Africa-Press – Kenya. A prime 5-storey commercial property located in Nairobi’s Upper Hill has been put on auction and is set to be auctioned on Tuesday, November 12, 2024.
The building, Elgon Place, comprises an entrance and egress gatehouses, a basement, ground floor parking lots, receptions, offices, waiting areas, and courtrooms to the ground and mezzanine floors.
The building has a monthly rental income of Ksh5.86 million and contains judges’ ensuite chambers, kitchenettes, boardrooms, Judge’s lounge, and seminar areas.
Registered in the name of Sealink Holdings Limited, the property is provided with 13 pax lifts with a load capacity of 1,000kgs, two staircases/fire escape to the upper level, and fire hydrants situated near the entrance gate.
Other key features are gents’ and ladies’ washrooms on each level, a differently abled washroom on the ground floor, cleaners’ room in the mezzanine level to the pent floor as well as kitchenettes from the first floor to the pent floor.
The water supply is well taken care of as there is an onsite borehole to supplement the Nairobi City County water supply.
A 350KVA standby generator, a basement concrete storage water tank, CCTV surveillance, and 24-hour duo shift security are also provided. All mains services like mains electricity, water, and trunk sewer services are connected to the property.
Water is supplemented with an onsite borehole from where it is pumped to the basement water tank and pumped to the rooftop tanks for reticulation.
The 5-storey property sits on a plot measuring 0.2625 hectares (approximately 0.6486). The title of the plot is a leasehold interest for a term of 99 years registered on September 1, 1994, at an annual revisable rate of Ksh640,800 (revisable).
According to the notice shared by the auctioneer, all intending purchasers are requested to view the property and verify the details.
“A deposit of 10 per cent of the property be paid in cash or banker’s cheque at the fall of a hammer. The balance will thereafter be payable within 90 days to the charge,” added the notice emphasizing a bidding deposit of Ksh5 million cash or way of banker’s cheque will be mandatory.
The subject property identifiable as ‘Elgon Place’ is situated at the junction of Elgon Road and Upper Hill Road.
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