News just in! Egerton University Properties Put on Auction, How to Participate

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Egerton University has announced that it is putting over 70 of its properties on auction.

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In a notice carried in local dailies, the institution of higher learning listed cows valued at Ksh50,000 each, goats and ICT equipment among those up for grabs.

 

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Other properties put on sale include motor vehicle parts, assorted old equipment from catering department, bull camels valued at Ksh80,000 each among others.

 

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The notice further indicated that those interested in participating in the auction exercise can view the properties at Njoro Campus as well as Kenyatta Campus on various dates.

 

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A directional signage for an auction.

Directional signage for an auction.

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File

“Egerton University (EU) in conjunction with Platinum Auctioneers shall sell by Public Auction the under mentioned motor vehicles, spare parts, animals and ICT equipment,” read the notice in part.

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The official auction exercise is expected to kick off on Wednesday, March 9, at Chemeron Field Station in Baringo County.

 

The second round of Auction exercise will take place on Monday, March 14, at Njoro Campus Grounds.

 

How to Participate

 

Those interested in taking part in the exercise are advised to pay a refundable deposit of Ksh50,000 per each motor vehicle and Ksh10,000 for the animals and assorted goods in form of a banker’s cheque at the fall of the harmer in order to obtain a bidding number.

 

The bidders are also advised to carry the deposit receipt on the date of the respective public auction.

After the exercise is completed, the purchasers will also be expected to deposit 25% of the purchase price by the close of business on the auction day into the University’s bank account.

 

The balance will also be expected to be settled within 14 days from the auction date into the same account failure to which the money received including the deposit will be forfeited.

 

“The University and the Auctioneer shall not take any responsibility for the condition or state of the item purchased as each prospective bidder is expected to have viewed the items prior to the auction date. The sale is on ‘as-is-where-is basis’,” added the notice.

 

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