. PRIME COMMERCIAL/INDUSTRIAL (CONNECTIONS BUSINESS CENTRE/FAHREINHEIT) PROPERTY IN EMBAKASI OFF OUTERING ROAD, NAIROBI COUNTY (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 1.36MILLION)

ON TUESDAY THE 21ST DAY OF FEBRUARY 2017 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. 9042/587 (I.R NO. 72111) OFF OUTERING ROAD EMBAKASI AREA- NAIROBI COUNTY registered in the name of JACKSON MUTUGI MWANGI c/o P.O Box 631-00618 Nairobi. The property is located 190 metres off Outer Ring Road near Regional Hotel within Embakasi, Nairobi County approximately 13.5kms East of Taj shopping Mall, Embakasi.

It measures approximately 0.1614 hectares (0.3988 of an acre) and is developed with part commercial and part industrial building comprising of three (3) blocks: single storey (with mezzanine) block, five storey (commercial cum residential) block with provision for further vertical expansion and a double storey commercial block (first floor has a mezzanine).

Accommodation comprises:- (a) Single storey commercial cum Industrial (with mezzanine) block:- 14 No. shops to the frontage, godown with an office (behind the shops), 21 No. incomplete shops (behind the front shops) with mezzanine floor having proposed commercial spaces (approx. built up area 11,364.29 sq.ft) (b) Five storey commercial/residential block:-

Ground floor: 4 No. shops to the frontage, 1No. large cold room, 2No. stores, staircase lobby

First floor: the floor is occupied by a bar comprising of main drinking area with large counter opening onto the canopy area and connecting to an extra bar in the adjoining block with a shared entrance, VIP mini bar with bathroom comprising of 2No. WC cubicles, 3 No. urinal bowls and 2No. pedestal WHBs., kitchen with serving counter and stainless steel sink unit, office, liquor store, ladies washroom with 4No. WC cubicles and 4No. WHBs, gents washrooms with 3No. WC cubicles, 5No. urinal bowls and 2No. WHBs, enclosed staircase hall second second floor: 12No. lodging rooms with raised floor slab modeled as a bed each en suite with a washroom, 3No. two-bedroomed flats each with sitting room, 2No. bedrooms, kitchen, store and washroom having western WC, overhead shower and WHB, 1No. bedsitter unit with kitchenette and washroom having western WC, overhead shower and WHB, staircase landing third floor: 17 No. lodging rooms with raised floor slab modeled as a bed each en suite with a washroom , 1No. three-bedroomed flat with sitting room, 3 No. bedrooms, kitchen, store and washroom, staircase landing fourth floor: comprises proposed lodging rooms done up to walling stage (approx. built up area 17,446.16 sq.ft) (c) Double storey commercial (with mezzanine) block:- ground floor: entrance to the bars, store next to the bars entrance, 9No. shops, bar with counter, drinking area, store and washrooms, external washroom first floor: passage leading to a drinking area with two counters and a pole dancing area, ladies washroom with 4No. WC cubicles and 3No. pedestal WHBs, gents washroom with 3No. WC cubicles, 6No. urinal bowls and 2No. pedestal WHBs, staircase leading to mezzanine floor Mezzanine floor: this comprises of a drinking area and washrooms directly above those on first floor. Second floor: this floor comprises a big hall (approx. built up area: 16,710.44 sq ft).

The title is leasehold interest for a term of 99 years w.e.f 01.12.1994 at a revisable annual ground rent of Kshs12,400. Electricity and sewer are connected to the property from the mains while water supply is from a borehole.

NB: That bidders will be required to produce a 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 to the chargee’s advocates. A bidding deposit of Kshs 5million (by way of banker’s cheque) will be mandatory for property No. 1 & 2 and Kshs1million for property No. 3 & 4. Please note that failure result in forfeiture of all deposits paid (3). For all the aforementioned property, to pay the balance by the confirmed purchaser will 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 INVESTMENST AUCTIONEERS KENYA HERE

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