AUCTION: Lease Rights of Bus Stand Shops and Parking, Mirpur AJK

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Azad Government of the State of Jammu & Kashmir is inviting sealed bids for the lease rights of commercial shops and parking at the main bus stand in Mirpur AJK. This auction presents an opportunity for interested parties to acquire the lease for these high-traffic commercial properties for the upcoming financial year. The auction will be conducted as per the schedule and terms outlined in the notice. Items being auctioned: - Lease rights for 6 commercial shops at the main bus stand, Mirpur AJK (annual reserve price: Rs. 1,118,000) - Lease rights for parking area at the main bus stand, Mirpur AJK (annual reserve price: Rs. 1,118,000) The technical scope includes the management and operation of the leased shops and parking area, ensuring compliance with all municipal and legal requirements. The successful bidder will be responsible for maintaining the premises and providing quality services to the public. The lease period, terms, and conditions are detailed in the auction documents available from the office. Eligibility criteria require bidders to submit earnest money equal to 10 percent of the reserve price in the form of CDR or pay order. Bidders must be registered taxpayers and provide valid CNIC copies. The auction will be held on 30 September 2026 at the office of the undersigned, and all interested parties must submit their sealed bids before the deadline. Late submissions will not be entertained. A practical tip for bidders: Visit the bus stand site before bidding to assess the commercial potential and footfall, which can help you make a more informed offer and maximize your investment.