Auction Sale of Lease hold rights of a valuable property

The Property Mortgaged To Bank Of Ceylon, Hatton National Bank PLC, People's Bank And Sampath Bank PLC

We Shall Sell By Public Auction : On Thursday 20th April 2017, Commencing at 11.00 a. m. at the spot.

Notice of sale by Bank Of Ceylon under section 22 of the Bank of Ceylon ordinance (Chapter 397) and its amendments as amended by act no .34 of 1968 and law no 10 of 1974.

Notice of sale by Hatton National Bank PLC Section 09 of the recovery of loans by banks [Special Provision] act no.09 of 1990 as amended by no.01 of 2011 and 19 of 2011.

Notice of sale by The People's Bank under section 29D of the People's Bank act no.29 of 1961 as amended by the act no.32 of 1986.

Notice of sale by Sampath Bank PLC section 09 of the recovery of loans by banks [Special Provision] act no.04 of 1990 as amended by no.01 of 2011 and 19 of 2011.

All that divided allotment of land marked Lot 1 in Plan No. 524 dated 25th September 1996 made by G.L. Wijewardena, Licensed Surveyor of the land called “Moderahenyaya alias Maha-Oyawatta” situated at Kuliyapitiya (Oruliyadda) in Udapola Otota Korale of Dambadeni Hatpattu in the District of Kurunegala North Western Province.

Containing in extent: A1-R2-P29 (One Acre Two Roods & Twenty Nine Perches)
Together with the buildings plantations and everything standing thereon Registered in F 1131/202 at the Land Registry, Kurunegala.

By Tri Star Apparel Exports (Pvt) Limited of No.30, Maligawa Road, Ratmalana on Lease Hold Rights by virtue of concurrent Bond No. 140/213/1875/1426/2521/1548 dated 09.09.2002, 11.09.2002, 24.09.2002, 25.09.2002, and 27.09.2002 attested by H. Samarasekera N.P, D.S.P.Koddituwakku N.P, N.M.C.P.Wettasinghe N.P, S.Hendevitharana N.P, A.M.K.A. Goonathilaka N.P and M.Kiritharan N.P.


The Successful purchaser will have to pay the following amounts in cash at the fall of the hammer.

1. 10% (Ten Percent) of the Purchased Price.
2. 2% NBT on the Purchased Price.
3. 15% VAT on the above.
4. 1% (One Percent) of the purchased price as sales taxes payable to the Local Authority.
5. Auctioneer’s Commission of 2 ½ % (Two and a half percent only) on the Purchased Price.
6. Cost of sale and any other charges if any.
7. Further 10% of the Purchased Price will have to be paid within 30 days from the auction date.
8. Balance 80% of the Purchased Price to be settled within three months from the date of sale to the Manager, Recovery Corporate Unit, Bank of Ceylon, 3rd Floor – BOC Head Office, Colombo 01.

Title deeds and any other reference may be obtained from The Manager, Recovery Corporate Unit, Bank of Ceylon, 3rd Floor – BOC Head Office, Colombo 01. Tel: 011 2386080

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

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50 perches of prime land within the Municipal Limits in a mix development area in an exclusive neighbourhood.

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Auction Date : Thursday 25th May 2017
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