INVESTMENT PROPERTY FOR SALE
Register details: North 59018B P193 SLB/1A (Jasmine)

Notice is hereby given that the Chargee, The Receiver for Caribbean Commercial Bank (Anguilla) Limited, shall sell by public auction the property listed below.

The auction will take place at 12:30pm on Friday 26th January, 2024 at Hannah Waver House, The Valley, Anguilla.

For particulars of sale and terms contact:
• Cube Credit Services Limited, Auctioneers P.O. Box 328, The Valley, Anguilla B.W.I.
• Email: info@cubeauctions.com; telephone: 264-497-3470 or visit the website at www.cubeauctions.com.
• On Facebook at Cube Credit Services Ltd., Anguilla Receivershipccbnba or Receivership of CCB & NBA.
• On www.anguillareceiver.com.

Property is sold as is.

This property is adjacent to the magnificent Shoal Bay beach which is rated number one on the island and may be one of the premier beaches of the Caribbean. The Shoal Bay beach area is predominantly resort in nature with several hotels and restaurants.

The location is moderately developed, in the heart of one of the island's tourist areas. The property comprises of two three-storey condominium buildings (the Northern Condo and the Southern Condo) each containing six units. Each villa comprises of two bedrooms, two bathrooms, living room, dining, kitchen and porch.

For sale is the unit known as Jasmine: Building B SLB/1A

If placed on the open market for lease or sale, this property is expected to prove very attractive and the investment therein is also expected to generate a feasible return.

Reserve Price: US$402,500

STATEMENT -JASMINE CONDO UNIT
CUBE CREDIT SERVICES LTD (“CUBE”) WOULD LIKE AT THIS POINT TO MAKE A STATEMENT AS IT RELATES TO THE SALE OF JASMINE CONDO UNIT WHICH COMPROMISES FOUNTAIN CONDOS GOVERNED BY THE ANGUILLA CONDOMINIUM ACT 2000 . THESE CONDOS ARE SUBJECT TO THE PROVISIONS OF DECLARATION OF FOUNTAIN CONDOS OPERATED BY THE FOUNTAIN HOMEOWNERS’ ASSOCIATION (“FHOA”) & BYLAWS , RESTRICTIONS AND COVENANTS. THIS CONDO IS SOLD “AS IS “ AND SUBJECT TO THE DECLARATION OF FOUNTAIN CONDOS & BYLAWS & RESTRICTIONS AND COVENANTS . THUS, POTENTIAL BUYERS HAVE A DUTY TO APPRISE THEMSELVES OF ALL THEIR OBLIGATIONS UNDER THESE REGULATIONS PRIOR TO PURCHASE. IN PARTICULAR, POTENTIAL BUYERS NEED TO BE AWARE THAT THEY WILL BE OBLIGATED TO PAY CERTAIN EXPENSES TO THE FHOA WHICH INCLUDES THE USAGE OF THE COMMON AREAS OF THE PROPERTY . ADDITIONALLY, POTENTIAL PURCHASERS MUST BE AWARE THAT CONDO OWNERS AUTOMATICALLY AGREE TO EMPLOY THE FHOA AS A RENTAL AGENT AND THE CONDOS WOULD BE SUBJECTED TO THE RULES, REGULATIONS OF THE RENTAL PROGRAM.

THIS INFORMATION PROVIDED BY CUBE IS FOR GENERAL INFORMATIONAL PURPOSES ONLY. CUBE MAKES NO REPRESENTATION OR WARRANTY OF ANY KIND , EXPRESS OR IMPLIED REGARDING THE ACCURACY ,ADEQUACY, RELIABILITY , AVAILABILITY OR COMPLETENESS OF ANY INFORMATION PROVIDED IN THIS STATEMENT. UNDER NO CIRCUMSTANCES SHALL WE HAVE ANY LIABILITY TO ANY PURCHASER FOR ANY LOSS OR DAMAGE OF ANY KIND INCURRED AS A RESULT OF THE USE OF THE STATEMENT PROVIDED OR RELIANCE ON THIS STATEMENT IS SOLELY AT YOUR RISK. ACCORDINGLY, WE ADVISE YOU BEFORE TAKING ACTIONS TO PURCHASE THIS PROPERTY YOU SHOULD HAVE ADVISED YOURSELF OR CONSULT AND OBTAIN LEGAL ADVICE OF THE NECESSARY LAWS, RULES , RESTRICTIONS , COVENANTS, DECLARATION & BYLAWS THAT PERTAINS TO THIS PROPERTY. ALL POTENTIAL PURCHASERS HAVE THE LEGAL DUTY TO CONDUCT THEIR OWN RESEARCH AS IT RELATES TO THE PROPERTY AND ARE RESPONSIBLE FOR DISCOVERING ALL THE NECESSARY INFORMATION AS IT RELATES TO THIS PROPERTY IN ADVANCE OF PURCHASE.