Friday, February 6, 2015

PNB to auction San Carlos properties in Negros Occidental

A major local bank in the country, the Philippine National Bank has scheduled a public auction of acquired real estate assets located in San Carlos City, Negros Occidental

The auction will take place 2:00 p.m. on Wednesday, February 18, at the PNB branch on V. Gustilo St., San Carlos City, Negros Occidental.

The bank's assets consist of an extensive roster of residential, commercial, and agricultural properties, with bidding prices from roughly P100,000 to P4.6 million.

Item S1, at P4,582,000, stands as the most expensive asset -- a residential property measuring 2,291 square meters in lot area, located in Brgy. Vi, San Carlos City.

At a bid price of P102,000, the least expensive asset, Item S41, is a residential property with 14,558 square meters in lot area. It is located in Brgy. Quezon, San Carlos City.

Among orgwe featured assets, PNB offers the following in San Carlos:

Item S7: a commercial lot measuring 210,986 square meters, located in Brgy. Prosperidad, San Carlos City. Minimum bid price: P1,688,000.

Item S18: an agricultural lot measuring 50,579 square meters, located in Brgy. Rizal, San Carlos city. Minimum bid price: P809,300.

Interested parties are advised to refer to the complete list of assets and abide by auction rules and guidelines, available from PNB. Bidders are advised to exercise due diligence and examine the physical and legal conditions of the property prior to the auction. Winning bidders must deposit 10% of the offer price, acceptable in cash or manager's check only. 

As for 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 sold 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.

For inquiries, call (02) 573-4115 or (02) 573-8-PNB loc. 8762. 


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