Auction

  • Auction Savaneta z/n (2) - Jan 21, 2021 at 3:00 PM

     AUCTION

     

    THURSDAY January 21, 2021

    On Thursday January 21st, 2021 at 3 PM, at the Conference Room of the Chamber of Commerce, Aruba, will be auctioned in public pursuant to art. 3:268 jo. 3:254 Civil Code of Aruba:

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    A residential house under construction, locally known as

    SAVANETA z/n

    standing on four parcels of full ownership land (eigendom), in total approx. 1005 m2 in size, situated at Savaneta in Aruba, recorded in the Title Registry of Aruba as Fourth Division Section E number 1050 index 6705, Fourth Division Section E number 1051 index 789, Fourth Division Section E number 430 index 787, and Fourth Division Section E number 707 index 6708.


    Starting bid: Afl. 225.000,--

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    AUCTION NOTARY: T.R. JOHNSON

    The auction is subject to the general conditions for foreclosure auctions and special auction conditions which will be determined by civil law notary T.R. Johnson.

    Seller has the right to not accept any bid, at its sole discretion.

    The auction may be stopped or postponed at any time.

    Each bidder must be able to submit a bank guarantee and/or letter of credit issued by a bank in Aruba to the amount of the highest bid increased with an amount equal to the auction costs.



  • The auction is subject to the general auction conditions and special auction conditions which will be determined by notary T.R. Johnson in a separate notarial deed for every separate property.

  • The auction will take place by raising bids (bij opbod) and by decreasing bids (bij afmijning) in one session.

  • Seller has the right to not accept any bid, at his sole discretion.

  • All auction costs are for the account of the buyer, which costs include: transfer tax, registration fees Land Registry, the outstanding long lease fees (erfpacht canon) and property taxes (grondbelasting) for execution of the necessary notarial deeds, other auction costs (rent of auction room, bailiff fees, cancellation of liens and mortgages, advertisements), and the costs to have the property vacated, if necessary.

  • Each bidder must be able to submit a bank-guarantee issued by a reputable bank in Aruba (or another proof of funds acceptable to the Seller) to the amount of the highest bid increased with an amount equal to the auction costs.

  • The auction may be stopped or postponed at any time.