Stanbic Bank Announces Auction of Used Motor Vehicles; How to Bid

Stanbic Bank has announced sale of motor vehicles in coordination with different auctioneers.

In a notice on Friday, August 23, Stanbic Bank said the sale will be conducted in different parts of the country including Nairobi, Kisumu, Kitale, Kisii, Meru, Ruiru, Nakuru, and Mombasa.

The bank further outlined the dates, venues, and descriptions of the auctions.

The sale includes models such as Mercedes Actros, Tata Lorry, Subaru Forester, Mazda CX5, Isuzu NMR, BMW 218, Trans trailer 3 Axle Flat Bed, Suzuki Escudo, Nissan Note, and Ford Galaxy.

To participate in this exercise, each bidder must pay a non-refundable bidding fee of Ksh2,000 per vehicle. 

The bids should reach the committee not later than August 30, 2024.

According to Stanbic Bank, the assets shall be sold on an “AS IS WHERE IS” basis.

Stanbic Bank Announces Auction of Vehicles

Individual bidders and bidders duly incorporated under the Laws of Kenya are invited to submit their bids to purchase any one or more of the assets listed for disposal.

Also Read: 209 Vehicles & 133 Motorcycles Put on Auction; How to Bid

Further, viewing of the motor vehicles will be done at the specified storage yard before placing a bid.

In Nairobi, viewing will take place at Phillips International Auctioneers-Kileleshwa, Startruck Auctioneers Yard-Kiambu Road, Purple Royal Storage Yard-Kiambu Road, Auckland Storage Investment Yard and Jogoo Road Motors Yard-Jogoo Road.

Viewing of other vehicles will also take place in yards located in other parts of the country such as Femida Storage Tard -Kitale, Pambo Auctioneers-Kisumu, Leakeys Storage-Mombasa Rd, Muwasa Motors-Kisii, Mt-Kenya Storage Yard-Meru, and the Matriz Moves Yard-Changamwe.

Also Read: Imenti House Tenants to Be Affected as Court Orders Auction of Goods

Also, Integra Storage Yard-Kitengela, Flamingo Storage Yard-Nakuru, Delax Motors Yard-Meru, and Capitol Diamond Yard in Ruiru are among venues listed for viewing by Stanbic Bank.

How to Bid for Vehicles and Motorcycles

Stanbic Bank highlighted that payments for the bidding fee should be made to the account below: Acc. No: 0100013440527, Acc. Name: SBK Asset Disposal Account Mpesa: Paybill 600100.

“Note that any offer received after bid closing date will not be considered,” the Bank stated.

To submit a bid, ensure it has full contact details and send via Email to SBKebeerssc.com.

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