Auction of Shops and Flats at Horizon Plaza Phase-1, Bara Road, Peshawar Cantt

The Military Lands and Cantonments Department Cantonment Board Peshawar is conducting an auction for shops and flats at Horizon Plaza Phase-1 located on Bara Road, Peshawar Cantt. This auction is open to the general public, traders, businessmen, and interested parties. The project involves the construction of a modern commercial plaza with shops and flats, with the construction work expected to be completed within 365 days. The plaza consists of a basement, ground floor, and first floor, with a basement parking capacity of 30 vehicles. Items being procured: - Shop No.01 (438.86 SqFt) - Shop No.02 (383.54 SqFt) - Shop No.03 (383.46 SqFt) - Shop No.04 (303.96 SqFt) - Shop No.05 (520.55 SqFt) - Shop No.06 (502.77 SqFt) - Shop No.07 (485 SqFt) - Shop No.08 (467 SqFt) - Shop No.09 (449.45 SqFt) - Shop No.10 (431.67 SqFt) - Shop No.11 (413.90 SqFt) - Shop No.12 (474.96 SqFt) - Shop No.13 (357.19 SqFt) - Shop No.14 (339.41 SqFt) - Shop No.15 (321.63 SqFt) - Shop No.16 (303.86 SqFt) - Shop No.17 (286.08 SqFt) - Shop No.18 (286.31 SqFt) - Shop No.19 (250.53 SqFt) - Shop No.20 (232.76 SqFt) - Shop No.21 (218.52 SqFt) - Flat No.01 (1048.15 SqFt) - Flat No.02 (782.54 SqFt) - Flat No.03 (920 SqFt) - Flat No.04 (1652 SqFt) - Flat No.05 (1393.45 SqFt) - Flat No.06 (1093.64 SqFt) - Flat No.07 (963.94 SqFt) - Flat No.08 (254.95 SqFt) - Flat No.09 (227.32 SqFt) - Flat No.10 (290.64 SqFt) The auction includes fixed refundable security deposits and monthly rents for each shop and flat, with detailed terms and conditions governing the tenancy agreement. The successful bidder will be required to deposit 40% of the fixed refundable security immediately upon conclusion of the bidding process, with the remaining 60% payable within seven days. The agreement term is ten years, extendable for another ten years subject to approval. The auction will be conducted at the Cantonment Board Office, Captain Abdul Jalil Road, Peshawar Cantt. Eligibility requires bidders to be firms, companies, or individuals able to submit a combined bid for ten flats or twenty-one shops, with preference given to those bidding for both. NTN registration and a copy of CNIC must be submitted with the bid. The successful bidder must also obtain a Structure Stability Certificate from the Engineering Branch of Cantonment Board Peshawar. The auction date is 17 August 2023 at 11:00 AM, with the closing date for submission set as 24 August 2023 at 23:59:59. Bidders should ensure timely submission of their bids to avoid disqualification. The submission address is the Cantonment Board Office, Captain Abdul Jalil Road, Peshawar Cantt. A practical tip for bidders is to carefully review the detailed terms and conditions, especially regarding the deposit schedule and tenancy obligations, to avoid forfeiture of deposits or legal complications. Early preparation of all required documents including NTN, CNIC, and financial guarantees will enhance the chances of a successful bid.