AUCTION: Lease Rights of Shop No. 90, Sector 36, Sub-Sector III, Korangi No. 3 1/2, Karachi

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. The Korangi Fisheries Harbour Authority in Karachi is inviting bids for the lease rights of Shop No. 90, located in Sector 36, Sub-Sector III, Korangi No. 3 1/2. This auction provides an opportunity for interested parties to secure a commercial property in a prominent fisheries market area of Karachi. The shop is being offered on an annual lease basis, with a reserve price set for competitive bidding. Items being auctioned: - Lease rights of Shop No. 90, Sector 36, Sub-Sector III, Korangi No. 3 1/2, Karachi (Reserve price: Rs. 1,955,000 per annum) The shop is situated in a busy commercial zone, making it ideal for businesses related to fisheries, seafood, or general trading. The successful bidder will be granted lease rights for the specified period, subject to the terms and conditions outlined by the authority. Bidders must submit earnest money equivalent to 25% of the reserve price in the form of a pay order or demand draft. The auction will be conducted at the office of the Korangi Fisheries Harbour Authority, and all interested parties are encouraged to inspect the property prior to bidding. Eligibility criteria include submission of valid CNIC, proof of financial capability, and compliance with the authority's regulations. The deadline for submission of bids is 10 September 2026. Bids must be submitted in person at the authority's office in sealed envelopes before the closing date. For further details, bidders may contact the office during working hours. A practical tip: Visit the shop location in advance to assess its suitability for your business and clarify any queries with the authority before the auction date. This will help you make an informed bid and avoid last-minute surprises.