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PRIME COMMERCIAL PROPERTY (FIVE - STOREY BUILDING) FOR SALE BY PUBLIC AUCTION SITUATED ALONG TOM MBOYA STREET, NAIROBI CITY COUNTY.

Auction Date

October 11, 2024

Guide Price (KES)

200,000,000

Nairobi

TITLE NO. L.R. NO. 209/1817 -TOM MBOYA STREET, NAIROBI CITY COUNTY.

SITUATION: The property is located along Tom Mboya Street within Nairobi City’s Central Business District. It lies directly opposite Gill House and is sandwiched between Hermes House and Hotel Mercury.

AREA: The plot extends to 0.0312 of a hectare equivalent to 0.07714 of an acre approximately.

TENURE: The title is held on a Leasehold Interest for the remainder of a term of 44 years with effect from 28/10/1998 at an annual rent of Kshs. 84,780/-.

IMPROVEMENTS: DEVELOPED THEREIN IS A FIVE-STOREY RETAIL SHOPS CUM HOTEL BLOCK WITH ONE MEZZANINE LEVEL.

SERVICES: All main services are connected to the property. Surplus water is stored in an underground tank of 60,000.00 litre capacity. Firefighting equipment is provided at each floor level. 24-Hour CCTV surveillance is also provided.