Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612474
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹18,90,000
EMD:₹1,89,000
Bid Increment:₹10,000
Auction Time:12:00 Noon to 3.00 PM
Service Provider:Public Auction
Important Dates
Submission Date:2025-11-24
Bid Start Date:2025-11-25
Property Description
A prime commercial property located in Sachin, Surat, Gujarat, up for auction by The Nasik Merchants Co-op Bank Ltd. This asset, previously owned by M/s. Shhlok Enterprises, presents a significant opportunity for business ventures in a thriving commercial hub. The property is ideally situated for various commercial applications, offering excellent visibility and accessibility.
State:Gujarat
City:Surat
Area:Sachin
Asset Category:Commercial
Full Address:Shhlok Arcade, Block No. 292 in T.P. Scheme No. 58 (Bamroli), F.P. No. 135-B, Sub Plot No. 1, Sachin, Magdall Highway, Surat
Building/Society:Shhlok Arcade
Size:7814.39 Sq.mts
Auction Description
The Nasik Merchants Co-op Bank Ltd is conducting a SARFAESI auction for a commercial property in Sachin, Surat. The auction will take place on November 25, 2025, from 12:00 PM to 03:00 PM. The reserve price is INR 18,90,000, with an Earnest Money Deposit (EMD) of INR 1,89,000 required to participate. This is a must-attend event for investors looking to acquire valuable commercial real estate in Gujarat.
Borrower Name:M/s. Shhlok Enterprises
Auction Type:SARFAESI Auction
Guarantor Names:Mr. Sureshkumar Narottamdas Patel, Mr. Ashokkumar Narayandas Patel
Legal Details
Possession Status:Physical
Encumbrance Details:Not Known to Bank
Why This Property
The property is a commercial space in Sachin, Surat, offered at a relatively reasonable reserve price. While the location offers potential, thorough due diligence regarding market conditions and potential returns is recommended. Auction terms appear standard, presenting a moderate-risk investment opportunity.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
