Notice of Sale Under Section 4 of the Recovery of Loans by Banks (Special Provision) Act No. 4 of 1990

SAMPATH BANK PLC

AUCTION SALE

OF

A VALUABLE PROPERTY

    All that divided and defined allotment of land marked Lot 1B depicted in Plan No. 3308 dated 15th February 2009 made by S G Ranasinghe Licensed Surveyor of the land called “MILLAGAHAWATTA, MILLAGAHAWATUPANGUWA, DAWATAGAHAWATTA, MADUGAHAWATTA and KEENAGAHAWATTA” situated at Amandoluwa Village within the Grama Niladhari Division of 148 – Amandoluwa and Divisional Secretariat Division of Gampaha within the Urban Council Limits of Katunayake Seeduwa in Dasiya Pattu of Aluthkuru Korale in the District of Gampaha in Western Province.

Land in Extent: A0:R0:P17.62 (Seventeen Decimal Sixty Two Perches)

According to the said Plan No. 3308 Registered in Volume/Folio H77/65 at the Land Registry Negambo

Together with soil, trees, plantations, buildings and everything else standing thereon together with the all rights, ways, privileges, easements, servitudes appertaining thereto

Together with the right to use the roadway in over under and along Lot 3 (Reservation for Road – Urban Council 5 feet wide) in Plan No. 3289 dated 13th January 2009 made by S G Ranasinghe Licensed Surveyor.

Access to Property
Proceed from Colombo along Negambo High Road for about 25.75 Kilometers up to Seeduwa junction and turn right on to Kotugoda Road and travel about 1.4 Kilometers up to “Palliya Junction”. Then turn left on to Base Line Road and travel for about 1.6 Kilometers and turn left on Sarana Mawatha (A few meters before Amandoluwa Maha Vidyalaya) and proceed about 100 meters to reach the property which lies on the left hand side of the said road.


The Property Mortgaged To Sampath Bank By:
Hewage Sudath Janaka Fernando Of “Isolez Biotech Pharma AG”

We Shall Sell By

PUBLIC AUCTION

On Thursday 13th December 2018

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. 25% of the Purchased Price.
  2. 1% Local Authority Tax payable to the Local Authority.
  3. Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the purchased price plus 15% VAT on the commission.
  4. Total cost of advertising.
  5. Clerk’s & Crier’s Fee of Rs. 1,500.00
  6. Notary’s fee for condition of sale Rs. 2,000.00

Balance 75% of the Purchased Price will have to be paid within 30 days from the date of sale For Notice of Resolution please refer the Government Gazette dated 03/02/2017 and in daily newspapers namely Divaina, The Island and Thinakkural dated 23/01/2017
For further details and conditions of sale please contact The Manager - Recoveries, Sampath Bank PLC, 110, Sir James Peiris Mawatha, Colombo 2. Tel: 0114 730251 / 0114 730230


*The bank has the right to stay / cancel the above auction sale without prior notice.

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