The auction will remain open until the highest bid goes uncontested for three consecutive working days. The deadline for submitting bids is 13:30 hrs on December 17, 2024.
A multi-story building “Orchid Hiya”, located on Plot No. 10718, in Hulhumale’ is now available for auction, with bidding starting at MVR 25.7 million.
Orchid Hiya offers a versatile space that could serve both residential and commercial purposes. The property spans 1,951 square feet and features a well constructed multi-story building, making it an ideal investment for a wide range of potential buyers.
The auction will remain open until the highest bid goes uncontested for three consecutive working days. The deadline for submitting bids is 13:30 hrs on December 17, 2024.
Successful bidders must make the full payment within 10 days after the auction closes.
Failure to pay within this period will result in the bid being awarded to the second-highest bidder or the auction being reopened for new offers. The sale is being conducted following a Civil Court order, after the property was mortgaged in relation to a loan.
The current owners still have the option to settle the loan during the auction period, which would give them priority over the sale.
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