Kenya Power has announced a mass motor vehicle auction exercise to take place in its Nairobi/Ruaraka storage yards.
In a notice released on Tuesday, May 17, the company announced it was auctioning the motor vehicles alongside other items deemed as surplus and unserviceable.
The exercise will kick off on Thursday, June 2, and Friday, June 3, at the Kenya Power Transport Depot Ruaraka Yard near KCA University along Thika Road beginning 10.00 am. The exercise will end on Thursday, June 23, on the same grounds.
"Kenya Power in conjunction with Whitestone and Company Auctioneers shall sell by public auction the under-listed motor vehicles, motorcycles, plant and assorted items at their Nairobi/Ruaraka grounds," read part of the notice.
The types of motor vehicles set for auction include Isuzu trucks, Mitsubishi Fuso lorries, Toyota pick-ups and Double Cabins, Toyota Land Cruisers, Datsun 1200 pick-ups, trailers/ forklifts.
Other items include a large assortment of Yamaha, Honda motorcycles and assorted items such as used vehicles, used batteries, used oil and used spare parts and scrap metals.
Those interested to bid are requested to view and verify the details and conditions of the items for themselves as the same are not warranted by Kenya Power or the auctioneer. The company noted that the items are sold as is where is basis.
Further, interested bidders can access the detailed catalogue from the appointed auctioneer at Whitestone House, 1st floor Industrial Area, Chepkorio Road, off Lusaka Road opposite CMC Motors from the date of advertisement at a non-refundable fee of Ksh500.
The bidders are required to make a refundable deposit of Ksh100,000 for up to three motor vehicles and any assorted items or Ksh10,000 for up to three motorcycles before the auction date to enable one to bid.
"No bidding without a bidding number. The said deposits shall be limited to the purchase of the first three motor vehicles, plant and motorcycles respectively.
"The successful bidders shall deposit 25 per cent of the purchase value at the Kenya Power banking halls and clear the balance within seven days from the date of auction. Failure to complete the payments leads to the deposit being forfeited and the item falls to the second-highest bidders," stated Kenya Power.
The payments to KPLC shall be in form of bankers' cheques or cash made at the Kenya Power banking halls. All bidders will be issued with fiscal receipts.
The sale shall be subject to reserved market price. The successful bidders will be required to collect the items within 14 days from the date of the auction, failure to which the items will be sold to the second-highest bidder.
