All that divided portion marked Lot 1 depicted in Plan No.9211 dated 07.09.1990 made by G L B Nanayakkara Licensed Surveyor of the land called "MATTAKKULIYE- PALLAMA" situated at Ettukala in Dunagaha Pattu of Aluthkuru Korale (now within the Municipal Council Limits of Negombo) in the District of Gampaha within the Registration Division of Negombo Western province.


Containing In Extent : A:0 R:0 P:24.4

Together with the buildings, plantations and everything standing thereon and bearing Assessment Nos. 116 and 116/1, Poruthota Road together with the right to use the Road 10 feet wide lying to the North.

The Property Mortgaged To Bank of Ceylon By:
M/S. Rani Group of Companies


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

1. 10% of the Purchased Price.
2. 12% VAT on the purchased price.
3. Auctioneer's Commission of 2 1/2% (Two and a half percent only).
4. 1% (One Percent) sales taxes payable to the Local Authority on the purchased price.
5. Cost of sale and any other charges if any.
6. Further 10% of the Purchased Price will have to be paid within 30 days from the auction date.
7. Balance 80% of the Purchased Price is to be settled within Three month from the date of sale.



Title deeds and any other reference may be obtained from The Manager, Bank of Ceylon, Recovery - Corporate, 3rd Floor, No.4, Bank of Ceylon Mawatha, Colombo 01. Tel: 011-2386080 / 011-2386073