Nakuru Teachers Estate Residential Property For Sale By Public Auction

Nakuru Teachers Estate Residential Property For Sale By Public 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 IN NAKURU TEACHERS ESTATE, NAKURU COUNTY ON THURSDAY THE 7TH DAY OF APRIL 2016 AT 12.00 NOON OUTSIDE STANDARD CHARTERED BANK LIMITED NAKURU TOWN All that parcel of land known as TITLE NO. NAKURU MUNICIPALITY BLOCK 25/14 NAKURU COUNTY registered in the name of DAFRACK CONSTRUCTION & GENERAL SUPPLIES LIMITED c/o P.O Box 14413 Nakuru and/or c/o P.O Box 1200-20100 Nakuru. The property is situated along Crater road and within Nakuru Teachers Estate in Nakuru County. This is approximately 350 metres off Muhoro Road, past Nakuru Primary School and branching off at Natewa Secondary School. Nakuru Teacher’s estate is located off Solai road, branching off at approximately 1.5 kms from the junction with Nakuru-Nairobi highway. It measures approximately 0.08 of a hectare (0.1976 of an acre) and is developed with a single storey three-bedroomed (two-ensuite) house, a self contained staff quarter, and an external ablution block. The title is leasehold interest for a term of 99 years w.e.f 01.08.1988 at a revisable annual ground rent of Kshs170. Mains electricity and water are connected to the property while drainage is to a septic tank and pit latrine.

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 chequeat 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 1million (by way of banker’s cheque) will be mandatory for property No. 2. 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.

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