The two adjoining plots are situated along Thika Super Highway next to Homeland Inn Lounge and directly opposite Garden City mall, approximately 12kms from the City Centre of Nairobi. Each plot measures 0.1955 of a hectare (0.483 of an acre) approximately. Total 0.391 hectares (0.966 acres). The developments within the two adjoining plots comprise of jointly excavated site developed with foundation columns of proposed high-rise commercial cum residential developments and temporary site office with the lower front section currently utilized as shops. The titles are both leasehold interests each for a term of 99 years with effect from 01.01.1999 at a peppercorn annual ground rent (if demanded). The outstanding land rates against each title as at 18.09.2020 was Kshs 133,842.00. Mains electricity and sewer are available for connection to the two properties. Mains piped water supply is connected to the property.
Please note that anyone intending to bid for the subject property will be required to avail a bidding deposit of Kshs 10 million by way of cash or banker’s cheques before being allowed to bid. Further note that the said Kshs 10 million deposit will be refunded to all unsuccessful bidders but not to the Highest successful bidder.
Sale date: 08.06.2021 Guide Price: 135 million