ASSET FOR SALE
SALE OF A BISCUIT FACTORY IN KWARA STATE BY CLOSED AUCTION

This is to notify the general public that the following asset is hereby offered for sale to interested parties. The asset offered for sale is described below:

AssetBiscuit Factory located on Ajase Ipo Road, Offa Kwara State including all plants, machinery, equipment, cars, furniture and office complex.
TitleCertificate of Occupancy
DescriptionFactory situated at Ijagbo in Oyun Local Government Area of Kwara State covering approximately 10.23 hectares.

BIDDING TERMS AND CONDITIONS:
(i) A competitive bidding process has been adopted for the disposal of the Factory.
(ii) All bids must be in writing and clearly indicate the bid amount and name of bidder.
(iii) Bids must be submitted alongside 10% of the bid amount in certified bank drafts.
(iv) The certified bank drafts of unsuccessful bidders will be refunded (without interest) once the bidding process is concluded.
(v) The bid submission must be made in a sealed envelope with “Bid for Biscuit Factory” inscribed on the top left corner of the envelope.
(vi) The remaining balance of 90% will be secured by a Bank Guarantee from a first class Nigerian Bank which will be submitted alongside the Bid.
(vii) The successful bidder will be required to pay the 90% outstanding balance of the bid price within 45 calendar days of notification as the successful bidder.
(viii) Bids cannot be withdrawn or cancelled once submitted.
(ix) The Factory will be sold on an “as is” basis.
(x) Submission of bids will close at 12pm on 7 October 2019.

For further information and clarification including inspection of the property, please contact the Receiver at the above address and/or further on 08036006699, 08033838528 and sulu-gambari@metrong.com, info@sulugambari.com

This publication and process neither creates any commitment nor establishes any binding or legal obligation on the setter. All costs incurred by prospective buyers as a result of responding to this advertisement and any subsequent request for information shall be to the prospective buyer’s account.

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