Percival’s property back on auction block!
A property previously put up for auction by the National Bank of the Virgin Islands (NBVI) and removed after a fundraising effort to assist the owner, Dameon Percival, is once again up for public auction.
According to an official notice, the auction will occur tomorrow, October 17, at 10 am in the conference room at the offices of O’Neal Webster, Barristers & Solicitors, located in Commerce House, Road Town, Tortola. This is not the first time Percival’s property has faced auction.
Previously, the property was saved from the auction table due to a fundraising initiative to help the former radio personality and former Director of the Taxi & Livery Commission settle his outstanding debts. However, despite an effort that raised roughly $30,000 in June 2023, the property has again come under the hammer as the National Bank of the Virgin Islands exercises its power of sale under the Registered Land Act.
The property in question is located in Tortola’s Martin Spring Ghut area. It consists of a 0.283-acre plot developed with a single-storey residential dwelling. The house includes two bedrooms, two bathrooms, and a covered porch. There is also a storage area on the lower level of the property.
The property sits on a hillside with views stretching from Beef Island to Virgin Gorda, offering a scenic and desirable location. Situated about 10 to 15 minutes from both Road Town and the Terrance B Lettsome International Airport, the location is considered convenient for many potential buyers.
The reserve price for the property has been set at $312,900. The notice further explains that interested parties are encouraged to submit sealed bids or written confirmation of their interest by 4pm. today, October 16. Although sealed bids are being accepted, the bank is not obligated to accept the highest or any bid. It retains the right to pursue legal proceedings to enforce any accepted bid. The sale is being handled by O’Neal Webster, solicitors for the National Bank of the Virgin Islands, and copies of the sale’s particulars and conditions can be obtained from their offices.
Potential buyers are reminded that participating in the auction is a serious legal commitment. As the notice states: “A bid or sealed offer which is accepted by the Bank is binding on the bidder, and the Bank may bring legal proceedings against the bidder to enforce the agreement.”
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Besides having cuss it has 0 yard.
That’s what you have escavators for. Make a yard by landscaping
.2 acres,
That property has no room for further excavation..no parking unless on the porch and no space for turning..backout only..Open the door nd it hits the neighboring fence.
It doesn’t worth it
Why is this in the news? is this the only property owner? If he did something wrong, please sue him and move on.
Them Bias.It got other people way behind and them dont action the property .Set of good for nothing at the bank.
that property looks way less than what they want for it, i wouldn’t even offer half of 300k
Where may we review,on line,other properties if any that are in line to be auctioned?
312,900 for what we see in this picture? LOLOLOLOLOLOLOLOL. I’ll give you 110,00.00 final offer. That’s a generous offer.
Nobody in their right mind will spend more than $200K on that s**t! It needs another $200K to make it look like a decent property. Shameful.
These clowns that waste their money helping him is probably the same people who fund fat Albert to pay for his lawyer fees
But yea free the drew
Free westbank etc
I want my money back from the fake fundraiser!
Why is this of any interest to John Q. Public?
If you know the whole story like many civil service employees you will understand the relevance. The lesson is don’t bite the government hand that pays you!
Somebody smoking a chillum in the bush
Lets shake on $125k and call it a day
I would not have paid the loan for this neither
The house looks unfinished but where is spring ghut? Why that price? The bank charging for view now.
Mr. Percival living like a third world native from Papau New Guinea in all those bush, what is he doing with his money since he always needs help?
He’s driving around in his brand new beel. Guys got his priorities straight
Basically 313k. Yall must be crazy; maybe in the 100k range.