Part of Nextgen Mall which is located along Mombasa Road next to Eka hotel is set to be auctioned in order to recover an undisclosed amount of loan.
The building is owned by Navin Shah and it is managed by Cresta Investments Ltd.
The auctioneer, Garam Investments says that they are targeting unit C of the building.
This unit contains a pent office, three parking bays, accommodation which includes a reception lobby passage, thirteen single room offices, two double room offices, a meeting room, a boardroom, a kitchen fitted with a sink, inbuilt cupboards and private granite worktops.
Public auction is set too happen on February 18th.
The property is situated along Mombasa Road and near Eka Hotel. It is identifiable as Nextgen Mall. The property is conveniently located along the busy Mombasa Highway in South B and within close proximity to the Southern Bypass and the City Centre,Read the notice
With a total of eight floors, 200 retail units, office space, eateries, lounges and a fitness centre, Next Gen mall is said to bring in at least ksh530,000 in terms of rent. This is according to the auctioneer.