The sports category has moved to a new website.
ADVERTISEMENT

Section of The Mirage building in Westlands put on auction

The Mirage consists of multi-storey commercial buildings along Waiyaki Way, near Villa Rosa Kempinski.

The Mirage along Waiyaki Way in Westlands

A section of The Mirage property located in Westlands, Nairobi has been put on auction over unpaid debt by Cresta Investments Ltd.

In a notice published in the local dailies on Monday, November 22, Garam Investments announced that the auction was scheduled for December 14, 2021.

The section of the property in question was described as the pent floor executive office complex of Tower Two within The Mirage.

ADVERTISEMENT

The Mirage consists of multi-storey commercial buildings along Waiyaki Way, near Villa Rosa Kempinski.

The title is a leasehold interest for a term of 50 years with effect from 1996 at an annual ground rent of peppercorn.

Where rent is indicated as Peppercorn it means that no rent is payable although the property is leasehold.

Bidders will be required to produce a bidding deposit of Sh1 million by way of cash or bankers cheque before being allowed to bid.

The auctioneer has also announced that a section of Nextgen Mall along Mombasa Road will also be put on the hammer.

ADVERTISEMENT

The property is also registered in the name of Cresta Investments Ltd.

The section that is being auctioned has been described as Pent Office (Unit C) on the first floor of Nextgen Mall.

According to the notice, the office has a rental income of Sh360,000 per month.

The unit had been put on auction in 2020 but it appears no buyer has been able to acquire it just yet.

JOIN OUR PULSE COMMUNITY!

Unblock notifications in browser settings.
ADVERTISEMENT

Eyewitness? Submit your stories now via social or:

Email: news@pulselive.co.ke

Recommended articles

Ruto explains why plane used for the U.S. state visit cost Sh10M & not Sh200M

Ruto explains why plane used for the U.S. state visit cost Sh10M & not Sh200M

KDF sets strict rules on use of aircraft by politicians

KDF sets strict rules on use of aircraft by politicians

Career profile of Haiti's Prime Minister appointed ahead of Kenya Police deployment

Career profile of Haiti's Prime Minister appointed ahead of Kenya Police deployment

KRA raids radio station owned by Governor Abdulswamad Nassir [Video]

KRA raids radio station owned by Governor Abdulswamad Nassir [Video]

Ministry of Education revises half-term dates for Term Two

Ministry of Education revises half-term dates for Term Two

UDA cracks whip on Kuria, Murkomen, Sudi & other leaders to contain growing rift

UDA cracks whip on Kuria, Murkomen, Sudi & other leaders to contain growing rift

KUCCPS considers 5 reasons for inter-university transfer [How To Apply]

KUCCPS considers 5 reasons for inter-university transfer [How To Apply]

Profile of woman who scammed bank CEO millions by invoking Raila's name

Profile of woman who scammed bank CEO millions by invoking Raila's name

KDF officer helps hunt down daughter's fugitive boyfriend after 2 years on the run

KDF officer helps hunt down daughter's fugitive boyfriend after 2 years on the run

ADVERTISEMENT