Park n ride plaza: Rooftop restaurant up for auction

The bidding will start at Rs60 per square feet per month.


Our Correspondent September 23, 2014

LAHORE: An open auction of tenancy rights to the highest rooftop restaurant in the city, on the 10th floor of Park N Ride Plaza, Liberty Market, will be held on September 25, at 10am at the LDA Community Centre, New Muslim Town. The restaurant, covering 9,000 square feet, will be auctioned for a period of 10 years. Rent for the first six months has been waived. The bidding will start at Rs60 per square feet per month. The participants have been asked to deposit Rs500,000 at a National Bank of Pakistan booth established at the auction venue. The successful bidder will deposit Rs4 million within a week of the auction. Each participant has to bring along two attested copies of his or her computerised national identity card. Further details to participate in the auction and rent deed can be obtained from the Lahore Development Authority’s deputy director sales and allotments.

Published in The Express Tribune, September 24th, 2014.

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