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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