AUCTION: Prime Commercial Properties for Sale in Karachi by Standard Chartered Bank Pakistan Limited

NOTE: This is an AUCTION/LEASE notice, not a procurement tender. Bidders pay the department to acquire ownership, lease, rental, or collection rights. Standard Chartered Bank Pakistan Limited is offering prime commercial properties for sale in Karachi. Interested bidders are invited to submit sealed bids for the following properties: - Korangi Industrial Area: Stand-alone Commercial Land & Building located at Plot No. SC-7, Street-17, Sector-15, Korangi Industrial Area, Korangi, Karachi with approx. 536 Sq. Yard / 6471 Sq. Feet (Net Area) covering Ground, Mezzanine, and First Floor. - SITE Karachi: Showroom / Retail Space at Plot No. B-91, B-2, Sindh Industrial Trade Estate (SITE), Karachi with approx. 4612 Sq. Feet (Net Area) covering Ground, Mezzanine Floor. - Al Rahim Tower: Showroom / Office Space at Plot No. SR-2/11/2/1 and SR-2/11/2/2 Al Rahim Tower, 1.I Chundrigar Road, Karachi with approx. 9821 Sq. Feet (Net Area) covering Ground, Mezzanine, First Floor including Shops No 5,6,7,8,9 Ground Floor, Office No. M5, M6, M7, M8, and Mezzanine Floor Offices No 105, 106, 107, 108 First Floor. The properties shall be sold on an 'As is Where is Basis'. Bidders must submit sealed offers on prescribed templates directly to Head, Corporate Real Estate & Services (CRES), Standard Chartered Bank (Pakistan) Limited, Head Office, Main I.I. Chundrigar Road, Karachi during business hours from 9:00 AM to 6:00 PM, Monday to Friday on or before 25th September 2026. Bids must be accompanied by a pay order equivalent to 0.25% of the offer in favor of Standard Chartered Bank (Pakistan) Limited as bid money along with offer letter and requisite supporting documents. Individual bidders must provide attested copies of CNIC and NTN certificates. Firms or companies must provide attested copies of Incorporation Certificate, NTN certificate, List of Directors/Partners, and latest Form A and Form 29. Sealed bid envelopes will be opened by the bank within 3 working days of receiving bids. Complete bids will be referred to the Board for approval which may take up to 90 days. Unsuccessful bidders will be refunded their token amount within 120 days from bid opening. Successful bidders must sign the Agreement to Sell and deposit further 9.75% of the bid price within 15 days of decision conveyance. Failure to pay will result in forfeiture of bid money and cancellation of bids with right to award to second highest bidder. Successful bidders may examine title deeds by appointment through M/s Savills Pakistan Pvt Ltd. All expenses including registration charges, stamp duty, taxes, municipal and departmental charges, conveyance deed preparation, and advocate fees shall be borne by successful bidders. Sale deed will be executed on 100% fully documented value within 45 days of Agreement to Sell after receipt of balance payment. Possession will be given only after full payment and execution of sale deed. Payments must be made by pay order issued by scheduled bank in favor of SCBPL. Bank reserves right to verify pay orders. Advance tax or other applicable taxes on sale/transfer will be recovered separately from successful bidders. A practical tip for bidders: Ensure all required documents and bid security are complete and submitted on time to avoid disqualification. Early submission is recommended to allow time for any clarifications or corrections.