Properties For Sale By Mortgagee

By The National Insurance Property Development Company Limited For The National Insurance Board Of Trinidad And Tobago.

Reference No. 001 Unit Type: Townhouse
13 Morne Haven Condominiums,
Gilkes Street, Diego Martin
2 bedrooms, 2 bathrooms on 1,025 sq. ft of Leasehold Land – 999 years from 1975 (953 years left)
Condition: Good
Price: $1,250,000.00
Viewings: 5th, 10th, 13th, 16th & 19th August 2022
Time: 9:30 a.m.

Reference No. 002 Unit Type: Land
19 Orange Flats,
off Eastern Main Road, Arima
Land only.
Vandalized property on 5,160 sq. ft of freehold land.
Price: $450,000.00
Viewings: 12th, 15th, 17th & 24th August 2022
Time: 10:30 a.m.

Reference No. 003 Unit Type: Townhouse
Unit 2 Gordon Street Townhouses,
6 Gordon Street, St. Augustine
2 bedrooms, 1.5 bathrooms on 689 sq. ft. Leasehold land – 943 years from 1962 (883 years left)
Condition: Needs Repairs
Price: $700,000.00
Viewings: 11th, 18th, 20th, 23rd & 26th August 2022
Time: 10:00 a.m.

BIDDING INFORMATION

1. Closing date for receipt of ALL bids will be on Monday, 29th August, 2022 at 2:00 p.m.
2. Property must be viewed before bids are submitted.
3. Bidders must use the prescribed forms available. (Forms found below)
4. Each bid must be accompanied by a non-refundable bid fee of One Hundred Dollars ($100.00) as evidenced by a receipt.
5. Bidders may collect deposit slips for payment of the bid fee at 56-60 St. Vincent Street, Port of Spain.
6. Separate bids must be deposited in specially marked boxes located at NIBTT Corporate Headquarters, 14-19 Queen’s Park East, Port of Spain, Monday to Friday between the hours of 8:00 a.m. and 4:00 p.m.
7. Each bid must be sealed in a letter size manila envelope labelled and addressed as follows:
   “SALE BY MORTGAGEE”
   Property Reference No. & Unit/Lot Type
   Corporate Secretary
   NIBTT Corporate Headquarters
   14-19 Queen’s Park East
8. Upon acceptance of a bid, a 10% down payment must be made within fourteen (14) days.
9. Each property is sold subject to outstanding rates and taxes.
10. The Company does not bind itself to accept the highest or any bid.
11. Bids will be opened at NIBTT Corporate Headquarters on Monday, 29th August, 2022 at 2:30 p.m. and bidders are invited to witness the event.
12. Contact us at 625-8749/50 extension 4602 or 4603 for an appointment to view.