Auction Sale of Valuable Property :- In Extent: A22:R1:P:12.5.

Request For Proposals

General Information
Country:   Sri Lanka
City/Locality:   Puttalam
Notice/Contract Number:   ept:4040553
Publication Date:   Oct 27, 2009
Deadline:   Nov 6, 2009
Buyer:   Pan Asia Banking Corporation
Original Language:   English

Contact Information
Address:   Senior Manager - Legal
Pan Asia Banking Corporation
450, Galle Road
Colombo   3
Sri Lanka
Telephone:   2565573, 2565565

Goods, Works and Services

 

Original Text

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Opening date of tender: 11/06/2009 11:00

Note: The successful purchaser will have to pay the following amounts in cash at the fall of the hammer :- 1) 10% of the Purchase Price.
2) 1 % sales taxes to the Local Authority.
3) Auctioneer's Commission of 2 ½% (Two and a half percent only) on the purchase price.
4) 50% of the Total cost of advertising not exceeding Rs. 90,000/=.
5) Clerk's & Crier's Fee of Rs. 500/=.
6) Notary's fee for attesting conditions of sale Rs. 2,000/=.

All that divided and defined allotment of land marked Lot 1 depicted in Plan No. 3904/1 dated 25/04/2004 and made by J.A.V. Rajanayagam Licensed Surveyor, of the land called "Mancholai Watta"'alias "Mincholai Estate" situated at Kilakkaraipattu Kattaikadu North of Kalpitiya Mundel Division in the District of Puttalam North Western Province.
Containing In Extent: A22:R1:P:12.5, Together with everything standing thereon.
Access to Property :- Proceed about 113 km from Colombo on Colombo Puttalam Road to reach Madurankuli Junction. Turn Left from Madurankuli Junction and Proceed 5 Km on Thoduwawa Road (Bus Route) to reach the property which is on the right hand side of the road.
The Property Mortgaged to Pan Asia Banking Corporation PLC (Formerly called Pan Asia Bank Limited and Pan Asia Banking Corporation Ltd) By
Mohamed Sahabdeen Mohamed Riyas, the Proprietor of Rizan Exports has made default in payment due on Mortgage Bond No. 1803 dated 21/10/2005, attested by J.R. Dolawattage, Notary Public of Colombo.
Under the Authority Granted to us by Pan Asia Banking Corporation PLC We Shall Sell by Public Auction on Friday 6th November 2009 Commencing at 11.00 a.m. at the spot.
Mode of Payment:- The successful purchaser will have to pay the following amounts in cash at the fall of the hammer :- 1) 10% of the Purchase Price.
2) 1 % sales taxes to the Local Authority.
3) Auctioneer's Commission of 2 ½% (Two and a half percent only) on the purchase price.
4) 50% of the Total cost of advertising not exceeding Rs. 90,000/=.
5) Clerk's & Crier's Fee of Rs. 500/=.
6) Notary's fee for attesting conditions of sale Rs. 2,000/=.
The balance 90% of the purchased price shall be paid within 30 days from the date of sale.
For Notice of Resolution please refer the Ceylon Daily News, Lakbima and Sudar Oli newspapers on the 28th July 2008 and the Government Gazette on 6th June 2008.
For further details title deeds and any other connected documents may be inspected and obtained from the Senior Manager - Legal, Pan Asia Banking Corporation PLC, 450, Galle Road, Colombo 3. Tel: 2565573, 2565565.
Government Approved Reputed 'Pioneer Chartered Auctioneers, Consultant Valuers & Realtors in Sri Lanka Over a Century.
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