Foreclosed Apartment/ Land Zimmerman

Foreclosed Apartment/ Land Zimmerman in Zimmerman Estate, Nairobi, is located near Kamiti Road, opposite Monarch Daycare and School. The plot, Title No. Nairobi/Block 116/678, measures approximately 0.0384 hectares (0.0949 acres). It is leasehold for 99 years from December 1, 1991, with an annual ground rent of Kshs. 1,455.

General Property Information

• Property Title: Title No. Nairobi/Block 116/678.
• Location: Situated within Nairobi’s Zimmerman Estate, approximately meters off Kamiti Road, opposite The Monarch Daycare and School.
• Coordinates: (-1.212799, 36.894733).
• Size: The plot measures approximately 0.0384 hectares (0.0949 acres).
• Ownership: Registered in the name of NS GI, P.O. Box 31171, Nairobi.
• Tenure: Leasehold interest for a term of 99 years starting from December 1, 1991.
• Annual Ground Rent: Kshs. 1,455, which is revisable.

Property Features

• Land Use: This is a residential user property.
• Plot Characteristics: Gently sloping rectangular plot with black cotton soils, surrounded by a masonry stone wall.
• Entrance: Accessed via a double leaf metal gate on concrete pillars.
• Building: A three-storey residential building containing 18 two-bedroom flats.

Foreclosed Apartment/ Land Zimmerman

Construction Details

• Walls: Reinforced concrete columns filled with masonry stones, plastered and painted.
• Floors: Reinforced concrete slabs finished with terrazzo or red oxide cement screed, ceramic tiles in bathrooms.
• Roof: Reinforced flat concrete slab with parapet walls or GCI sheets on a timber structure.
• Ceiling: Painted reinforced concrete slab.
• Doors: Solid metal doors for external openings; painted timber flush doors internally.
• Windows: Glazed metal casements with burglar-proof bars.
• Staircase: Reinforced concrete slab finished in terrazzo, fitted with metal balustrades and handrails.

Valuation Information

• Open Market Value: Kshs. 28,000,000 (Kenya Shillings Twenty-Eight Million).
• Breakdown of Values:
  • Developments: Kshs. 18,000,000.
  • Land Value: Not specified but included in the open market value.
• Forced Sale Value: Kshs. 21,000,000 (Kenya Shillings Twenty-One Million).
• Reinstatement Capital Cost for Insurance: Kshs. 16,500,000 (Kenya Shillings Sixteen Million Five Hundred Thousand).

Environmental Considerations

• No environmental issues affecting the use or disposal of the property.
• No visible evidence of contamination or pollution on the property or adjoining areas.
• The property is not on a road reserve, gazetted forest area, or any land designated for public purposes.