Thika Town Five Storey Commercial Building 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 2: PRIME COMMERCIAL PROPERTY IN THIKA TOWN (WITH ESTIMATED MONTHLY RENTAL INCOME OF KSHS 3.1MILLION)
ON TUESDAY THE 28TH DAY OF JUNE 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. 4953/29/IV MAMA NGINACOMMERCIAL STREETS JUNCTION THIKA TOWN, KIAMBU COUNTY registered in the name of HANNAH WAIRIMU MUTURA c/o P.O Box 961-00900 Kiambu. The property is within Thika Town, Kiambu County. It is situated at the junction of Mama Ngina Street and Commercial Street opposite the Thika Arcade. It measures approximately 0.04456 hectares (0.1102 acres) and is developed with a five storied commercial property comprising shops on the ground floor, a bar & restaurant on the first floor and executive guest accommodation to the second, third and fourth floors. Accommodation comprises: (i) ground floor: – five (5No.) shops, one (1No.) shop converted into stalls, ablution block, two (2No.) stores (ii) first floor: staircase landing, hotel reception, restaurant, restaurant terrace facing street below, kitchen with 2No. stores, four (4No.) residential units, bar with store & service counter, ablution block, bar terrace facing street below (iii) second, third & fourth floors: each of these floors is similar and bears similar accommodation as follows:- staircase landing: passage off to fourteen (14No.) executive guest rooms (approx. plinth area 23,601ft 2). The title is leasehold interest for a term of 99 years w.e.f 01.09.1954 at a revisable annual ground rent of Kshs2,147. Piped water, electricity and sewer services are connected into the subject
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 1million (by way of banker’s cheque) will be mandatory for property No. 1, 3 & 4 & Kshs 10million 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. 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.
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