LOCATION AND DESCRIPTION The subject property is an office lot located on level 6 of a 10 storey building with lifts and 4 level car park and bearing postal address Xxxx Xx. 000, Xxxxx 0, Xxxxx X0, Xxxxx Dagang Setia Jaya, Xx. 0, Xxxxx XXX 0/0, 00000 Xxxxxxxx Xxxx, Xxxxxxxx Xxxxx Xxxxx. Accommodation:- General office area and A/C Ledge. RESERVE PRICE The property will be sold on an “as is where is” basis and subject to a reserve price of RM124,800.00 [RINGGIT MALAYSIA: ONE HUNDRED TWENTY-FOUR THOUSAND AND EIGHT HUNDRED ONLY], and the Conditions of Sale by way of an Assignment/Transfer from the above Assignee/Bank or Developer and subject to the consent being obtained by the Purchaser from the relevant authorities, if any, including all term, conditions, stipulations and covenants which were and may be imposed by the relevant authorities. The Assignee/Bank will bear the outstanding charges of the property (including developer/proprietor/management office’s service/maintenance charges, sinking fund, quit rent and assessment, late penalty charges) up to the date of auction sale only but subject to a maximum amount of 50% of the Reserve Price of the subject property. The successful bidder (“the Purchaser”) shall have firstly settled all sums outstanding due and owing to the relevant authorities or the developer/proprietor/management’s office in respect of the said Property and forward a copy of the receipt of payment together with outstanding bill/statement of account to the Assignee/Bank or the Assignee/Bank’s solicitors within sixty (60) days from the date of the sale, unless there has been prior agreement by the Assignee/Bank otherwise. The successful bidder (“the Purchaser”) shall be liable to pay any arrears of taxes, utilities charges (telephone bills, electricity bills, water bills (for landed property) and sewerage charges) which may be due in respect of the said property together with the payment of administrative cost and legal fees in respect of the Assignment/Transfer and/or the consent from the Developer of the said property. All intending bidders are required to deposit 10 % of the fixed reserve price BY BANK DRAFT before commencement of Auction made in favour of STANDARD CHARTERED BANK MALAYSIA BERHAD for (Xxxxx Xxx Xxxx & Xxx Xxxxxx Xxxxx Xxxxx) and pay the difference between the initial deposit and the sum equivalent to 10% of the successful bid price either in cash or bank draft or cashier’s order to the Assignee/Bank. The balance of the purchase price is to be settled within Ninety (90) days from the date of the sale via XXXXXX/BY BANK DRAFT made payable to STANDARD CHARTERED BANK MALAYSIA BERHAD for (Xxxxx Xxx Xxxx & Xxx Xxxxxx Xxxxx Xxxxx) to Messrs Seow & Megat Solicitors for the Assignee/Bank. Alternatively intending bidders who are interested to bid online are required to deposit 10 % of the fixed reserve price by BANK DRAFT in the name of STANDARD CHARTERED BANK MALAYSIA BERHAD for (Xxxxx Xxx Xxxx & Xxx Xxxxxx Xxxxx Xxxxx) via Pos Laju services (Pos Malaysia) or by hand to the Auctioneer at least one
