Commercial Land for Sale in Kimbe

The total land size is 11,454 square metres and is an exceptionally rare opportunity to tender for land of this size and location

LOT 7:
• 1 x 3 Bedroom High Set Residence
• Land area of 2743m2
• Zoned for Business/Light Industrial use
• Lease began on 1st February 1996 and lasts for 99 years
• 90m2 Residence
• Land rates K1,936 P/A
• Income – K44,400 (Gross) P/A

LOT 8:
• Previously known as “Bayside Inn”
• Land area of 5740m2
• Zoned for Business/Light Industrial use
• Lease began on 1st May 1975 and lasts for 99 years
• Land rates K862.50 P/A

LOT 9:
• 3 x 2 Bedroom High Set Residences
• Land area of 2971m2
• Zoned for Business/Light Industrial use
• Lease began on 14th March 1991 and lasts for 99 years
• 69m2 Per Residence
• Land rates K2,700.00 P/A
• Income – K148,200 (Gross) P/A

TENDER CLOSING:
• 4.00pm 28th of April 2023

SUBMISSION:
• Tenders are to be delivered (6th office) or sent by registered mail
• Fax & Email offers will not be considered
• Tender (KIMBE S7)
• PO Box 118, Lae, Morobe Province 0411 PNG

REQUIREMENTS:
• Only tenders completed on a full Arthur Strachan Tender Form (astenderform2019) with supporting financial documents (letter from a registered PNG Financial Institution) will be considered. Tender form can be downloaded here: https://www.arthurstrachan.com.pg/front/files/astenderform2019.pdf
• The contracts of sale will be unconditional and "as is where is".