On Thursday 11th February 2010 Commencing at 2.30 pm at the spot.

The Property Mortgaged To Sampath Bank By: Prasad International (Private) Limited

All that divided and defined allotment of land depicted in Plan No.31/1976 dated 10 September 1976 made by S. Wijayaranam Licensed Surveyor (being an amalgamation and resurvey of Lots 4 and 5) of the land called "Atapattu Walawuwa" bearing Assessment No. 469, K. Cyril C. Perera Mawatha (formerly Bloemendhal Road) situated along K. Cyril C. Perera Mawatha in Bloemendhal Ward No.6 within the Municipality and the District Colombo Western Province.

The property is reached by proceeding from Colombo Fort - Panchikawatta - Bloemendhal Road by turning off at the junction near the Tryco Stores Complex. The property is situated on the left hand side of the access road adjoining the Motha Factory.

Land in Extent: A0:R0:P23.92
Together with trees, plantations, buildings and everything else standing thereon and together with all rights, ways, privileges, easements, servitudes and appurtenances thereto.


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 1/2 % (Two and a half percent only)
4. Total cost of advertising not exceeding Rs.100,000.00
5. Clerk's & Crier's Fee of Rs.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 20/11/2009 and in Daily News Papers namely The Island, Divaina and Thinakkural dated 06/11/2009.



For further details and conditions of sale please contact The Manager - Recoveries, Sampath Bank PLC, 110, Sir James Peiris Mawatha, Colombo 2. Tel: 0114 730227 / 0114 730235