26th January 2025, Kathmandu
NIC Asia Bank Limited has announced the sale of 138 non-banking properties registered under its name. In an official notice published on Sunday, the bank called for sealed bids from interested buyers.
NIC Asia Bank Property Sale
The properties, located in various regions of Nepal, will be sold in their current condition through a confidential bidding process.
Properties Available Across Nepal
The properties up for sale include both land and buildings spread across different parts of Nepal. These non-banking assets, which have been in the bank’s possession, will be sold as-is, with no guarantee of their condition or market value. The bank has made it clear that the sale process will be conducted with transparency, through a sealed-bid auction method. Interested parties will have the opportunity to submit bids confidentially, which ensures fairness in the process.
How to Participate in the Sale
For those interested in acquiring any of the available properties, the process is relatively simple. Individuals, firms, or companies that wish to participate must submit their sealed bids to the bank’s central office. Bids should be delivered to the Loan Recovery Department at Radha Bhawan, Tripureshwar, Kathmandu, within seven days of the notice’s publication. This gives potential buyers a limited window to express interest and make their proposals.
A Significant Opportunity for Investors
This sale presents a unique investment opportunity for those looking to expand their real estate portfolios or acquire properties for commercial or residential purposes. It also provides a chance to access assets in diverse locations across Nepal.
For More Information
Interested bidders can contact NIC Asia Bank directly or visit the bank’s website for more details. The sealed-bid process will ensure a structured and fair competition, giving all participants a transparent opportunity to purchase these valuable assets.
