Sale of BOV Properties Tenders 011/2018
List of Properties offered for Sale by Tender by Bank of Valletta p.l.c. Page No. 1. Hotel in Bugibba 3 2. Property in Qormi last used as a Bakery 4 3. Maisonette with Indoor Pool in M Scala 5 4. Town House in Sliema 6 5. Duplex Apartment in Mosta 7 6. Penthouse in the Gardens St. Julians 8 7. Basement Garage in St. Julians 9 8. Basement Garage in St. Julians 10 9. Basement Garage in Zabbar 11 10. Apartment in Sliema 12 11 Apartment in St. Julians 13 2
Hotel in Bugibba Property Ref No: BOV/SP/011/001/2018 (to be used in all correspondence with the Bank) Traveller s Lodge, Triq il-korp tal-pjunieri c/w Triq il-hgejjeg, Bugibba A six-storey Hotel centrally located, close to the Main Square and seafront, having a gross floor area of 2850 m 2 and site footprint 445m 2. Guide Price: 1,400,000 Property consists of a basement (part of which is leased to third parties). The ground floor level was formerly used as a lounge/reception area (part of which is leased to third parties). The first floor consists of 9 bedrooms all with en-suite bath/shower rooms most of which are with balconies overlooking the main/side street and a small store/housekeeper room. This layout is repeated for the overlying second, third, fourth and fifth floors. The sixth floor consists of offices, changing rooms and a storage space, this floor gives access to the pool at roof level and the decking area. No viewing of this property will take place, due to its dilapidated state. This Property is being sold Tale Quale. It is subject to court proceedings currently pending with third parties before the Maltese Superior Courts. 3
Property in Qormi last used as a Bakery Property Ref No: BOV/SP/011/002/2018 (to be used in all correspondence with the Bank) 14 Tal-Grazzja Bakery, Triq it-23 ta April, Qormi Property at street level located close to the Public Playing Ground, having a gross floor area of 234 m 2, which was last used as a bakery. This property comprises of a large open space upon entrance, a bakery oven with top storage space, a store room at the rear of the premises, a back yard and a small toilet. Guide Price: 140,000 4
Maisonette with Indoor Pool in Marsascala Property Ref No: BOV/SP/011/003/2018 (to be used in all correspondence with the Bank) 14 Koti, Triq il-melh, Marsascala First Floor two bedroomed maisonette enjoying sea views with indoor pool located at ground floor/entrance level, located meters away from the seafront, having a gross floor area of 265m 2. The property is accessible through a common passage way shared with third parties. Ground floor Entrance and indoor pool area, sauna, shower and toilet. A door on the right side of the entrance gives access the upper levels. First Floor A study/boxroom, main bathroom, open plan area consisting of a kitchen with a corner balcony which overlooks third party property, a dining and living area with fireplace, a double/twin bedroom with balcony with large terrace and a spacious main bedroom with a walk in wardrobe. The bedrooms and living area all enjoy sea views. A spiral staircase gives access to the upper/roof level. Roof Level Landing, an avery and a kitchen/dinging-room which gives leads to the roof terrace, which enjoys extensive sea views. Due to its dilapidated state this property is being sold and valued as a site. No viewing will take place. Guide Price: 300,000 5
Town House in Sliema Property Ref No: BOV/SP/011/004/2018 (to be used in all correspondence with the Bank) 21 Tonna Street, Sliema A two bedroomed three storey town house with own airspace overlying third party property, located close to the Sliema police station, having a gross floor area of 150 m 2. This property consists of an internal staircase which leads to a spacious dining/sitting room with balcony, a small corridor leads to a kitchenette and a small guest toilet. The second floor comprises of a spacious twin bedroom, which leads to a small storage area and a shower room, this room also gives access to the main bedroom which leads to the roof area, having also a washroom and a box room. Guide Price: 350,000 6
