Property

Asset Management Corporation of Nigeria (AMCON) —– Properties for Sale

By August 11, 2016 No Comments

The Asset Management Corporation of Nigeria (AMCON) in fulfilment of its objectives and exercise of its statutory duty of efficiently resolving eligible bank assets purchased from various eligible financial institutions in Nigeria, offers the following properties for sale to interested members of the public Further details of the properties available for sale, can be found on the following website:https://online.amcon.com.ng/disposals
ELIGIBILITY TO PARTICIPATE
To participate in the process, an interested party must meet the following criteria:
(i) Individual / Corporate entity must not be indebted to AMCON:
(ii) Directors of interested companies must not be indebted to AMCON; and
(iii) Individual must not be an AMCON employee, a relative of an AMCON employee or member of the Board of AMCON
BIDDING PROCESS;
(i) A competitive bidding process has been adopted for the disposal of the properties
(ii) Bid forms are available from the relevant sales agent whose contact details are provided in the schedule of properties being offered for sale. Alternatively, they can be downloaded from AMCON’s website https://online.amcon.com.ng/disposals/ or requested by emailing [email protected]
(iii) Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts or evidence of the transfer of 10% of the bid sum to a specified bank account, details of which are provided with the bid forms Please note that where bank drafts are provided and the deposit sum exceeds N10million, multiple certified bank drafts must be provided.
(iv) The bid submission must be made in a sealed envelope with “Bid for Property” inscribed on the top left corner of the envelope.
(v) The Certified Bank drafts and transferred funds of unsuccessful bidders will be refunded once the bidding process is concluded.
(vi) The successful bidders will be required to pay the 90% outstanding balance of the bid price within 15 calendar days of the bid submission deadline, failing which the 10% deposit becomes non-refundable and the property would be offered to other buyers.
(vii) Bids cannot be withdrawn or cancelled once submitted.
SUBMISSION OF BIDS – ABUJA:
(1) Bids for properties located in Abuja must be sealed and submitted in the designated bid box at the following address: Asset Management Corporation of Nigeria (AMCON), No. 417 Tigris Crescent, Off Aguiyi Ironsi Street, Maitama, Abuja
(i) The deadline for the submission of bids is 10:00 am Monday, 29th August, 2016
(ii) All bids submitted in Abuja will be opened at the AMCON Abuja office where the bids were submitted at 11:00am Monday, 29th August, 2016.
SUBMISSION OF BIDS – LAGOS:
(ii) Bids for properties located in Lagos must be sealed and submitted in the designated bid box at the following address:
Asset Management Corporation of Nigeria (AMCON) 67, Marina Street, Lagos Island, Lagos
(iii) The deadline for the submission of bids is 12:00 noon on Wednesday, 31st August, 2016
(iv) All bids submitted in Lagos will be opened at the AMCON Lagos office where the bids were submitted at 1:00 pm Wednesday, 31st August, 2016.
OPENING OF BIDS;
(i) All bidders and / or their representatives are welcome to be present at the bid opening. The highest bid for each property will emerge the winner subject to the highest bid being equal to or above the reserve price. Results will be announced immediately after the conduct of the exercise.
(ii) In the event of a tied bid at the bid opening or where none of the bids match or exceed the reserve price, bidders will be required to submit fresh bids at the bid opening. The outcome of the fresh bid submissions will be announced at the bid opening.
(iii) Conclusion of sale of some properties, due to size, may further be subject to higher authority approval.
PROPERTY INSPECTION
All interested bidders are invited to contact the Sales Agents stated in the schedule above for guided inspections of the properties and enquiries. The properties will be sold on an “as is” basis. For further information and clarification please visit our websitehttps://online.amcon.com.ng/disposals/ or email AMCON at[email protected] .
SIGNED: The Secretary, Asset Sale & Negotiation Committee, Asset Management Corporation of Nigeria, 67, Marina Street, Lagos Island, Lagos
ABUJA PROPERTIES – Contact: Habibu & Co: 08039606711; 08033110271

S/N
PROPERTY ADDRESS
LAND SIZE
PROPERTY DETAILS

Okanje District, Cadastral Zone C13, Abuja
109,000.00sqm.
Residential estate comprising of various uncompleted structures and 2 blocks of 4no 5 bdrm semi-detached duplexes completed.

Plot 1408 Central Area, Olusegun Obasanjo Way, Abuja.
4,161.57 sqm
Bare land

LAGOS PROPERTIES
Contact: Chinedu Ogbogu and Associates: 08077169841
Knight Frank Estate Agency: 08033030380; 08033008377; 08139645060

S/N
PROPERTY ADDRESS
LAND SIZE
PROPERTY DETAILS

Property at Mosheshe Jetty, Aletile Street, off Cardoso Street, Kirikiri, Apapa, Lagos
7,800 sqm
Industrial cement bagging plant with various equipment on site.

Plot 5/7, Amuwo Odofin Park Estate, Ijesha, Oshodi Apapa Expressway, Lagos
1,521.47sqm
Warehouse

Bare land at Matyegun, off Lekki Expressway, Lagos
109,000.00sqm
Bare land

Plot A, Block 113, Lekki Scheme, Lagos
3,652.69 sqm
Bare land

Block J, Plot 63 Road 3 VGC Ikota, Lekki Epe Expressway Lagos

4,165 sqm
Residential property consisting of 5 units of 4 Bdrm terrace houses and 4 Units of 5 bdrm semi-detached houses

Plot 1124, Saka Tinubu Close, Victoria Island, Lagos
400sqm
Private residential property comprising of a one (1) storey building

Plot 13 Emmanuel Keshi Road, Magorio GRA, Shangisha, Lagos
810sqm
Residential property comprising 2 Units of 4 bdrm houses

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