SALE UNDER CLAUSE 4 OF THE RECOVERY OF LOANS (SPECIAL PROVISIONS) ACT NO. 04 OF 1990 BYTHE BANK AND AS AMENDED BY CLAUSE NO 40 OF REGIONAL DEVELOPMENT BANK ACT NO.41 OF 2008

PRADESHIYA SANWARDANA BANK

AUCTION SALE

OF

A VALUABLE PROPERTY

    All that divided and defined allotment of land depicted No. 68/B, Madirigiriya Grama Niladari Division 1, Kauduluwewa first step village survey General Plan No. F.V.P. – PO 107 Lot 274 “Kahabiliyawa” North Lot No. 286, South Lot No. 285, West Lot No.275 Containing in Extent 02 Acres : 02 Roods : 03 Perches permission by Medirigiriya Divisional Secretary Letter No. NCP/MG/L/1 survey General and dated 16.07.2007 Lot No. 01 of Rabukkana, Licensed Surveyor H M R T K Hearath’s Plan No.4721 dated 20.07.2007.
    Property determined above together with building and everything thereon and

Containing in Extent: 01 A : 00 R : 25.19 P


Under The Authority Granted To Us By Pradeshiya Sanwardana Bank

We Shall Sell By

PUBLIC AUCTION

On Thursday 31st January 2019

Commencing at 11.00 a.m. at the spot

FOR NOTICE OF RESOLUTION

Please refer the Government Gazette of 02.03.2018 and Dinamina, Daily News & Thinakaran Newspaper of 03.05.2018.

ACCESS TO THE PROPERTY

From Madirigiriya town near the clock tower, turn right from the four way Junction to Diyasenpura Road. Proceed along this road up to Diyasenpura town and from the four way junction in the town turn right to Polonnaruwa – Kirimatiyana Road and proceed about 03 kilometers up to Kahambiliyawa Junction and the subject property is situated on the right hand side of the road.


Mode of Payment

The successful purchaser will have to pay the following amount in cash at the fall of the hammer.

  1. 25% of the purchase 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. Clerk's & Crier's Fee of Rs. 1,500/=
  5. Cost of sale and any other charges if any.
  6. Stamp duty for the Certificate of Sale.

The balance 75% of the purchased price will have to be paid within 30 days from the date of sale to the Regional General Manager, Pradeshiya Sanwardana Bank, North Western Province Office, No.65/D, 04th Lane, Abhayapura Place, Anuradhapura. Telephone; 025 222 3080, 025 222 5214
If the balance amount of the purchased price is not paid within 30 days as stipulated above, the Bank shall have the right to forfeit (25%) of the purchased price already paid and resell the property.
The title deeds and any other reference may be obtained from the aforesaid address.


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

Head Office & Showroom

Flagship Auction & Sales Facility

City Office



Auction Type




Register with us to be updated on Auctions