EURO

Tender for Sale of Mortaged Property

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EURO VISTAA (TANZANIA) LIMITED (UNDER RECEIVERSHIP)

NOTICE OF APPOINTMENT OF JOINT RECEIVERS/MANAGERS AND

INVITATITON FOR SEALED BIDS

FOR SALE OF MORTGAGED PROPERTY

Notice is hereby given to the general public that I, DANIEL B. WELWEL of ASYLA ATTORNEYS, was appointed by TiB Development Bank Limited (“TIB”) to be a Receiver and Manager of EURO VISTAA (TANZANIA) LIMITED (“the Company”). My appointment is pursuant to the powers contained in the Debenture Deed dated 24th January 2008 and Mortgage dated 28th January, 2014. All properties of the Company are charged in favour of TIB to secure credit facilities utilized by the Company which remains in default.

In the exercise of my powers under the Debenture and the Mortgage and by virtue of instructions given to me by TIB, have taken over the legal and physical possession of the Company.

In the exercise of the aforesaid powers and under every other powers enabling me, 1, Daniel B. Welwel the Receiver and Manager advertise for sale and invite interested investors wishing to invest in large scale farming to purchase the properties now under my possession namely:

(a) Farm No.6712 located at Kilimani Village along Mkongo Kilimani road in Ruf1ji District containing 1,301 Hectares held by’ the Company under TIC Leasehold title with Certificate of Title No. 127613/1.The farm is virgin and un-cleared.

(b) CAT Bulldozers D8 (2pcs) CAT Bulldozer D9 (1pc); Heavy duty Excavator.

(c) Canter-truck; tractors (MF HD3; MF Medium; & Farm Track) & disc plough and other accessories including combine harvesters, grain-drier, harrows, planters, seed mixer, maize processing plant, tilling machines, irrigation pipes (of assorted size), water bosser, water pump, water reserve tanks (Simtanks), soil rotavator, spraying bosser, air compressor,

(d) Generators and sundry equipment accessories

All these properties are located in Mkongo South Village (off Mkongo Kilimani road) Rufiji District, Coast Region. 3 None of the machineries is operational and the properties are sold on as-is-basis. Most are sold as scrap metals.

There is no reserve price for any of the properties offered for sale.

Interested bidders can inspect the properties on site on appointment on 25 or 28 October 2019 between 10am and 2pm. Kindly contact the Receiver and Manager on +255 739 211 176 and on [email protected]  for inspection .appointment and to procure the full list of properties together with the specifications.  

The Bid document should indicate the name of the intended purchaser of the property/properties, particulars of the property/properties sought to be purchased, contact details and the Bid amount only. The Bid must be presented in a sealed 3 envelope addressed to MR. DANIEL B. WELWEL, ASYLA ATTORNEYS, 1ST  FLOOR, ALFA HOUSE, NEW BAGAMOYO ROAD, KINONDONI, P. 0. BOX 80496 DAR ES SALAAM.  

All Bids shall be delivered by hand to ASYLA ATTORNEYS office located on 1st  Floor, Alfa House, New Bagamoyo Road, Kinondoni, P. O. Box 80496, Dar es Salaam not later than 30th October 2019 at or before 1400 Hours. The outer cover shall be clearly marked BID FOR THE PURCHASE OF EURO VISTAA’S PROPERTY/PROPERTIES.

The successful bidder shall be required to pay 100% of the price within seven days from the date of written notif1cation. ln  case of Non-Compliance the offer will be cancelled. Upon such cancellation the Receiver and Manager reserve the right to H offer the property/properties to the next highest or preferred bidder who meets the conditions, or cancel the sale process altogether.

Purchased property/properties should be removed from the site on payment of the 100% of the purchase price. The Receivers and Managers and the Bank shall not be bound to accept the highest bid or any bid at all.

Bidders should note that the information supplied herein is without liability to TIB and the Receiver and Manage“ Independent verification is recommended.

Issued at Dar es Salaam this 23rd day of October 2019
Receiver and Manager
EURO VISTAA (TANZANIA) LIMITED

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