Nairobi Hurlingham Olive Garden Hotel Property Auction

Nairobi Hurlingham Olive Garden Hotel Property Auction

AUCTION DATE: 21ST JUNE 2016

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 4: PRIME COMMERCIAL PROPERTY (OLIVE GARDEN HOTEL) IN HURLINGHAM SHOPPING CENTRE, NAIROBI

ON TUESDAY THE 21ST DAY OF JUNE 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. 209/380/9, OLIVE GARDEN HOTEL ARGWINGS KODHEK ROAD, HURLINGHAM SHOPPING CENTRE, NAIROBI CITY registered in the name of OLIVE GARDEN HOTEL LIMITED c/o P.O Box 3049-00506 Nairobi g/t THE OLIVE GARDEN LTD & TRIPLE EIGHT CONSTRUCTION (K) LTD c/o P.O Box 3049-00506 Nairobi and/or c/o P.O Box 54702-00200 Nairobi. The property is identifiable as “Olive Garden Hotel”, and lies along Argwings Kodhek Road, on the left from City Centre and about 350 metres from Hurlingham Shopping Centre. The property lies about 3.0 kms west of Nairobi City Centre. It measures approximately 0.513 acres (0.2076 of a hectare) and is developed with a four (4) storey stepped hotel building accommodating a medium sized hotel/lodging establishment comprising sixty one (61) tastefully designed and decorated rooms let out on a day to day basis, four (4No.) conference halls of varied sizes, a business centre, dining area and parking space. The establishment comprises of the main hotel building with an underground water tank, generator house and gatehouse with an attached dustbin cubicle. Accommodation comprises: (i) lower ground floor:- flaming social hall, gym, four (4) stores, ablution block with clock room with WC, shower room with an overhead shower unit, ladies & gents changing rooms (ii) Upper Ground Floor:- hotel main reception, visitors waiting lounge, three (3) offices, a hall, The terrace Bar & Restaurant, tuckshop, cateress office, kitchen with steel cooker hood with smoke extractor, stainless steel sink units, wash hand basins, two (2) stores (cold & dry), fourteen (14) self contained guest rooms (iii) first floor:- a hall, five (5) offices, business centre, twenty six (26) self contained guest rooms and Topaz guest room (iv) second floor:- thirteen (13) self contained guest rooms and a further office plus Petunia Guest room (v) Third Floor:- internal hallway, cloakroom with WC (western type) and pedestal WHB, a suite having three (3) offices (one self contained), visitors lounge, kitchenette, a one-bedroomed (en suite) apartment. The title is freehold interest and mains water, 3-phase electricity and sewer services are connected.

NB: That bidders will be required to produce a bidding deposit of Kshs 10million 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 Kshs1million (by way of banker’s cheque) will be mandatory for property No.1, 2, 3 & 5 and Kshs10million for property No. 4. 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 MORE INFORMATION CONTACT GARAM INVESTMENTS AUCTIONEERS KENYA HERE

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