The property is situated in Mavueni / Muskitini area, about 1.1 kms off and to the east of Kilifi – Mombasa tarmac road, branching off to the left at Muskitini, Mavueni, a short distance before Milele Funeral Home, within Kilifi County.

Access to the property from Kilifi Town is via the Kilifi – Mombasa tarmac road upto Mavueni Market Centre (at the junction to Kaloleni), then
proceed further upto Muskitini, Mavueni, a short distance before Milele Funeral Home, then branch off to the left, eastwards onto a murram road and proceed for about 300 metres then branch to the right and proceed for about 700 metres, then branch to the left and proceed for about 130 metres to the property which fronts this access road.

TITEE: TENURE
The title is held on a Freehold Interest (Absolute Proprietorship) and is registered at the Kilifi County Land Registry under the Registered Land Act, Cap 300, Laws of Kenya (now repealed and replaced with the Land Registration Act, NO.3 of 2012).

ENCUMBRANCES

Nil, none are registered against the title.

AREA

The land extends to ONE DECIMAL TWO (1.2) Hectares, an equivalent of approximately 2.96 Acres.

THE LAND

This is a rectangular shaped mixed clay, sandy and coral soils land with a level gradient at the northern section along the road frontage and gentle then steep slope as you descent towards the river on the south section. The homestead compound located on the northern section of the land is well demarcated, leveled, terraced and planted with well maintained assorted shade trees and flowers.

The entrance to the homestead compound is via a double lockable metal plate gate, opening onto a driveway leading to a small decorated roundabout next to the verandah of the main house and then to the car parking house near the gate.

The outer boundaries for the whole land and/or homestead compound are fenced with barbed / chainlink wire on timber posts reinforced with live hedges / mature trees.

SERVICES

• Mains water and electricity are connected to the property.
• Drainage and waste disposal is into a septic tank and soak pit within the compound.
• Other urban amenities are readily available within Kilifi Town, which is about 10 kms away.
• The immediate access road from the main Kilifi – Mombasa tarmac road is of murram / earth surfaced.

USER: Residential.

GENERAL DESCRIPTION
The developments in the homestead compound comprises of the following:

• A Four (4) bedroomed, makuti thatched spacious and luxurious BUNGALOW SERVANTS QUARTERS
• Car park for two cars
• Swimming pool
• Several siteworks within the compound
• Ceilings:- The ceilings are lined with painted softboards panels.
• Roof:- The roof is of Makuti thatched on timber trusses.
• Doors:- The external doors are of t&g hardwood matchboarded double leaf panels reinforced with solid steel grilles doors while the internal ones are of hardwood single leaf panels.
• Walls:- The walls are constructed of coral stones, internally smooth plastered and painted, externally tyrolean rendered and colourwashed. The wall surfaces in the wet core areas are lined with ceramic tiles to dado levels.
• Floors:- The floors are of concrete slabs finished either with polished galana slabs and ceramic tiles to the main areas or terrazzo to some areas.
• Windows:- The windows are of glazed louvers in wooden frames with horizontal metal bars or steel grilles covered with mosquito proof nets.

ACCOMMODATION
The Bungalow comprises of the following:-

• Entrance verandah
• Entrance hall
• Circulation passages; to either the western or eastern wings;

EASTERN WING having;

• KITCHEN, fitted with double stainless sink unit, with ceramic faced worktops with underneath cupboards, overhead shelves,built in gas cylinder cabinet and with attached STORE

DINING AREA / RECESS

• Step down spacious living room; with inbuilt bar counter
• washing area, with a door to the swimming pool

WESTERN WING having;

• BEDROOM 1; with built in wardrobes and ensuite with a spacious shower room fitted with shower, WC and WHB
• BEDROOM 2; with built in wardrobes and ensuite with a shower room shared with Bedroom 3 and fitted with shower, WC and WHB
• BEDROOM 4; with built in wardrobes and ensuite with shower room shared with
• MASTER BEDROOM; with built in wardrobes and ensuite with dressing area and shower room fitted with shower, WC and WHB

Built up area: 6,170 sq ft Approximately

THE SERVANTS QUARTERS

It is located near the entrance gate, on the left hand side and its construction details are as follows:-

• Walls:- The walls are of coral stones, internally plastered and painted, externally rendered and colour washed.
• Roof:- The roof is of mono-pitched timber trusses, covered with gci sheets.
• Ceilings:- The ceilings are left open.
• Floors:- The floors are finished in cement screeds throughout.
• Doors: The doors are of timber match-boarded types.
• Windows: The windows are of glass louvers in wooden frames.

Accommodation;

The Servants Quarters comprises of:-

• Common circulation verandah
• Four (4) room
• Kitchenette, fitted with a sink
• shower room, fitted with WC and SHOWER

It measures 580 sq ft.

CAR PARK

The car park is also near the entrance gate and is of similar construction details as the servants quarters above.

It accommodates two cars at the front and open garage at the rear.

It measures 1,120 sq ft.

SWIMMING POOL

• It is located at the rear of the main house and is rectangular shaped.
• It measures 36 feet by 22 feet with 3 feet level to 7 feet deep at the end.
• It is laid with ceramic tiles all through and with galana slabs along the edges and the surrounds.

SITEWORKS

The siteworks comprises of makuti thatched store measuring 100 sq ft, and several terraced concreted landscapings within the homestead compound. The building is occupied by the registered owner and her family.

The buildings are in a good state of repairs and  maintenance.

This is a prime residential property developed with a large luxurious and spacious four (4) bedroomed makuti thatched Bungalow, located a few metres from the Kilifi – Mombasa tarmac road and overlooking a river and within the poplar and fast growing Mavueni Trading Centre on the outskirts of Kilifi Town where demand for land and developed properties for sale purposes is very high and steadily growing.

The building can easily be converted and used as Hotel, Holiday home or Villas / Cottages, which are popular in the area as evidenced in the neighborhood.

The Firm and the Valuer have no interest in the property and / or any relationship with the registered owner.

BASIS OF VALUATION

In arriving at our valuation below, for the value of the land, we relied on the comparable sales approach, whereby we analysed and adjusted recent and past sales data of comparable parcels of land accordingly and for the value of the developments, we relied on the depreciated replacement cost method whereby we analysed the current costs of constructing similar buildings then depreciated it accordingly.

The two values were then added together to arrive at the value for the property.

Valuation: We value the above property (TITLE NUMBER: KILIFI / VIPINGO / 274 – MAVUENI) as at 16″ December, 2022. as follows:-

Current Market Value – Kshs. 27,500,000/00

Made up as follows:

Land – Kshs. 7,500,000/00

Developments & Site works – Kshs. 20,000,000/00

Total Kshs. 27,500,000/00

(KENYA SHILLINGS TWENTY SEVEN MILLION
FIVE HUNDRED THOUSAND ONLY)