The Development Bank of the Philippines (DPB) is holding an auction for a Commercial Lot (Lot No. 770-C-1) located in Baler, Aurora, on June 8, 2016. Auction proper starts 2 p.m. at the OPS Conference Room, 6F DBP Head Office Bldg., Sen. Gil Puyat Ave. corner Makati Ave., Makati City.
Lot No. 770-C-1, classified as a Commercial Lot, measures 2,424 square meters with a total area of 3,750 square meters. It is located on Quezon Street, along the National Road, in Barangay Suklayin, Baler, Aurora. Minimum bid price is set at P29.088 million.
Interested bidders may secure the bid documents and list of requirements between May 23 and June 7, 2016 at the PSM Office, located at the 6th floor of DBP Head Office Building (see the address above). Ocular inspections of the property may be scheduled from 9:00 a.m. to 2:00 p.m. from June 1 to 4, 2016.
Bidders are required to submit a bid bond in cash, cashier's check, or manager's check equal to 10% of the bid offer. The check has to be payable to the "Development Bank of the Philippines"and duly issued by a bank authorized by the Bangko Sentral ng Pilinas. The bank must also have a head office located in Metro Manila. DBP will not accept post-dated checks, local checks drawn in any provincial or rural bank, or a check issued by foreign banks outside of Metro Manila.
Bidders should note that the lot is on auction on an "as is, where is" basis. DBP is welcome to direct buyers only and reserves the right to reject any or all bids, to waive any formality therein, or to accept such bids as may be considered most advantageous to the bank.
For inquiries, call the Disposal Committee Secretariat at 818-9511 loc. 2674.