SBM Bank Auctions Motor Vehicles, Starts at KSh 280k

SBM Bank Kenya Announces Public Auction of Vehicles and Equipment

SBM Bank Kenya has announced a public auction of several motor vehicles and a branding printer in major cities including Nairobi, Mombasa, and Kisumu. This initiative aims to sell off assets that are no longer in use by the bank. The auction includes a variety of high-profile vehicles, such as a Range Rover and a Mercedes-Benz, which have attracted significant attention from potential buyers.

The bank has set a clear deadline for interested bidders to submit their offers. According to the notice published in the Daily Nation on Friday, August 22, all bids must be received by Friday, August 29. This gives potential buyers a week to prepare their applications and ensure they meet the requirements.

How to Participate in the Bidding Process

For those interested in bidding, the process is straightforward but requires careful attention to detail. Prospective buyers are required to submit their bids in a sealed envelope marked "Tender for motor vehicle." These envelopes should be addressed to the Tender Committee at SBM Bank Kenya, P.O. Box 34886-00100, Nairobi.

Bidders are also instructed to drop their sealed envelopes at SBM Bank Kenya Riverside Mews, ensuring that the committee receives them no later than the deadline of August 29. This step is crucial to avoid disqualification due to late submissions.

Vehicles Available for Auction

The list of items up for sale includes a range of vehicles with varying years of manufacture and models. Here are some of the notable entries:

• KDH 971J: A 2015 Mercedes-Benz Actros with a reserve price of KSh 3.48 million, located at Matrix Yard in Mombasa.
• Branding Printer: A single item listed at KSh 750,000, available at Philips Yard in Nairobi.
• KAR 969E: A 1995 Range Rover priced at KSh 280,000, located at Greypost Yard in Nairobi.
• KDD 207N: A 2021 Isuzu NQR81 with a reserve price of KSh 1.15 million, available at Collinet Yard in Kisumu.
• KCZ 984M: A 2017 BMW 318 I Series, priced at KSh 1.94 million, located at Philips Yard in Nairobi.
• KDN 130R: A 2023 Isuzu FVR90 with a reserve price of KSh 5.04 million, available at Startruck Yard in Mombasa.
• KDJ 337X: A 2021 Mitsubishi Fuso, priced at KSh 3.12 million, located at Collinet Yard in Kisumu.
• KDP 969D: A 2017 Mazda CX5 with a reserve price of KSh 1.88 million, available at Philips Yard in Nairobi.
• KDJ 228V: A 2016 Mercedes hybrid, priced at KSh 5.86 million, located at Philips Yard in Nairobi.

In addition to these vehicles, there is a branding printer available for auction, which may appeal to businesses looking to acquire equipment at a competitive price.

Additional Information and Contact Details

For more information, bidders can contact the bank directly using the provided phone numbers: 0115 027 596 or 0795-744-214. The bank also mentioned that successful bidders will be contacted within two working days following the auction date.

It is important to note that all vehicles are sold "as is, where is," meaning that there are no guarantees or warranties provided by the seller. Buyers are expected to inspect the vehicles and equipment before submitting their bids.

Other Companies Conducting Vehicle Auctions

SBM Bank Kenya is not the only institution conducting auctions of vehicles. In related news, NCBA Insurance Company Ltd has announced an auction of Toyota Fielder, Prado, and other vehicles. The auction will be managed by Dalali Traders Auctioneers and is scheduled for Tuesday, August 26, in several yards across Nairobi and Mombasa.

Family Bank has also invited Kenyans to submit bids for 27 cars in Nairobi and other cities. The bank is offering various car models, including Mercedes-Benz, Nissan, and Toyota, with the lowest-priced model selling for KSh 280,000. Interested bidders can participate either online or by mail.