Time: 10:00 AM (between 10:00 and 11:00 a.m. by the Court House clock).
Location: Derek Walcott Square, City of Castries.
Conducted by: Sheriff or authorized Officer.
Venue: Derek Walcott Square, Castries.
Entry Ticket Requirement (Mandatory Deposit)
To register and qualify to place any bids in this auction, all participants must present a Certified Banker’s Cheque in the exact amount of $243,916.13 XCD (representing one-tenth of the judgment debt). This cheque must be made payable to: Accountant General. This serves as your mandatory entry requirement; no bidder will be permitted to participate or submit offers without verifying these immediate, properly routed funds.
Auction Award
The auction will conclude, and the property will be awarded to the highest valid bidder. Upon the fall of the hammer, the winning bidder’s entry cheque will immediately be processed as the non-refundable initial deposit for the purchase.
Financial Capability & 6-Month Settlement Period
The winning bidder must possess and demonstrate the financial capacity to clear the remaining balance (Final Purchase Price less the initial deposit) within six (6) months from the date of sale.
Accruing Interest: The remaining balance will bear interest at a rate of 6% per annum until full settlement.
Proof of Funds: Bidders are strictly required to ensure their financial arrangements are robust enough to honor and complete the payment within the designated 6-month timeframe.
Strict Default Consequences
Time is of the essence. If the winning bidder fails to pay the final balance within the six-month window, the entire deposit of $243,916.13 XCD shall be automatically forfeited and applied directly toward the Judgment Debt. The defaulting bidder will lose all claim to the asset, and the sale will be rendered null and void.
Property Info:
Total Area: 43,560 SQ FT.
Type of Property: Land
Property Status: Land
Description:
Property Info
Total Area: 43,560 SQ FT.
Type of Property: Land
Property Details
Total Lot Area: 43,560 sq. ft. (Approx. 0.41 Hectares / 1 Acre).
Registration: Block 1832B Parcel 394, Registration Quarter of Praslin.
Geolocation (GPS): 13.865001, -60.891513
Technical Description
The lot is situated at Savery Frere Estate, in the Quarter of Praslin.
The property is located roughly 300 yards inland from the motorable road.
A somewhat rectangular shaped, open and vacant lot which is covered with trees and shrubs, and which has a gradual to moderate slope descending from north to south.
Savery Frere Estate is a small area which is between Praslin and Mon Repos. The area is approximately 15 and 30 minutes from Micoud Village and Vieux Fort Town respectively. The area also within reasonable proximity to Shopping Facilities, Police and Fire Stations, Petrol Station, Schools, Recreation Grounds, the Praslin Bay and other beach lands.
