Nairobi Embakasi Pipeline Estate Incomplete Commercial Building Auction
Under instructions from our principals, the chargees, in exercise of their statutory power of sale, we shall sell by Public Auction the under mentioned properties and all the improvements erected thereon.
PROPERTY NO 1: SALE ON WEDNESDAY 22ND JUNE, 2016 AS FROM 11:00A.M IN OUR OFFICES AT CPF HOUSE 3RD FLOOR ALONG HAILESELASIE AVENUE NAIROBI.
All that property known as LR. NO. 27903/50 in the name of GEORGE ONER OGAL. It is a freehold interest measuring 0.0290Ha and located approximately 1 Km off Airport North Road at Catherine Ndereba Road turn off and deviating onto the right at Unique Estate and onto the left at the Kenya Builders Industry within Pipeline Estate, Embakasi Nairobi County. Erected thereon is an incomplete and stalled construction commercial cum residential block. Accommodation consist of 2 no. front shops,2 no. rear shops on the ground floor and proposed single rooms on the 1st,2nd,3rd,4th & 5th Floor. Electricity mains is connected to the property. Water is available for connection while foul disposal is into the sewer line
CONDITIONS OF SALE
- All interested bidders are requested to view the properties and verify the details for Themselves as the auctioneers or the chargees do not warrant these. 2. Interested bidders must deposit Kshs. 1,000,000.00 for Property No. 1 & 2 and Kshs. 500,000.00 for Property No. 3 and 4 in CASH OR BANKERS CHEQUE with the auctioneer before being allowed to bid. 3. Sale is subject to a reserve price, and the auctioneer reserves the right to reject any bid without giving any reasons for doing so. 4. Interested bidders are requested to view the properties between 10.00 am and 5.00pm and our office will assist the bidders to point out the properties subject to prior arrangement. 25% of the purchase price must be paid to the auctioneer at the fall of the hammer and the balance to be paid in 30 days for the Property No. 1 & 3 and 60 days for Property No. 2 & 4 to the chargees.
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