Description
The subject property is a single-story derelict structure that was observed to be on the western section of the property. The building serves no economical value to the poperty.
Lot size: 3 acres (128,263.4 sq.ft.)
Starting bid: $7,600,000.00
Item condition: New
Auction starts: May 28, 2024 9:00 am
Auction ends: May 28, 2024 12:00 pm
Reserve price has not been met
Conditions of Sale
1. a) The Bidding shall be open to any person having the legal capacity to enter into a Contract and the Vendor reserves to himself the right to bid generally by himself, his Attorney, the Auctioneer or his Agents and also to withdraw the Property at any time before the same is actually sold without declaring the reserve price or the reason for such withdrawal; the Highest Bidder for the property shall be the Purchaser thereof and if any dispute shall arise as to who is the highest Bidder the premises shall be immediately put up again at the last undisputed bidding.
b) Any reference herein to “Attorney-at-Law” the singular shall include the plural.
c) Any reference to the Vendor shall mean the National Housing Trust, 4 Park Boulevard, Kingston 5.
d) Any reference herein to the Vendor’s Attorneys-at-Law shall mean Scott,
Bhoorasingh & Bonnick Attorney’s – at -Law. Located at Unit #9 ID-IE Braemar Avenue, Kingston 5.
e) In the construction of this Agreement, where the context so admits, the word “Purchaser” shall be deemed to refer to one or more persons purchasing from the Vendor and the words “he”, “him” or it indicating the masculine gender and singular number shall be deemed to refer to and include the feminine and neuter genders and the plural number, and where there is more than one Purchaser, their Agreements shall be joint and several.
2. The sale is subject to a Reserve Price and to these Conditions of Sale and unless such price shall be bid and accepted by the Vendor at the time of the sale the Auctioneer shall have power to withdraw the property from sale and thereafter the same may be again put up for sale and be sold either publicly or by private contract.
3. No person shall at any bidding advance less than $10,000.00 or be at liberty withdraw or retract any bid after the hammer has fallen.
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The subject property is a single-story derelict structure that was observed to be on the western section of the property. The building serves no economical value to the poperty.
Lot size: 3 acres (128,263.4 sq.ft.)
May 28, 2024 9:00 am | Auction starting |
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