A multi-million five-storey Marcia hotel, located along Mombasa Road, has been put up for auction.
Taifa Auctioneers revealed in an advertisement in local dailies on Tuesday, June 8, that they were acting on instructions from the property’s owner to sell it through public auction.
The hotel, which is close to NextGen Mall and the Airtel Building, is a five-storey structure with restaurants and hotel rooms.
The property, which is owned by Sema Health Products Limited, sits on 0.1214 hectares and is a leasehold interest for 99 years.
“This is a rectangular shaped black cotton soil plot whose boundaries are marked by a perimeter stone wall to 3 sides and dwarf stone wall with metal spikes atop to the front.
“Access is via a double metal grille gate opening into a cabro-paved front compound and a rear double metal gate is provided,” read the notice in part.
The auction exercise is scheduled for July 2, 2021 in Buruburu with interested entrants expected to make a bidding deposit of Ksh2 million.
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