Korir property puts up Jubilee party building along Thika Road in Pangani area for auction KossyDerrickBlog KossyDerrickEnt

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Monday, August 29, 2022

Korir property puts up Jubilee party building along Thika Road in Pangani area for auction

Information reaching Kossyderrickent has it that Korir property has put up Jubilee party building along Thika Road in Pangani area for auction. 

Korir Property wrote: "• Auction — 13 September 2022
• 7-Storey Commercial Complex along Thika Road in Pangani area
• Set on 0.5626 acres plot on leasehold title
• With two basement floors, penthouse on the rooftop, sentry house and a power house
• Estimated monthly rental income of KSh3 million. 

"Conditions of Sale
• KSh5 million bidding deposit required
• Pay 10 % at the fall of the hammer
• Balance within 90 days."

"All that parcel of land known as LR no 209/1530 Emani Business Centre along Thika Road, Pangani area registered under Farmer Industry Limited, with a plinth area of 34, 000 square feet," part of the auctioneers advertisement reads.

In 2018, the then Jubilee party deputy secretary Caleb Kositany claimed the party was paying about Sh90 million in annual rent for its Pangani headquarters.

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