On Thursday, 11th March 2010 at 11.00 am at the spot.
All that divided and defined allotment of amalgamated land marked Lot A depicted in Plan No. 1058 dated 16 November 2006 made by M. B. A. Fernando Licensed Surveyor, of the land called "Ambagahawatta, Kosgahawata and Mailagahawatta" bearing Assessment No. 3, 3A and 3B within the Pradeshiya Sabha Limits of Nattandiya situated at Horagolla Village in Yatakalan Pattu of Pitigal Korale South in the District of Puttalam North Western Province
The Property Mortgaged To Sampath Bank By: W. S. N. Fernando

Land in Extent: Lot 1 - A0: R1: P2
Together with the soil, trees, plantations, building and everything else standing thereon with all rights, ways, privileges, easements, servitudes and appurtenances thereto


Subject property could be approached from any direction by proceeding on Colombo - Puttalam high road and arriving at Marawila junction in Marawila town. From this location by doing a distance of about 150 meters on Colombo road up to the junction or the road leading to Seventh day Adventist Church and from there following a short distance of about 20 meters along this road, the property in question is reached. It is located on the right side of this approach sandy road.


The successful purchaser will have to pay the following amounts in cash or bank draft at the fall of the hammer.

1. 25% (Ten Percent) of the Purchased Price.
2. 1% Local Authority Tax payable to the Local Authority.
3. Auctioneer's Commission of 2 1/2 % (Two and a half percent only)
4. Total cost of advertising Rs. 100,000.00
5. Clerk's & Crier's Fee of Rs. 500.00
6. 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 31/07/2009 and in Daily News Papers namely ‘The Island’, ‘Divaina’ and ‘Thinakkural’ dated 17/07/2009
For further details and conditions of sale please contact The Manager, Recoveries, Sampath Bank Ltd, 110, Sir James Peiris Mawatha, Colombo 2. Tel: 0114 730227 / 0114 730254.