Duplex Apartment in Mosta Property Ref No: BOV/SP/011/005/2018 (to be used in all correspondence with the Bank) 98 Ta Nina Flat 2, Triq it-torri, Mosta A three bedroomed duplex apartment excluding its airspace, forming part of a block which includes: a shop and a maisonette/flat at ground floor level and this duplex apartment at first and second floor levels. Property has a gross floor area of 187m 2. Guide Price: 240,000 Ground floor consists of the common entrance and stairwell which leads to the first floor, at this level is a living room with terrace, kitchen dining area and store/pantry, main bathroom, double/twin bedroom with terrace and main bedroom with en-suite and balcony overlooking the main street. The stairwell leads to the second floor which consists of another living area with a small terrace on one side and a roof terrace on another side, a games room and store, a bathroom and double bedroom with back terrace. This property includes an undivided pro-rata share of all the parts of the block intended for common use which include the entrance, the stairs, the landings, the shafts, the stairwell, drains and drainage. The property is not served by a lift. 7
Penthouse in the Gardens, St. Julians Property Ref No: BOV/SP/011/006/2018 (to be used in all correspondence with the Bank) Penthouse No.4, Bridge End, Olive Street, St. Julians A three bedroomed penthouse located in The Gardens area, with its own airspace, having a gross floor area of 125m 2. Guide Price: 255,000 This property forms part of a block of 4 units and comprises of a spacious open plan kitchen/living/dining room, a guest bathroom, main bathroom and three large double bedrooms all with en-suite bathroom/shower. It is served with a lift which is internally accessible from this property (which is presently not in working order). It has a ¼ undivided share of the common parts of the same block of apartments and is subject to an annual perpetual ground rent of 18.47. 8
Basement Garage in St. Julians Property Ref No: BOV/SP/011/007/2018 (to be used in all correspondence with the Bank) Garage No. 5 Underlying Bridge End, Olive Street, St. Julians One car lock-up basement garage in St. Julians having a gross floor area of circa 27m 2. Guide Price: 19,000 This one car garage has a small storage space and forms part of a complex of 5 garages which is accessible via a common ramp. This property has in common with the other garages 1/5 undivided share of the shared ramp and common parts and is subject to an annual perpetual ground rent of 18.47. 9
Basement Garage in St. Julians Property Ref No: BOV/SP/011/008/2018 (to be used in all correspondence with the Bank) Garage No. 2 Underlying Bridge End, Olive Street, St. Julians One car basement garage in St. Julians having a gross floor area of circa 19m 2. Guide Price: 17,000 Garage is in shell form and forms part of a complex of 5 garages which is accessible via a common ramp. This property has in common with the other garages 1/5 undivided share of the shared ramp and common parts and is subject to an annual perpetual ground rent of 18.47. 10
Garage in Zabbar Property Ref No: BOV/SP/011/009/2018 (to be used in all correspondence with the Bank) Garage No. 25, Garden Buildings, Gianni Bonavia Street, Zabbar One car garage (shell form) having a gross surface area of circa 15m 2. It is situated at level -2, overlying and underlying other garages and is accessible through Gianni Bonavia Street, Zabbar. This property forms part of a building named Garden Buildings and is subject to 58.23 annual maintenance fee for the common parts of level-2. Guide Price: 13,300 11
Sliema Apartment with Sea & Coastline Views Property Ref No: BOV/SP/011/010/2018 (to be used in all correspondence with the Bank) 14A Boylan Buildings, No. 18, Triq Ghar il-lembi Street, Sliema A three bedroomed receded apartment on the 9 th floor, located meters away from the Sliema promenade and commercial area, it enjoys sea and coastline views and has an internal gross floor area of circa 186m 2 and an external area of circa 56m 2. The property comprises of a hall/corridor, main bathroom, kitchen/living room overlooking a large terrace, a small landing/corridor, a washroom, a large hall/sitting room, two double bedrooms and a main bedroom with ensuite bathroom. The property shares the right of use with the other apartments in the said block, of all the common parts, the entrance hall, the lift, the stairwell and stairs. It is subject to an annual temporary ground rent of 46.59 for 200 years which commenced on the 21 st February 1960. Guide Price: 575,000. 12
Apartment in St. Julians Property Ref No: BOV/SP/011/011/2018 (to be used in all correspondence with the Bank) 4 Flat 7 Church Square, Lapsi Street, St. Julian s A three bedroom apartment (presently sub-divided into four studio flats) in St. Julian s located close to the parish church and walking distance from Spinola Bay, having a gross floor area of 129m 2. Guide Price: 245,000 Property is being sold as it formerly was, which consisted of a kitchen, sitting and dining area, three bedrooms, main bathroom and guest toilet. Included is an undivided share of the common parts, including the entrance, stairs, stairwell, roof, drains and drainage system, as well as the lift, lift shaft and landings. This property is subject to an annual and perpetual ground rent of EUR 58.23 (equivalent to Lm25.00). 13
