Westminster Storage and Auction Mart has put 24 cars up for auction, with starting bids as low as Ksh131,000. The announcement, made in a Gazette Notice dated Friday, July 12, gives car owners a strict deadline to reclaim their vehicles.
Ultimatum for Car Owners
The auctioneer has issued an ultimatum to the owners of the vehicles stored in two key locations in Nairobi: Industrial Area and Karen. Specifically, 10 vehicles stored at the auctioneer’s storage facility off Enterprise Road in Industrial Area have been highlighted. Owners of these cars have been given a 21-day window to pick up their vehicles. Failure to do so will result in the cars being auctioned off.
Auction Details
The auction will be held in an effort to recover debts of varying amounts. The notice emphasizes that the auction is a last resort after the owners have failed to settle their debts and reclaim their vehicles. The starting bid for the cars begins at a remarkably low price of Ksh131,000, making it an attractive opportunity for potential buyers looking for affordable vehicles.
Locations of the Vehicles
The properties are located in two different areas:
- Industrial Area: The main storage facility off Enterprise Road.
- Karen: Another key location where some of the vehicles are stored.
Implications for Vehicle Owners
This auction highlights the importance of timely debt repayment and the consequences of neglecting to reclaim stored property. For car owners, this serves as a critical reminder to settle their debts and reclaim their vehicles within the given timeframe to avoid losing them to auction.
Opportunity for Buyers
For prospective buyers, the auction presents a unique opportunity to purchase vehicles at potentially lower prices. Given the starting bid of Ksh131,000, there is significant potential for acquiring vehicles well below market value.
Conclusion
Westminster Storage and Auction Mart’s decision to auction off these vehicles underscores the seriousness of debt recovery efforts. Car owners are urged to act promptly to avoid losing their vehicles, while potential buyers are encouraged to take advantage of this rare opportunity to purchase cars at auction prices.
Bio Foods Products Limited launched its third Sustainability Report in Nairobi, titled Growing Responsibly, Feeding Sustainably. This report outlines the Read more
The United Kingdom government has announced a substantial Sh667 million (USD 5.2 million) fund to help lower borrowing costs and Read more
The African Leather and Leather Products Institute (ALLPI) is set to recognize outstanding talent in the continent's leather industry through Read more
Recent data released by the Central Bank of Kenya (CBK) highlights the shifting dynamics in the Kenyan banking sector, particularly Read more
Nike has announced a partnership with Rescue.co to provide emergency medical services to its athletes across the region. This partnership Read more
The recent seven-week strike by over 30,000 unionized Boeing workers marks a pivotal chapter for the aviation giant and its Read more