ASSET MANAGEMENT CORPORATION OF NIGERIA (AMCON)
PROPERTIES FOR SALE
DEADLINE: 22ND DECEMBER, 2020
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: www.amcon.com.ng
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 coordinating agent, Osy Kamalu & Associates: 09051331416, 08036274306. Alternatively, they can be downloaded from AMCON’s website www.amcon.com.ng under Asset Disposal – Assets for Sale or requested by emailing amcon.disposals@amcon.com.ng; osykamaluassociates@gmail.com or osykamaluagency@gmail.com
(iii) Bid forms must be submitted alongside 10% of the bid amount in Certified Bank Drafts payable to the Asset Management Corporation of Nigeria or evidence of the transfer of 10% of the bid sum to AMCON via the Remita platform, details of which are provided with the bid forms. Where bank drafts are provided, please note that if 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 bidder 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 can be offered to other buyers.
(vii) Bids cannot be withdrawn or cancelled once submitted.
S/N PROPERTY ADDRESS LOCATION PROPERTY TYPE DESCRIPTION OF PROPERTY 1 Uncompleted filling station and office block along Lagos- Ibadan expressway Lagos Commercial The property is an uncompleted filling station along Lagos-Ibadan expressway. The development on the site consists of administrative block, petrol station, gate house and a generator house. 2 Plot 15 Road 1 Close 1, Federal Housing Estate, Woji Town Port Harcourt Rivers Residential The subject property is a residential on a percel of land located at road 1, close l, plot 15, federal housing estate Woji town, Obi/Akpor local government Area, Rivers State. The development on the site consists of ground floor with a sitting area, kitchen, guest room and upper floor with 4 nos. and 2 nos. balconies. 3 Block 8, Hall Lane Apapa GRA Lagos Lagos Residential The subject property is located at block 8 Hall lane, off Oduduwa street, Apapa GRA Lagos, which consist a block of 6 nos. 2 bedroom flat, with a generator house and a gate house. 4 6 Units of 3-bedroom flat and a gate house located along Okporo Road, Rumuodara Obi/Akpor Local Government Area, Rivers State. Rivers Residential The property is a rectangular in shape, and development on site comprises of 6 Bedroom Detached Duplex, domestic servant quarters, security house and Generator house. 5 7 Parcels within B Close, Arugo Garden Estate, Owerri, Imo State. Imo Bareland The subject property is underdeveloped plots of land located at arungo garden estate, Owerri Imo State. 6 House No 3, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo state. 7 House No 4, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State. 8 House No 5, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State. 9 House No 6, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State. 10 House No 7, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State. 11 House No 8, B Close, Arugo Gardens Estate, Owerri, Imo State. Imo Bareland The subject property is an underdeveloped plot of land located at arungo garden estate, Owerri Imo State. 12 22 Ojekunle Street Papa Ajao Street Mushin, Lagos Lagos Commercial The subject property which is known as Grace of God plaza is located at number 22 ojukunle street junction. The commercial plaza is on two floors with a pent floor and accommodation, with about 68 unit of lockup shops. 13 Ekwu-Apa Moto, Rumuodani- Elelenwo, Obio/ Akpor Local Government Area, Rivers State measuring 2,314.42 sqm Rivers Bareland The plot of the land is situated within a residential /commercial neighbourhood. The site is suitable for the development of residential apartments. 14 115 Pipeline Street Ikotun Lagos Lagos Commercial The development on the site is a warehouse with adjoined building and 3 nos. stores measuring 695.295sqm, the entire site is fenced round with sandcrete blockwall of about 3 meters. It also has a generator house, general toilet etc. 15 Wokson International Company Limited IHC Beaver Dredger 1600 Standard Cutter Delta The dredger is an IHC beaver 1600 dredger known and identified as DD1 4(flotsome 2). It has a length of 22.00m,a width of 8.00m and a depth of about 2.50m with a maximum standard dredge of about 14:00m S/N PROPERTY ADDRESS LOCATION PROPERTY TYPE DESCRIPTION OF PROPERTY 1 No. 44, Ekukinam Street, Utako District, Abuja. FCT Commercial The property is a uncompleted hotel and presently on three floors with a small basement. It is under construction with the following proposed details. About fifty five (55) rooms all ensuite, lobby inclusive of reception, kitchen, dinning /bar, restaurant, laundry. 