The Bank of Punjab Bop Auction Notice

BOP
THE BANK OF PUNJAB Passim Aeon( OPEN AUCTION OF BANK OWNED PROPERTIES
Interested pardes are invited for purchase of following properties on "AS IS WHERE IS BASIS" owned by The Bank of Punjab
Sr # Property Address Area of Plot Total Covered Area Reserve Price (Rs. in Million) Date Of Auction Time of Auction Place of Auction 1 Open Land (Old Fatima Cotton 89 Kanal - 189.700 Thursday, 11.30 Multan The Bank Factory) at Multan Bahawalpur 19 Marla February (AM) of Punjab, Shoukat Bypass Road, 1.5 KM from Bahawalpur Bypass Chowk, Multan 13, 2014 Commercial Center, Bahawalpur Road, Near Bahawalpur Bypass Chowk 2 Bank of Punjab Plaza (Basement, 444.44 20,300 232.300 Monday, 0300 Islamabad Ground, 1st, 2nd & 3rd Floor) at 4C, F-8 Markaz, Islamabad Sq. Yards Sq ft February 17, 2014 (PM) At Site 3 Ex-BOP Branch premises at - 1987 4.100 Tuesday, 2.00 Gujar Khan 1st floor, Zaman Market, Gujar Khan Sq Ft February 18, 2014 (PM) At Site 4 Bank of Punjab Plaza at 360-A, Small D Ground, People 7 Marla 191 Sft 10,926 Sqft 37.700 Faisalabad Colony, Faisalabad Tuesday, 2.00 Bank of Punjab February (PM) Plaza at 360-A, 5 Plot situated at Officers Colony behind Rafhan Mills Ltd., Canal Bank, Faisalabad 4 Kanal 15 Marla - 47.300 25, 2014 Small D Ground, People Colony
1. Parties interested in bidding are invited to submit Bank Draft/Pay Order/CDR for Rs. 500,000/- in favor of The Bank of Punjab along with copy of CNIC and cell number. 2. Bank Draft/Pay Order/CDR should bearing backside "Property # situated at _" shall be submitted on the date of auction before scheduled time at the place of auction. 3. Other terms & conditions, if any, will be announced before commencement of open bidding. 4. The bidding will start as per above schedule. 5. The successful bidders will be informed of the acceptance of their bids at the spot on provisional basis. 6. Upon issuance of final acceptance letter, 10% of the bid amount shall be paid within 7 days and the balance within 30 days thereof. 7. The successful bidders shall be liable to pay all applicable Federal/Provincial taxes in vogue and expenses on transfer of the plot/shop. B. 10% Advance Income Tax under section 236A is applicable. 9. Bank Draft/Pay Order/CDR will be returned to unsuccessful bidders on the same day. 10. In case of non-fulfillment of any term, Bank Draft/Pay Order/CDR and other payments of successful bidder shall be forfeited in favor of The Bank of Punjab. 11. After receiving the full bid money along with all taxes the bank will transfer the property in the name of successful bidder or in the name of any other person as may be nominated by him in writing. 12. Any or all bids can be rejected by The Bank of Punjab without assigning any reason.
Secretary NBAs Committee The Bank of Punjab, Head Office, 6th Floor, BOP Tower, 10-B, Block E-II, Main Boulevard, Gulberg-Ill, Lahore. Ph # (042) 35783858, 38793700— 10