Nairobi Tassia Estate Residential Flats Block Auction

Nairobi Tassia Estate Residential Flats Block 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 3. PRIME RESIDENTIAL PROEPRTY (BLOCK OF FLATS) IN TASSIA, NAIROBI COUNTY (WITH MONTHLY RENTAL INCOME OF KSHS 300,000)

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 TITLE NO. NAIROBI/BLOCK 97/1846, TASSIA OFF OUTER RING ROAD NAIROBI CITY COUNTY registered in the name of ALICE HENRY ONG’AYO c/o P.O Box 318 Kisii g/t HENAT ENTERPRISES LIMITED c/o P.O Box 24448-00100 Nairobi. The property is situated in Tassia Estate approximately 700 metres to the north west of National Oil Petrol Station along Outer Ring Road. It is approximately 200 metres to the south Nyayo Estate, Embakasi and about 12 kms east of Nairobi City Centre, GPO.

It measures approximately 0.048 of a hectare (0.1186 of an acre) and is developed with a block of flats, comprising twenty five (25) units set on a five storey block. Each floor comprises a total of five apartments, two (2No.) of which are two-bedroomed, two (2No.) one-bedroomed and one (1) bedsitter. The title is leasehold interest for the residue term of 99 years w.e.f 01.04.1980 at a revisable annual ground rent of Kshs300.00. Unimproved site value for rating purposes is Kshs14,110 p.a. Outstanding rates as at 04.08.2016 were Kshs46,403.00.

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 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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