Ongata Rongai Magadi Road Residential Flats 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 1: PRIME RESIDENTIAL PROPERTY (BLOCK OF FLATS) IN ONGATA RONGAI, TOWN (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 1.62 MILLION)
ON TUESDAY THE 3RD DAY OF MAY 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 TITLE NO. NGONG/NGONG/49904 registered in the name of ANNE WANGECHI NGUMBA g/t JOAN PACKAGING LIMITED c/o P.O Box 73915-00200 Nairobi. The subject property is situated approximately 430 metres off Magadi Road and approximately 98 metres north of Maasai Road, within Ongata Rongai area. It is opposite a SDA Church in the area. It is easily identifiable as ‘Karen View Apartments’. It measures approximately 0.093 hectares (0.2298 acres) and is developed with one hundred and forty nine (149) flats with the following accommodation:- one hundred and twenty four (124) bedsitters and twenty five (25) one-bedroomed flats. The title is freehold interest and mains services electricity and piped water are connected while drainage is to septic tank. NB: That bidders will be required to produce a refundable bidding deposit of Kshs5million 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 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 5million (by way of banker’s cheque) will be mandatory for property No. 1 & Kshs 500,000 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.