Auction Date: Mar 01 , 2023

Public auction Wednesday March 1st, 2023 : Property 1 in St.Maarten
Public auction Wednesday March 1st, 2023 : Property 1 in St.Maarten
Wednesday, March 1st, 2023 as of 10.00 hours a.m.

PROPERTY ON SINT MAARTEN TO BE AUCTIONED EX ARTICLE 3:268 OF THE CIVIL CODE OF SINT MAARTEN

The right of long lease till October twenty-second, two thousand and twenty-four (October 22nd, 2024) on:

A parcel of land having an area of ONE THOUSAND ONE HUNDRED AND EIGHTY SQUARE METERS (1,180m²) :

Situated in Saunders in the district of Cul de Sac, on the island of Sint Maarten, described in certificate of admeasurement number SXM CDS 061/1964, with the thereon standing dwelling house and all appurtenances belonging thereto, hereinafter referred to as the “property 1".

Reserved price for aforementioned long lease rights and title to the immovable property (being the minimum bid) will be THREE HUNDRED AND FIFTY THOUSAND DOLLARS CURRENCY OF THE UNITED STATES OF AMERICA (US$.350,000.00).

Potential buyers may enter a private bid, addressed to the notary, on property 1 on the public sale to be submitted to the notary on or before February 15th, 2023 at noon (12.00 p.m.)
An appraisal report is available on website www.notarymingo.com or upon request

 

The sales will take place under the customary auction conditions which are, by raised bid (in Dutch: “middels opbod”) subsequently by Dutch bid (in Dutch “afmijnen”) in one (1) session. The general as well if any special conditions on the auction, will be available at Notary office Mingo situated at the Fouress Building, Emmaplein, Philipsburg.

Every bidder or potential buyer has to identify him or herself and provide the civil law notary with a written guarantee by a banking institution (for example a bank letter/or banker’s check) for the payment of his or her bid and the additional and affiliated auction charges which are for the buyer (as stipulated in the general auction conditions of civil law notary Mingo). Civil law notary Mingo withholds the right to accept or deny any (private) bidder to partake in the bidding process or private bidding in the process of the public auction.

The buyer (successful and accepted bidder) shall pay the notarial fee, the registration stamps, the disbursements, transfer tax, cancellations of mortgage(s), annulment of attachment(s), costs and charges of the notarial authentic report(s) of the auction and the conveyance of title to and the registration of the immovable property in the name of the buyer in the Public Registers, deed of assignment (in Dutch: "Akte de Command"), deed of acquittance, the aforementioned bankguarantee, and remaining costs and charges pursuant to the general and particular conditions of the auction including the 1% Central Bank license fee if applicable and all banking charges involved to make payments to all third parties related to this sale at the public auction.

Interested parties are strongly advised/recommended to:

  • (i) to review the auction conditions before attending the auction;
  • (ii) to start requesting their bank guarantee at least four (4) weeks prior to the auction, come with a banker’s check or have the funds (being the amount of the bid the buyer wishes to place) deposited into the escrow account of the notary prior to the day of the public auction.

Descriptions are based on available evaluation reports, as some items may have not been (possible to be) inspected inside, and the given information might therefor not be accurate and buyers cannot hold the notary liable for the state of the immovable property.

 

Documents and Pdf  : 
Public auction Wednesday March 1st, 2023 : Property 2 in St.Maarten
Public auction Wednesday March 1st, 2023 : Property 2 in St.Maarten
Wednesday, March 1st, 2023 as of 10.00 hours a.m.

TO BE AUCTIONED BASED ON THE EXECUTION OF AN EXECUTORIAL LIEN/ATTACHMENT (RULED BY THE COURT) ON SINT MAARTEN

A right of apartment including the right of exclusive use of a dwelling with

appurtenances on the ground floor, consisting of one (1) living-dining room, one kitchen, one bathroom, and one terrace, known as Simpson Bay Yacht Club 2B, Building 8, locally known as “La Paloma”, cadastrally and legally described in certificate of admeasurement number SXM SB 437A/1990 apartment index 2, with the 61/1376 undivided part and share in the common grounds, consisting of the building, the subsoil and the surrounding grounds, a the time of the division further described in certificate of admeasurement number SXM SB 222/1990, hereinafter referred to as the “property 2".

Reserved price for aforementioned title and rights to the immovable property  (being the minimum bid) will be ONE HUNDRED TWENTY-TWO THOUSAND DOLLARS AND FIVE HUNDRED DOLLARS CURRENCY OF THE UNITED STATES OF AMERICA (US$.122,500.00).

No possibility to enter a private bid on property 2.

An appraisal report is available on website www.notarymingo.com or upon request

 

The sales will take place under the customary auction conditions which are, by raised bid (in Dutch: “middels opbod”) subsequently by Dutch bid (in Dutch “afmijnen”) in one (1) session. The general as well if any special conditions on the auction, will be available at Notary office Mingo situated at the Fouress Building, Emmaplein, Philipsburg.

Every bidder or potential buyer has to identify him or herself and provide the civil law notary with a written guarantee by a banking institution (for example a bank letter/or banker’s check) for the payment of his or her bid and the additional and affiliated auction charges which are for the buyer (as stipulated in the general auction conditions of civil law notary Mingo). Civil law notary Mingo withholds the right to accept or deny any (private) bidder to partake in the bidding process or private bidding in the process of the public auction.

The buyer (successful and accepted bidder) shall pay the notarial fee, the registration stamps, the disbursements, transfer tax, cancellations of mortgage(s), annulment of attachment(s), costs and charges of the notarial authentic report(s) of the auction and the conveyance of title to and the registration of the immovable property in the name of the buyer in the Public Registers, deed of assignment (in Dutch: "Akte de Command"), deed of acquittance, the aforementioned bankguarantee, and remaining costs and charges pursuant to the general and particular conditions of the auction including the 1% Central Bank license fee if applicable and all banking charges involved to make payments to all third parties related to this sale at the public auction.

Interested parties are strongly advised/recommended to:

  • (i) to review the auction conditions before attending the auction;
  • (ii) to start requesting their bank guarantee at least four (4) weeks prior to the auction, come with a banker’s check or have the funds (being the amount of the bid the buyer wishes to place) deposited into the escrow account of the notary prior to the day of the public auction.

Descriptions are based on available evaluation reports, as some items may have not been (possible to be) inspected inside, and the given information might therefor not be accurate and buyers cannot hold the notary liable for the state of the immovable property.

 

Documents and Pdf  :