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





    All that divided and defined allotment of land marked Lot S depicted in Plan No. 2104 dated 8th January 2010 made by M. Gamini D. Peiris Licensed Surveyor of the land called ‘BULUGAHAWATTA alias GULUGAHAWATTA situated at Walana bearing Assessment No.19, Sri Rahal Mawatha within the Grama Niladhari Division of No. 679, Walana within the Divisional Secretariat Division of Panadura within the Urban Council Limits of Panadura in Panadura Talpiti Debadda of Panadura Totamune in the District of Kalutara, Western Province.

Land in Extent: A0:R1:P1 (One Rood and One Perch)

Together with soil, trees, plantations, buildings and everything else standing thereon together with all rights, ways, privileges, easements, servitudes and appurtenances thereto
According to the said Plan No. 2104 and Registered in Volume/Folio D 96/83 at the Land Registry Panadura.

Access to Property
The Colombo proceed along Galle High Road for a distance of about 25.5 Kilometers (Few meters beyond Panadura New Bridge) and turn left on to Sri Rahal Mawatha and continue further about 200 meters to reach the property which is located on the left hand side of the said road.

The Property Mortgaged To Sampath Bank By:
Mr. Buddika Sandanayake ‘M/s: D S Plastics’

We Shall Sell By


On Thursday 17th January 2019

Commencing at 03.30 pm. 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
  7. 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 06/05/2016 and in daily newspapers namely Divaina, The Island and Thinakkural dated 20/04/2016
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 730266

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

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