We, DEV RECOVERIES LIMITED under the instruction of INTERNATIONAL COMMERCIAL BANK TANZANIA LIMITED (ICBTL) going to conduct PUBLIC AUCTION of the following LANDED PROPERTY(IES) after 14 (fourteen) days from the date of publication of this NOTICE. The property (ies) are held by the ICBTL as security (ies) against the loan(s) and credit facility (ies) availed by KINGDOM TRADERS LIMITED/ ALIABID RAZAHUSSEIN MAMDANI.
This NOTICE OF PUBLIC AUCTION is also a 14 (fourteen) days’ notice to the borrower/Mortgagor(s)/Guarantor(s) of the loan(s)/credit facility (ies) about the auction sale
DESCRIPTION OF THE PROPERTY (IES) FOR WHICH AUCTION WILL BE CONDUCTED
| NO | NAME OF THE BORROWER/MORTGAGOR | LOCATION AND DETAILS OF THE PROPERTY | DATE, TIME AND VENUE OF AUCTION |
| 1. | M/S KINGDOM TRADERS LIMITED (Borrower /Limited company)ALIABID FtAZAHUSSEIN MAMDANI (Mortgagor) P.O.Box 20719,Dar Es salaam | Commercial /residential property bearing Title no. 186002/7, located on Plot no. 1671/208, Flur II, Morogoro Road, Hata District, Dar Es Salaam. | 26/11/2022 from 12pm. VENUE: Morogoro Road Plot no. 1671/208, Flur II |
The Auction will be held on 26th November 2022. All financially capable and interested Buyers are hereby invited to inspect the property on the following terms and conditions: TERMS AND CONDITIONS;
- The landed property will be sold on “as is where is’, as is what is” and “whatever there is” basis.
- The successful bidder will be required to pay 25% of the Auction price on the same day and the remaining 75% within 14 days.
- All costs of transfer of ownership shall be borne by the successful bidder.
- Inspection of the property (ies) can be done by the interested buyers any day from the day of this advertisement any time after 09.00am.
For further information contact: 0788438640 / 0712390460
