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Auction Sale of Property : Land in (Extent AO R0 P6.88).

Request For Proposals

General Information
Country:   Sri Lanka
City/Locality:   Colombo
Notice/Contract Number:   ept:4356244
Publication Date:   Mar 5, 2010
Deadline:   Mar 19, 2010
Buyer:   Pan Asia Banking Corporation
Original Language:   English

Contact Information
Address:   Senior Manager, Court Commissioner, Licensed Auctioneer, Valuer and Broker
Pan Asia Banking Corporation
Head Office, 450, Galle Road
Colombo 03
Sri Lanka
Telephone:   2565573/2565565, 011 2320074 & 0713 151356

Goods, Works and Services

 

Original Text

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Opening date of tender: 03/19/2010 10:30

Under the authority granted to me by the Pan Asia Banking Corporation PLC, I shall sell by Public Auction the below mentioned property on 19th March 2010 commencing 10.30 a.m. at the spot.
All that allotment of land marked lot 2 depicted in Plan No. 1537 dated 12.11.1986 made by P. Sinnathamby Licensed Surveyor and bearing Assessment No. 169 Muhandiram Road, Polwatta in Kollupitiya within the Municipality and District of Colombo Western Province.
(Extent AO R0 P6.88).
That Network Express (Private) Limited as the obligor and Imithiyaz Razak as the Mortgagor have made default in payment due on Mortgaged Bonds No.525 dated 03.09.2004 attested by C. Wijesinghe Notary Public of Colombo and No. 2358 dated 07.06.2007 attested by J.R Dolawattage Notary Public of Colombo.
For the Notice of Resolution;- Please refer the Government Gazette of 19/06/2009 and the Daily News, Lakbima and Sudar Oli of 18/06/2009.
Access to the Property:- From Alwis Place Junction along Dharmapala Mawatha proceed along Alwis Place for a distance of about 200 metres towards Perahera Mawatha to reach Muhandiram Road located on the left hand side, then proceed along Muhandiram Road for a distance of about 200 meters to leach the subject property which is located on die right hand side and bears Assessment No. 169, Muhandiram Road.
Mode of Payment: - The following amounts should be paid to the Auctioneer in Cash.
1) 10% of the purchase price.
2) 1% Local Authority charges and VAT charges on same.
3) Auctioneer's Commission 2.5% of the purchase price (Two and a half percent only).
4) Total cost of sale and other charges.
5) Cost of Advertising charges.
6) Clerk's and Crier's foe Rs.500/-.
7) Notary's attestation fees for Condition of Sale.
The Balance 90% of the purchase price should be paid to the Bank within 30 days from the date of sale.
The tide Deeds and other connected documents maybe inspected and obtained form the Senior Manager Legal, Pan Asia Banking Corporation PLC, Head Office, 450, Galle Road, Colombo 3. Tel: Nos. 2565573/2565565.
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