Saturday, March 7, 2015

PNB Naga Auction

The Philippine National Bank has set up an auction of acquired properties in Albay, Catanduanes, Camarines Sur, Camarines Norte, and Sorsogon.

The auction will take place on Thursday, March 26, 2015. Bidders, brokers, and referrers may proceed to the Avenue Plaza Hotel, located along Magsaysay Avenue in Balatas, Naga City. Auction proper will start at 2:00 p.m.

Purchase proposals submitted prior to the auction will be treated as valid bids. Proposals must be submitted to the PNB Special Assets Management Head Office - Pasay before 3:00 p.m. on March 20, 2015.

Among the assets up for auction are the following:

ITEM A1
Type: Residential/Commercial
Lot Area: 3,359 sqm
Address: Lot 220 along National Highway and Canuto Street, Brgy. San Antonio, Pili, Camarines Sur
Mininum Bid Price: P22,850,000

ITEM A2
Type: Commercial
Lot Area: 51,631 sqm
Floor area: 1,180 sqm
Address: Lot 1-C-2-B-4-C-2 Roxas Avenue, Diversion Road, Brgy. Of Tabuco, Naga City
Mininum Bid Price: P450,000,000

ITEM A3
Type: Commercial
Lot Area: 2,282 sqm
Address: Lot 7-A, 7-B, Lot 8, Lot 9, Lakandula Drive, Brgy. Gogon, Legaspi City, Albay
Mininum Bid Price: P5,766,000

ITEM PB8
Type: Residential
Lot Area: 150 sqm
Address: Lot 11 Block 1 Menor Subdivision, Brgy. San Roque, Mercedes, Camarines Norte
Mininum Bid Price: P105,000

ITEM PB26
Type: Residential
Lot Area: 200 sqm
Floor area: 100 sqm
Address: Lot 4-K-2 Block 137 Eco Avenue, Poblacion, San Roque, Mercedes, Camarines Norte
Mininum Bid Price: P710,000

ITEM PB29
Type: Agricultural
Lot Area: 28,738 swm
Address: Lot 569 Brgy. Cagnipa, Lagonoy (Now Presentacion), Camarines Sur
Mininum Bid Price: P240,000

ITEM PB35
Type: Residential/Agricultural
Lot Area: 5,381 sqm
The Philippine National Bank (PNB) has set up an auction of acquired properties in Albay, Catanduanes, Camarines Sur, Camarines Norte, and Sorsogon.

The auction will take place on Thursday, March 26, 2015. Bidders, brokers, and referrers may proceed to the Avenue Plaza Hotel, located along Magsaysay Avenue in Balatas, Naga City. Auction proper will start at 2:00 p.m.

Purchase proposals submitted prior to the auction will be treated as valid bids. Proposals must be submitted to the PNB Special Assets Management Head Office - Pasay before 3:00 p.m. on March 20, 2015.

Among the assets up for auction are the following:

ITEM A1
Type: Residential/Commercial
Lot Area: 3,359 sqm
Address: Lot 220 along National Highway and Canuto Street, Brgy. San Antonio, Pili, Camarines Sur
Mininum Bid Price: P22,850,000

ITEM A2
Type: Commercial
Lot Area: 51,631 sqm
Floor area: 1,180 sqm
Address: Lot 1-C-2-B-4-C-2 Roxas Avenue, Diversion Road, Brgy. Of Tabuco, Naga City
Mininum Bid Price: P450,000,000

ITEM A3
Type: Commercial
Lot Area: 2,282 sqm
Address: Lot 7-A, 7-B, Lot 8, Lot 9, Lakandula Drive, Brgy. Gogon, Legaspi City, Albay
Mininum Bid Price: P5,766,000

ITEM PB8
Type: Residential
Lot Area: 150 sqm
Address: Lot 11 Block 1 Menor Subdivision, Brgy. San Roque, Mercedes, Camarines Norte
Mininum Bid Price: P105,000

ITEM PB26
Type: Residential
Lot Area: 200 sqm
Floor area: 100 sqm
Address: Lot 4-K-2 Block 137 Eco Avenue, Poblacion, San Roque, Mercedes, Camarines Norte
Mininum Bid Price: P710,000

ITEM PB29
Type: Agricultural
Lot Area: 28,738 swm
Address: Lot 569 Brgy. Cagnipa, Lagonoy (Now Presentacion), Camarines Sur
Mininum Bid Price: P240,000

ITEM PB35
Type: Residential/Agricultural
Lot Area: 5,381 sqm
Address: Lot No. 322 Brgy. Toytoy, Caramoran, Cataduanes
Mininum Bid Price: P2,153,000

ITEM PB38
Type: Residential
Lot Area: 207 sqm
Address: Lot 8, Block 2, Raod Lot, Brgy. Cambulaga, Sorsogon, Sorsogon
Mininum Bid Price: P166,000

Auction
Approach your nearest PNB branch or refer to the PNB Website. for the complete list of properties for bidding. Interested parties are advised to to abide by auction rules, guidelines, and procedures. 

Terms of Payment
Winning bidders can pay via cash or by installment. Under a Regular Sale, interest rates are fixed at 6% for up to 5 years, or fixed at 8% for 5 to 10 years. For properties bought at P5 million or less, eligible under PNB's Pabahay Bonanza Program, interest rates are fixed at 6% for up to 10 years, or fixed at 8% for 10 to 20 years. The Pabahay Bonanza requires a 20% deposit from bidders. To know more about the Pabahay Bonanza, click here. [insert link: http://www.pnb.com.ph/index.php/personal-banking/asset-management/pabahay-bonanza]

Bidders
Bidders are advised to exercise due diligence and examine the physical and legal conditions of the property prior to the auction. Bidders must also prepare a deposit of P25,000 in cash or manager's check to participate. 

Installment Buyers
Installment buyers must prepare their proof of income (eg. ITR, certificate of employment, bank statement, etc.)

Brokers and Referrers
Brokers and referrers should be present at the auction to qualify for commission. Inidividuals must register through PNB's Marketing Department as a broker or referrer during the auction. For more details, call (02) 891-6040 loc. 4538 or email refer@pnb.com.ph. Contact person: Jenny Vi / Ricky.

Auction Inquiry
For any inquiries, contact PNB through the following:

PNB Special Assets Management Group - Customer Service
Trunklines: (02) 526-3131 to 80 or 891-6040 loc. 4713 / 4539
Cellphone no.: (+63) 907 507 8385
Email: properties@pnb.com.ph

Regional Asset Management Center - Naga City
Tel. no.: (054) 472-8077
Cellphone no.: (+63) 907 507 7176
Email: engueroap@pnb.com.ph

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