AUCTION: Parking Site III, Sabzi Mandi, Karachi Lease Rights for 50 Parking Spaces

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Sabzi Mandi Karachi is inviting sealed bids for the open auction of lease rights for Parking Site III, located at the main fruit and vegetable market. This auction is for the lease of 50 parking spaces for the financial year 2022-2023. The department is offering the rights to collect parking fees from these designated spaces, and the successful bidder will be responsible for managing the site as per the terms and conditions set by the authority. Items being auctioned: - Lease rights for Parking Site III (Sabzi Mandi, Karachi), 50 parking spaces, annual reserve price Rs. 4,416,000 The technical scope includes the management and operation of the parking area, ensuring proper fee collection, maintenance of order, and compliance with all relevant regulations. The auction will be conducted as per the rules and regulations of the market committee, and the successful bidder must adhere to all specified requirements. The annual reserve price for the site is set at Rs. 4,416,000, and earnest money equivalent to 10% of the reserve price must be deposited via pay order or CDR at the time of bid submission. Eligible bidders must provide a copy of their CNIC, proof of tax registration, and evidence of previous experience in similar contracts if available. The auction will be held at the office of the Market Committee, Sabzi Mandi Karachi, and bids must be submitted in sealed envelopes by the closing date. The highest bid above the reserve price will be considered for award, subject to approval by the competent authority. Bidders are advised to visit the parking site before the auction date to assess the location and potential revenue. Ensure all documents are complete and earnest money is attached to avoid disqualification. For best results, prepare your bid with a clear understanding of the operational requirements and expected footfall at the site.