On Thursday 11th February 2010 Commencing at 4.00 pm at the spot.

The Property Mortgaged To Sampath Bank By: Luxman Electricals & Luxman Construction

All that divided and defined allotment of land marked Lot 64 depicted in Plan No.1724 dated 09 June 1987 made by P. Sinnathamby Licensed Surveyor situated at Fairfield Gardens in Borella in Palle Pattu of Salpiti Korale within the Municipality and the District of Colombo Western Province.


From Borella junction proceed about 250 meters along Dr. N. M. Perera Mawatha and turn left near Keels Super Center Complex, along Fairfields Gardens and proceed about 200 meters and turn along the left wing of the road and proceed about 500 meters and finally turn left along motorable gravel road and proceed about 15 meters to reach the land.

Land in Extent: A0:R0:P8
Together with the soil, trees, plantations 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 25/09/2009 and in Daily News Papers namely The Island, Divaina and Thinakkural dated 23/09/2009.



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