Type of Sale
Property Status
Country
Bedrooms

La Riviere Mitant, Gros Islet

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La Riviere Mitant, Gros Islet

LC001

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Auction Information:

Date: July 29th, 2022

Time: 10:00am- 11:00am

Location: Court House, Peynier Street, Castries

Details (extracted from the Saint Lucia Government Gazette of June 20, 2022)

The purchase money shall be payable as follows:
1. The Officer conducting the Sale shall require from the
Bidder a deposit or a certified banker’s cheque in the
sum of $63,595.35, equal to one tenth of the debt (in
principal, interest and cost) due to the seizing party.

2. The Purchaser shall pay the Sheriff the Purchase price
less the deposit within six months of the date of Sale
with interest thereon at the rate of six percent per
annum. In default of such payment the deposit paid
by the Purchaser shall be forfeited and shall be applied
towards the Judgment Debt.

Property Info:

Base Price: 275,000
XCD
Type of Property: House
Bedrooms: 4
Bathrooms: 2
Property Status: Repairs Needed

Description:

The lot sloping downwards from west to east axis, in topography. The house is
completely hidden from sight by heavy vegetation.The area benefits from a range of social and leisure amenities at the epicenter of the La Riviere Mitan, Monchy and La Feuillet community (such as mini-marts, health-center, schools, churches, restaurant/bars, etc.)

Market research has indicated a fair level of demand for both owner occupied and
rented accommodation. This demand is expected to be sustained in the short to
medium term. The property thus offers good collateral/risk security to
bankers/mortgage providers in the short to medium term.

Mr. Gervin James

ecproperties@ascendancyfund.com

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