Petroleum products vendor, Vivo Energy, has put on sale its Nairobi Jogoo Road petrol station land and developments for a reserve price of Sh180 million.
In an ad, Vivo Energy said the 0.6 acre parcel of land would be on sale, but added branding materials would be removed.
It said the winning bidder will be at liberty to continue operating the facility as a petrol station under any other petro reseller’s brand or change use to any other investment.
The fuels and lubricants reseller who recently recorded the highest growth rate in petroleum sales—at 2.6 per cent to tie market share with Kenol Kobil at 18.5per cent—said willing buyers are expected to pay a Sh10,000 fee for bid forms that will be collected at Vivo Energy headquarters in Nairobi between September 1 and 8.
Bidders will have an opportunity to visit the property on September 5th and 6th with applicants given up to September 11 to forward sealed bids.
PAYE Tax Calculator
Note: The results are not exact but very close to the actual.
