Foreclosed Land Konza

Foreclosed Land Konza. This foreclosed agricultural land in Konza, L.R. No. Kajiado/Kaputiei-North/47469, spans 0.74 hectares (1.83 acres). Located near Konza Technopolis and the S.G.R., it has mixed sandy and black cotton soils. Valued at Kshs. 2,600,000, it’s freehold with no structural developments, offering potential for agricultural or investment purposes.

1. Property Overview

• Property Name: L.R. No. Kajiado/Kaputiei-North/47469
• Location: Il-Polosat Area, Konza, Kajiado East Sub-County, Kajiado County
• Registered Owner: Hannah Waithira Njenga
• Size: 0.7400 hectares (1.83 acres)
• Tenure: Freehold interest
• Valuation Date: 7th May, 2024

2. GPS Coordinates

• Latitude: 1°43’52.7” South
• Longitude: 37°05’42.7” East

3. Location Details

• The property is located about:
  • 135 meters south of Diamond Property Merchants (Konza Greens)
  • 1.40 km off Musunku Road
  • 9.0 km northwest of Konza Trading Centre
  • Nearby landmarks: Standard Gauge Railway (S.G.R) Line Crossing Bridge, Konza Technopolis site
• Access Roads: Immediate access road is unmade and earth-surfaced.

4. Foreclosed Land Konza Property Description

• Type of Property: Agricultural land
• Topography: Rectangular shape, fairly level gradient
• Soil Type: Mixed sandy and black cotton soils
• Current Condition: Uncultivated with savanna vegetation, comprising shrubs and natural grass
• Improvements: No structural developments on the land

5. Valuation

• Market Value: Kshs. 2,600,000 (Kenya Shillings Two Million Six Hundred Thousand)
• Replacement Value (Insurable Interest): Kshs. NIL
• Forced Sale Value: Kshs. 1,950,000 (Kenya Shillings One Million Nine Hundred and Fifty Thousand)

6. Encumbrances

• Charges:
  • Charge dated 24th Nov 2021 in favor of Solution Savings & Credit Co-operative Society Limited to secure Kshs. 800,000
  • Further charge dated 28th Dec 2022 to secure Kshs. 2,000,000

7. Foreclosed Land Konza Services and Infrastructure

• Electricity: Not connected
• Water: Not connected, but available from locally sunk community boreholes
• Drainage: Mainly into pit latrines
• Social, Economic, Educational, and Religious facilities: Available in the larger neighborhood

8. Remarks

• The area is characterized by scattered rural homes and agricultural parcels.
• Increasing demand for land due to proximity to S.G.R, Konza Technopolis, and proposed road upgrades.
• The land is not designated as a matrimonial home, though confirmation should be sought from the owner regarding matrimonial status.

9. Legal Notes

• Environmental Status: No visible signs of contamination or pollution.
• Spousal Consent: The Land Act 2012 requires spousal consent for dealing with matrimonial property.
• Valuation Conditions: Forced sale value is computed at 75% of the open market value.