2 Property Situated At 198, Meiran Road Akitan Village, Lagos State Registered As No. 4 At Page 4 Vol. 60 Lands Registry Lagos Lagos Residential Development on site consists of the following; A block of flats on 2 floors comprising of 4(no) 1 bedroom flat and 1 (no) 2 bedroom flat; A block of flats on 3 floors comprising of 1 (no) lock-up shop on the ground floor, 6(no) 1 bedroom flat and 6(no) 2 bedroom flats. 3 Plot 1195, Bishop Oluwole Street, Victoria Island Lagos. Lagos Residential The property is situated at plot 1195 (no 55), Bishop Olawole Street, VI and is a residential with a predominate commercial /residential neighbourhood. It consist of a ground floor with sitting area, kitchen, guest rooms, guest toilet while the upper floor consist 4 nos. bedrooms 4 Farm Center, Tunga Ward, Near New Secretariat, Minna, Niger State Niger Commercial The property is being used for hotel business with different structures within the premises, is a four standard plot adequately fence. The hotel consist of three floors, Ground floor with about 22 rooms, the First Floor with 23 rooms, and Second floor with 5 rooms. It also has 7 No chalets, central kitchen, cold room, food and beverages office and also Administrative blocks. 5 Plot 467 (No. 8 Fez Street), Off Kumasi Crescent Wuse 2 District Abuja FCT Residential Property is built on a rectangular land with one access route through Kumasi Crescent andwhich took its root from the popular Aminu Kano Crescent, Wuse II, Abuja. Notable land marks within the vicinity are Prive Uptown Restaurant & Lounge, Bantu Studio, Celebrations Cards & Gifts, The Bees Knees School, Commodores Suites, Olatechs and Action Aid amongst others. 6 Plot 22/26 Federal Lowcost Housing Estate, Oft Pankshin Rd, Mangu, Plateau State. Plateau Residential The subject property consist of Hock of 2 nos. 2 bedrooms semi-detached, block of 3 bedrooms semi-detached and 2 nos. servant quarters. 7 C Of 0 No. 027627 Measuing 1.196 Hectres Located In Low Village Via Ofada, Along Mowe- Ofada-Owode Road, Obafemi/Owode LGA Ogun Commercial The property is a factory premises with less than 5% of the 1.196 hectare, site being built up with three structures namely the gate house, the staff canteen and the gate house. 8 Plot 11, Block 46 In Magodo Residential Scheme, Lagos Registered As 5/5/2156 At The Lagos State Land Registry Office, Ikeja Dated 5th January, 2007 Lagos Residential The property is on a mature highbrow mixed use (residential and commercial) neighbourhood of the prestigious magodo estate of Lagos State Government. it was well set back main building, with a bungalow, a front building more like security house and a small swimming pool. 9 Plot C13/10 Afam Close Agbara Industrial Estate Ogun State measuring 20,180 m2 Ogun Bareland The subject property is located at plot C10/10/afam dose road, agabara, ogun satete, afarm close is off agbara-atam road which take source from Lagos-Badagry expressway by ojafa junction. It consist of uncompleted warehouse building which the structures covers about 2.880sqm of the entire land. 10 Hotel Located at No 1 Etegha Close off Adjenughure Street Ekpan Delta Commercial The subject property is a hotel apartment. Development on the site consists of 3 nos. floors with a pent house a bungalows namely Block A, B, C1, C2, and D. The ground floor has conference hall, reception and offices, while first floor has 18nos rooms and second floor has 2nos executive suiteon the pent floor.
SUBMISSION OF BIDS LAGOS:
(i) Bids for properties located in Lagos, Rivers, Ogun, and Delta state, 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
(ii) The deadline for the submission of bids is 12:00 noon Monday, 21st December, 2020.
(iii) All bids submitted in Lagos will be opened at the AMCON office where the bids were submitted at 1:00pm Monday, 21st December, 2020.
SUBMISSION OF BIDS ABUJA:
(i) Bids for properties located in Abuja, Niger and Plateau State must be sealed and submitted in the designated bid box at the following address:
Asset Management Corporation of Nigeria (AMCON)
Plot 417, Tigris Crescent,
Off Aguiyi Ironsi Road,
Maitama Abuja
(i) The deadline for the submission of bids is 10:00am, Tuesday, 22nd December, 2020.
(ii) All bids submitted in Abuja will be opened at the AMCON office where the bids were submitted at 11:00am Tuesday, 22nd December, 2020.
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 Coordinating Agent, Osy Kamalu & Associates – 09051331416; 08036274306 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 website www.amcon.com.ng or email AMCON at amcon.disposals@amcon.com.ng .
SIGNED:
The Secretary, Asset Sale & Negotiation Committee
417, Tigris Crescent Off Aguiyi Ironsi Street,
Maitama, Abuja.
