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AUCTION: General Stand Shops Nos. 30, 31, 42, 48 at Gojra City with Reserve Prices

Tender No: IPL-9116
Expired Tender
Closing Date:
2024-06-26

Tender Description

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Tehsil Municipal Administration Gojra is conducting a public auction for the lease rights of several general stand shops located in Gojra City. Interested parties are invited to participate in the auction, which will be held at the office of the Assistant Commissioner, Gojra, on 26 June 2024 at 11:00 AM. The auction is open to all eligible bidders who wish to acquire the lease rights for these commercial properties for the upcoming financial year. Items being auctioned: - Shop No. 30, General Stand, Size 8x10, Reserve Price PKR 11,550, Security Deposit PKR 50,000 - Shop No. 31, General Stand, Size 8x10, Reserve Price PKR 11,550, Security Deposit PKR 50,000 - Shop No. 42, General Stand, Size 8x10, Reserve Price PKR 10,500, Security Deposit PKR 50,000 - Shop No. 48, General Stand, Size 8x10, Reserve Price PKR 5,200, Security Deposit PKR 50,000 Each shop is offered on an annual lease basis, and the successful bidder will be required to pay the reserve price as the minimum annual rent, along with a security deposit of PKR 50,000 per shop. The shops are all of standard size (8x10 feet) and are situated at the General Stand, a prime commercial location in Gojra. Bidders must bring valid CNIC and the required earnest money in the form of pay order or CDR at the time of auction. The auction will be conducted in accordance with the rules and regulations of the Tehsil Municipal Administration, and the highest bid above the reserve price will be considered for award. For bidders, it is advisable to inspect the shops in advance and clarify any queries with the TMA office before the auction date. Ensure all documents and earnest money are prepared to avoid last-minute issues. Participation in the auction is a good opportunity for those seeking commercial property in a busy area of Gojra.
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