AUCTION: Standard Chartered Bank Commercial Plot No. 6-A, F-7 Markaz Islamabad

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 is inviting bids for the open auction of its prime commercial property, Plot No. 6-A, measuring 711 square yards, located in F-7 Markaz, Islamabad. This is a rare opportunity for investors and commercial entities to acquire a valuable asset in one of Islamabad's most sought-after business districts. The auction will be conducted through the authorized agent, Savills Pakistan (Private) Limited, and all interested parties are encouraged to participate as per the outlined terms and conditions. Items being auctioned: - Commercial Plot No. 6-A, F-7 Markaz, Islamabad (Area: 711 square yards, Plot No. 236K/236A, Reserve Price: Rs. 1,519,300,000) The property is ideally situated in the heart of F-7 Markaz, offering excellent commercial potential and high visibility. The auction will be held at the premises of the Commercial Real Estate Services (CRES), F-7 Markaz, Islamabad, on 25 June 2024 from 09:00 AM to 06:00 PM. Interested bidders must submit their applications along with a pay order or demand draft equivalent to 25 percent of the reserve price as earnest money, made in favor of Standard Chartered Bank. Only individuals, firms, or AOPs registered with FBR and appearing on the Active Taxpayers List (ATL) are eligible to participate. The successful bidder will be required to deposit the remaining amount within 90 days of the auction date. Bidders are advised to thoroughly review the terms and conditions, including the requirement for original CNIC, proof of funds, and compliance with all legal formalities. For further details, contact Savills Pakistan at 051-7808318 or 0346-8286681. A practical tip: Arrive early on the auction day to complete registration and document verification smoothly, as latecomers may face delays or disqualification. This auction represents a significant investment opportunity in Islamabad's commercial real estate market. Ensure all documents and earnest money are prepared in advance to maximize your chances of success.