On Thursday 2nd February 2012 Commencing at 11.00 a.m. at the spot.

All the divide and defined allotment of land marked Lot 1C1 in Plan No.1540 dated 07 December 1999, made by A.D.M.J. Rupasinghe Licensed Surveyor of the land called 'Alubogahawatta' bearing assessment No. 20, Walauwa Road, situated at Homagama within the Pradeshiya Sabha Limits at Homagama in the Palle Pattu of Hewagama Korale West in the District of Colombo, Western Province.

The Property Mortgaged To Sampath Bank By: JINESHA GARMENTS INDUSTRIES (PVT) LTD

Access to Property: (A0-R0-P27.65)
Proceed from Colombo - Homagama Road (High Level Road) by turning off at the Walauwwa Road Junction. From the junction, turn left and proceed about 250m along the metalled and tarred road called Walauwwa Road and then turn right and proceed about 25m along the metalled and tarred road called Madawila Road to reach the property. The property is situated on the left hand side of the access road.


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 ½ % (Two and a half percent only) on the purchased price.
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 11/09/2009 and 23/10/2009 and in Daily News Papers namely The Island, Divaina and Thinakkural dated 07/09/2009

For further details and conditions of sale please contact Senior Executive - Recoveries, Sampath Bank PLC, 110, Sir James Peiris Mawatha, Colombo 2. Tel: 0114 730230 / 0114 730229