Notices Closed 21 Oct 2016
Auction: Petrol Pump Site on Shahrah‑e‑Faisal, Karachi by Cantonment Board Faisal
Notice advertisement published in Jang on Saturday, 3 October 2026, listed under Karachi, Pakistan. The last date printed on the advertisement was Friday, 21 October 2016 and has passed.
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Issuer: Cantonment Board Faisal (Cantonment Executive Officer). Purpose: Public auction of a petrol pump site located on main Shahrah‑e‑Faisal, Karachi on premium (non‑refundable) and rent basis.
| Item | Details |
|---|---|
| Auction date & time | 2016-10-21 at 11:00 AM (if not held, re‑scheduled on 2016-10-22 at 11:00 AM) |
| Venue | Cantt Board Office, Faisal Cantt |
| Property | Petrol pump site on main Shahrah‑e‑Faisal, Karachi |
| Security for participation | Pay Order of Rs. 10,000,000 in favour of Cantonment Executive Officer, Faisal Cantt |
| Deposit by purchaser | 25% of bid amount at spot; remaining 75% to be deposited within 30 days of Board approval (25% forfeitable if balance not paid) |
| Premium & rent | Auction is for premium (non‑refundable) and rent. Reserve rent indicated as Rs. 40 per sq. ft; premium reserve and starting premium to be announced at the spot. |
| Tenancy term | Initial tenancy period 10 years with possibility of renewal; annual increase in rent minimum 10% |
| Transfer & fees | Tenancy rights not transferable except with Board approval and payment of transfer fee as decided by the Board. Successful bidder to pay all taxes, income tax and government dues. |
| Other conditions | Successful bidder must execute tenancy agreement on stamp paper, submit building plan for approval, arrange utilities and deposits as required, and comply with Board conditions and registration requirements. |
| Contact | Cantonment Executive Officer, Cantt Board Faisal. Phone: 021-99240525-7 |
Interested parties to attend the auction with required Pay Order and be prepared to deposit 25% of the bid at the time of auction. Further details and conditions are available from the Cantonment Executive Officer, Cantt Board Faisal.
Published in Jang on Saturday, 3 October 2026. DailyAds.pk indexes newspaper advertisements; the original notice and the issuing organisation remain the source for final terms and eligibility.
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