Port Services liquidation

HAMPTONS International Oman announced the launch of their latest sales project earlier this week for the sale of 5 established properties in Muttrah. As part of the liquidation of Port Services Corporation SAOC, these properties are seen as an excellent investment opportunity to buy yielding assets with strong future development prospects and are situated in a prime location close to Sultan Qaboos Port. These 5 properties are being sold through the process of informal tender, allowing potential buyers to submit their offer for the property by sealed bids. The properties are income producing and occupied with some long-term tenants. Two of the properties are occupied by a school, other tenants include Bank Muscat, offices and an established restaurant. These residential/commercial properties allow permissible development up to five floors. Recent valuations of the properties show the property values ranging between RO 450,000 for the smallest property and RO 1,150,000 for the largest property.

Hamptons International welcomes bids for individual lots or on a combined basis. The company will receive bids in sealed envelopes for these properties up until October 1, 2018 deadline. The seller retains the right not to accept the highest bid or any bid, however Hamptons International are confident that the winning bidders will walk away with a bargain.