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 6815 in Plan No. 2119 dated 28th July 2004 made by P. Pararasasegaram Licensed Surveyor of the land called “AMBAGAHAWATTA” bearing Assessment Nos. 27 and 27-1/1, Frederica Road situated along Frederica Road in Wellawatta North Ward No. 43 within the Grama Niladhari Division of Wellawatta North and Divisional Secretariat Division of Thimbirigasyaya and within the Municipal Council Limits of Colombo in Palle Pattu of Salpiti Korale in the District of Colombo Western Province

Land in Extent: A0:R0:P22.14

According to the said Plan No.2119 together with soil, trees, plantations, buildings and everything else standing thereon and registered in Volume/Folio SPE 89/104 at the Land Registry Colombo
Together with the right of way and other connected rights in over under and along the Reservation for Road marked Lot N6 depicted in Plan No. 1046 dated 03rd November 1950 made by R. C. Dasanyake Licensed Surveyor.

Access to Property
Proceed from Colombo Fort along Galle Road and R A de Mel Mawatha, passing Wellawatta Bridge and Savoy Cinema and turn left on to Fredrica Road and then along Fredrica Road for a short distance passing Sri Wijayaramaya Buddhist Temple up to the property in question which lies on the left hand side of the said road. Cooray Playground is located on the North of this property. It can also be approached from W A Silva Mawatha by travelling along Peterson Lane and Fredrica Road.


The Property Mortgaged To Sampath Bank By:
Brite Construction (Pvt) Ltd

We Shall Sell By

PUBLIC AUCTION

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 applicable taxes.
  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 19/05/2017 and in daily newspapers namely Divaina, The Island and Thinakkural dated 05/05/2017
For further details and conditions of sale please contact The Manager - Recoveries, Sampath Bank PLC, 110, Sir James Peiris Mawatha, Colombo 2. Tel: 0114 730229 / 0114 730237


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

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