Viewings / Clarifications Prospective tenderers may view properties or obtain any clarifications to the tender documents by notifying Facilities Department on the Bank s address indicated below: Facilities Department BOV Centre Triq il-kanun Santa Venera SVR 9030 - Malta Attn: Therese Ciarlo T: (356) 2275 3400 M: (356) 7997 2275 E: therese.ciarlo@bov.com Tender Form The Tender Form is attached to this document and may be downloaded from https://www.bov.com/content/bov-properties or collected from BOV Centre on any working day between the 29 th October and 28 th November 2018 from 0830hrs to 1630 hrs. Closing Date for Submission of Tenders Sealed offers are to be submitted by hand in the tender box at BOV Centre, by not later than 1200 hrs on Thursday 29 th November 2018. The Reference No: BOV/Sale of Properties/011/2018 should be printed on the sealed envelope which is to be addressed to:- The Executive Administration BOV Centre Triq il-kanun Santa Venera 14
Terms & Conditions 1. The Property is being sold by Bank of Valletta p.l.c. tale quale and without the warranty for latent defects; it is being sold without any guarantee or assurance on the part of the Bank that it is covered by valid permits from the Planning, Sanitary or other authorities, and is open to all eligible purchasers. 2. Tenderers are encouraged to view the property before submitting their bid. For the purpose of inspection of the properties, prospective tenderers can contact Facilities Department on Tel No 2275 3400. 3. No Tender will be considered unless:- (a) It is received at the address stipulated in the tender document; (b) It is completed in full on the prescribed form, which contains the conditions of the contract; (c) It is signed by the Tenderer. 4. The Bank reserves the right to withdraw any property from the Tender exercise at any time before closing date. 5. Late submissions of Tenders will be rejected. 6. The successful Tenderer will be notified in writing that his Tender has been accepted and will be required to enter into a promise of sale by not later than two (2) weeks from the said notification. Failure to do so will result in the Tenderer forfeiting his right to purchase the said property 7. All other Tenderers shall be notified that their Tenders have been unsuccessful. 8. The Bank reserves the right to accept or reject any or all Tenders, be it the highest or otherwise without giving any reasons. 9. Tenders shall remain valid for ninety (90) days after date of tender opening prescribed by the Bank. 10. No Tender may be withdrawn in the interval between the deadline for submission of Tenders and the expiration of the period of Tender validity. 11. Any direct or indirect effort by a Tenderer to influence the Bank in its decisions on tender evaluation, tender comparison, or contract award may result in the rejection of that Tenderer s Tender. 12. Bidders are informed that once their bid is accepted they shall have to purchase said property in their own name and any rights acquired by them through the tender process cannot be assigned to third parties on final deed. 15
Bank of Valletta p.l.c. 58, Triq San Żakkarija, Il-Belt Valletta VLT 1130 - Malta Co Reg No. C 2833 Date: To: Bank of Valletta p.l.c. (the Bank ) Facilities Department BOV Centre Triq il-kanun Santa Venera Dear Sirs, RE: CALL FOR TENDERS REF NO: BOV SALE OF PROPERTIES /011/2018 FORM OF TENDER (1) Having examined the tender document, I/We (the Tenderer ) acknowledge and agree that I/we have fully understood the TERMS & CONDITIONS stipulated therein, and hereby unequivocally and unconditionally accept the same. I/we the undersigned, offer to purchase the following property in conformity with the said tender document:- Property Ref No: Property Address For the Sum of (in figures) (Total tender amount in words) (2) If our offer is accepted, I/we undertake, to enter into a promise of sale within 2 (two weeks) from date of notification by the Bank in accordance with the requirements of the tender (the Tender ). (3) I/we understand that you are not bound to accept the highest of any Tender that you may receive. (4) I/We hereby declare that the information stated hereinabove is complete and correct and any error or omission therein, accidental or otherwise, will be sufficient justification for the Bank to reject our Tender and/or cancel the award of sale. Signature of the Tenderer/s: Full Name/s (in Blocks) Identity Card/Company Registration Nos: Contact No: 16