PRIME RESIDENTIAL PROPERTY (SIX-STOREY BLOCK OF FLATS) FOR SALE BY PUBLIC AUCTION SITUATED WITHIN NGARA – NAIROBI CITY COUNTY.

TITLE NO. L.R. NO. 209/2489/34 RICARD FLATS WITHIN MWANGI RIIKA CRESCENT – NGARA – NAIROBI CITY COUNTY.

SITUATION: The property is located within Mwangi Riika Crescent in Ngara, Nairobi City County. It lies approximately 105 metres off Desai Road, turning right from Thika Road at Muka Plaza.

AREA: The plot extends to 0.0732 of a hectare equivalent to 0.1808 of an acres approximately.

TENURE: The title is held on a Leasehold Interest for the remainder of a term of 50 years with effect from 01/01/2003 at an annual rent of Kshs. 16,500/-.

IMPROVEMENTS: THE PLOT IS DEVELOPED WITH A SIX BLOCK OF FLATS, PROVIDING ACCOMMODATION FOR 1-BEDROOM AND BEDSITTER UNITS. THERE ARE A TOTAL NO. OF 6 NO. ONE-BEDROOM UNITS AND 81 NO. BEDSITTER UNITS.

SERVICES: All main services are connected to the property. Surplus water is stored in an underground 20,000 litre concrete water tank, from where it is pumped to overhead plastic tanks and eventually to various sections of the building.