An apartment complex, situated on a parcel of full ownership land (eigendom), in total 1.409 m2 in size, situated at Bubali in Aruba, recorded in the Title Registry of Aruba as First Division Section K number 1013.
Bubali 6-D and Rooi Santo 26 will be auctioned together for a total price of Afl. 3.000.000,-- If there are no offers for the combined properties, the reserve price for this property will be Afl. 2.000.000,--
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.