Nakuru County Shabab Estate Frawasco Lodge Auction

Nakuru County Shabab Estate Frawasco Lodge 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 (FRAWASO LODGE) IN SHABAB ESTATE, NAKURU TOWN (ESTIMATED MONTHLY RENT/INCOME KSH.500,000)

ON THURSDAY THE 9TH DAY OF MARCH 2017 AT 12.00 NOON OUTSIDE STANDARD CHARTERED BANK LTD NAKURU TOWN

All that parcel of land known as TITLE NO. NAKURU MUNICIPALITY BLOCK 3/427 SHABAB ESTATE, NAKURU TOWN registered in the name of SOUTHKNIGHT LIMITED c/o P.O Box 43528-80100 Mombasa and/or c/o P.O Box 13075-20100 Nakuru. The subject property is situated along John Momanyi road off Mariakani road within Shabaab residential estate in Nakuru municipality. It is opposite Bells Lodge. It measures approximately 0.0297 hectares (0.0733 of an acre) and is developed with a four-storey commercial building comprising lodging rooms, butchery, restaurant and bar. Accommodation:- (i) ground floor: bar room with a counter, three (3) single none-self lodging rooms, one (1) lodging room with W.C, overhead shower and W.H.B, butchery, two (2) separate toilets with W.C, kitchen, urinal with W.H.B, small generator room (ii) first floor: two (2) lodging rooms each with W.C, overhead shower and W.H.B, two (2) single none-self lodging rooms, one bedroom (en suite), restaurant with counter, two (2) separate toilets, urinal with W.H.B (iii) second floor: two (2) lodging rooms with W.C, overhead shower and W.H.B each, two (2) double lodging rooms, eight (8) single lodging rooms, two (2) separate shower rooms, two (2) separate W.Cs with W. H.B (iv) Third floor: three (3) store rooms, one (1) lodging rooms with W.C, overhead shower and W.H.B, double lodging room, vacant room used as store, separate toilet with W.C, four (4) single lodging rooms, balcony with linen lines/ court (approx. plinth area 1,188 sq m of 12,783 sq. ft). The title is leasehold interest for a term of 99 years w.e.f 01.05.1976 at a revisable annual ground rent of Kshs180 p.a. Mains electricity and water are connected to the property while drainage disposal is into sewer. Outstanding rates as at 02.11.2016 were Kshs 8,835.

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 & Sixty (60) days for property No. 6. A bidding deposit of Kshs 5million (by way of banker’s cheque) will be mandatory for property No. 1 and Kshs1million for property No. 2, 3, 6, 8 & 9. 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 INVESTMENTS AUCTIONEERS KENYA HERE

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