Property Type:
Location:
Auction Date:Auction Details
Recommendation:Calculated OpportunityScore: 6.8
Auction ID:612481
Bank Name:The Nasik Merchants Co-op Bank Ltd
Branch Name:Satpur, Nashik
Reserve Price:₹11,70,000
EMD:₹1,17,000
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. This asset offers a strategic location within a developing commercial hub, presenting excellent potential for various business ventures. The property is being auctioned by The Nasik Merchants Co-op Bank Ltd.
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, 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 valuable 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 ₹11,70,000 with an Earnest Money Deposit (EMD) of ₹1,17,000. This is a significant opportunity for investors and businesses looking to acquire a commercial asset 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:There are no encumbrances to the knowledge of the Bank
Why This Property
Located in Sachin, Surat, the property offers potential, although the reserve price requires careful market analysis. The commercial shop's location on Magdall Highway presents opportunities for business ventures, but bidders should assess the long-term market conditions. Auction terms are standard, emphasizing the need for thorough due diligence.
Contact Details
Branch:Branch Office : Satpur, Nashik
Service Provider:Public Auction
Contact Details:
Ajit Rokade
Contact no:9850009666
