Nairobi West Shopping Centre Hotel Lazinos 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 9: PRIME COMMERCIAL PROPERTY (HOTEL LAZINOS) IN NAIROBI WEST SHOPPING CENTRE (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 3.5MILLION)
ON TUESDAY THE 29TH DAY OF NOVEMBER 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. 37/254/31 (I.R NO. 12628) NAIROBI WEST SHOPPING CENTRE registered in the name of TURITU SERVICE STATION LIMITED c/o P.O Box 961-00900 Kiambu. The property is situated along Gandhi Avenue in Nairobi West Shopping Centre and identifiable as Hotel Lazinos. It measures approximately (0.1791 of an acre) and is developed with a multi-storeyed commercial building. Accommodation comprises Wing
A: Ground Floor:- terrace, reception comprising of Lobby, office and filing/ luggage room with in-built storage units, three (3) shops/salons, generator room, terrace with a road frontage, butchery with timber/glass partitions, bar/ restaurant, a store, washrooms, kitchen with a sink unit, ceramic worktops & in-built cupboards, under-the-staircase kitchen store.
First floor:- bar opening onto a terrace and fitted with a counter and a DJ Booth, washrooms consisting of gents washrooms having a lobby with a wash hand basin, three (3) urinals and a w.c & ladies washroom having a lobby with a wash hand basin and two (2) w.cs, dining room, manager’s office with a cloakroom, three (3) guestrooms each with: entrance lobby, kitchenette with a sink, cupboards and ceramic worktops, bed area, bathroom with a shower, w.c and a wash hand basin second floor:-supervisor’s office, nine (9) guestrooms each opening onto a small balcony and having the following:- entrance lobby with a wash hand basin, kitchenette with a sink, cupboards and ceramic worktops, bed area, bathroom with a shower, w.c and a wash hand basin Wing B: ground floor: long passage, store, six (6) self contained guestrooms First floor: landing, self contained six (6) guestrooms Second floor: landing onto passages, five (5) self contained guestrooms
Third floor: landing onto passages, conference hall, one (1) self contained guest room, five (5) self contained guestrooms with a kitchenette
Fourth floor: landing, passages, nine (9) self contained guestrooms & a kitchenette Pent floor: landing, two (2) self contained rooms, two (2) staff rooms, store with in-built shelves, washrooms with a shower and w.c, laundry area, drying yard (approx plinth area 27,180 sq.ft). The title is leasehold interest for a term of 99 years w.e.f 01.04.1955 at a revisable annual ground rent of Kshs210. Both water and electricity are connected from the mains while drainage is to the main sewer.
NB: That bidders will be required to produce a refundable 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 (and ninety (90) days for property No. 9) to the chargee’s advocates. A bidding deposit of Kshs 1million (by way of banker’s cheque) will be mandatory for property No. 4, 5, 6, 8 & 13 and 5million for property No. 7 & 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. For hundreds of other properties, log on to www.garam.co.ke
FOR MORE AUCTION DETAILS CONTACT GARAM INVESTMENTS AUCTIONEERS HERE