18.5325 ACRES OF PRIME COMMERCIAL VACANT PROPERTY FOR SALE BY PUBLIC AUCTION SITUATED WITHIN KIBOKONI AREA, MALINDI SUB-COUNTY KILIFI COUNTY

TITLE NO. PORTION NO. 11215 (CR NO. 46603), KIBOKONI AREA – MALINDI TOWN, MALINDI SUB-COUNTY, KILIFI COUNTY.

SITUATION: The subject property is located about 220 metres due south of Golf Course Road, next to Kilimandogo Beach Hotel within Kibokoni Area of Malindi Town, Malindi County. The property lies about 1.1 kms due east of Lamu Road, with the turn off about 2.2 kms due north of Malindi Town Centre The property is about 280 metres due south of Malindi Golf Course and about 3.1 kms due north of Malindi Town Centre.

AREA: The plot measures approximately 7.5 hectares or 18.5325 acres.

TENURE: The title is held on a leasehold interest for a term of 99 years with effect from 1st March 1992 at a revisable annual ground rent of Kshs. 88,000/- The ground lease has 72 years to expiry.

IMPROVEMENTS: THE PARCEL IS VACANT.

SERVICES: K.P.L.C Mains supply is available in the neighbourhood for connection to the property. Piped water from the mains is also available in the neighbourhood. Access to the property is off a murram surfaced road. Other infrastructural services are available within the neighbourhood, Malindi Town Centre, Kilifi Town or Mombasa County.