AUCTION: Lease Rights of 66 Shops, XXI Commercial Market, 8th Bazar, Saddar, Karachi
Tender No: 1103
Expired Tender
Closing Date:
2024-06-22
2024-06-22
Tender Overview
- Category
- Real Estate & Property
- Sector
- Auction
- Tender Type
- Auction
- Procurement Method
- Open Auction
- Submission Method
- In person at the office of 8th Bazar, Saddar, Karachi Cantonment Board
- Source Name
- Newspaper
Location & Dates
Contact & Websites
- Contact Person
- Munshi ur Rehman
Actions
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Tender Document
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.
The 8th Bazar, Saddar, Karachi Cantonment Board is inviting interested parties to participate in the open auction for the lease rights of 66 shops located in XXI Commercial Market, 8th Bazar, Saddar, Karachi. This auction is being conducted under the supervision of the Board as per the terms and conditions outlined in the notice. The auction will take place on 22-06-2024 at 2:00 PM at the office of the 8th Bazar, Saddar, Karachi Cantonment Board.
Items being auctioned:
- 66 shops in XXI Commercial Market, 8th Bazar, Saddar, Karachi (details of each shop, including shop numbers and sizes, are available in the auction documents)
The shops are being offered on a lease basis, and the successful bidders will be granted lease rights as per the Board's regulations. The auction is open to all eligible individuals and firms. Interested parties must submit a pay order of 25% of the reserve price as earnest money to participate in the auction. The remaining amount must be paid as per the schedule provided by the Board. The auction will be conducted in accordance with the rules and regulations of the Karachi Cantonment Board, and all participants are required to comply with the terms and conditions specified in the auction notice.
Eligibility criteria include submission of valid CNIC, proof of financial capability, and compliance with the Board's requirements. The auction documents, including detailed terms and shop lists, can be obtained from the office during working hours. The deadline for submission of earnest money and participation documents is 18-06-2024. The auction will be held at the Board's office, and all interested parties are advised to arrive on time.
A practical tip for bidders: Carefully review the shop sizes, locations, and reserve prices in the auction documents before participating, and ensure your earnest money pay order is prepared in advance to avoid last-minute issues.