Nairobi Runda Vacant Plot For Sale By 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:-
PRIME RESIDENTIAL PROPERTY (VACANT PLOT) IN RUNDA MIMOSA ESTATE, NAIROBI ON TUESDAY THE 29TH DAY OF MARCH 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. NAIROBI/BLOCK 112/5, RUNDA MIMOSA ESTATE, NAIROBI CITY COUNTY registered in the name of VALLEY ROAD MOTORS LIMITED c/o P.O Box 9379-00100 Nairobi. The property is in Runda Mimosa Estate, Nairobi City County. It is situated along and to the left of Mimosa Close, about 450 metres from the junction of the said road and Mimosa Road, about 10 kms North of Nairobi City Centre. It measures approximately 0.2295 hectares (0.5669 acres) and is undeveloped. The title is leasehold interest for a term of 99 years w.e.f 01.01.1989 at an annual peppercorn ground rent. Mains electricity and water services are available for connection while drainage would be into a septic tank. Land rates arrears plus penalties as at 18.01.2016 were Kshs78,891.00.
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.4, 5,6,7,8 & Kshs 5million for property No.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.