Notice of Public Auction
Location and Time
Charles R. Bell Room
Royal Newfoundland Yacht Club
Thurs July 21, 2011 at 5:00 PM
O’Dea’s Realty and Auction Room will be selling, by public auction,
1981 C&C Landfall 38 named "Pathfinder"
To register for the auction, bidders are required to submit a $5000 deposit, by bank draft or money order, payable to “O’Dea’s Realty and Auction Room in Trust” by 4 PM on Tues , July 19, 2011. The vendor reserves the right to reject or accept late registration. Deposits will be received by Chris O’Dea with contact data as follows:
O’Dea’s Realty and Auction Room
24 Waterford Heights North
St. John’s, NL, A1E 1G6
Web site : www.odea.ca
The survey report for the 1981 38 ft C&C Landfall, dated April 2008, can be seen at www.odea.ca
Only registered bidders will be permitted to attend the auction.
For the successful bidder, the $5000 deposit will be credited towards the purchase price and the deposit is non refundable. The difference between the deposit and purchase price will be due by noon on July 28, 2011, by certified cheque or money order payable to “The Estate of Jon Cardinal” and delivered to the accounting office of David Hood at Grant Thornton, located at 187 Kenmount Road.
If the successful bidder withdraws for any reason, the deposit will be forfeited with the proceeds applied to the estate. For those not successful in acquiring the boat at auction, deposits will be returned in full
Bidders will be required to sign acknowledgement of the terms of the auction upon presentation of the deposit.
Any person bidding on behalf of another person must provide the estate with a copy of a written authority and such authority will be subject to approval of the estate: otherwise the bidder will be taken to be acting on their own behalf
The boat is being offered for sale on an HST exclusive basis as the estate is not an HST registrant and will not be collecting HST. HST, if applicable, is the responsibility of the purchaser.
The boat is located at station 21 at the Royal Newfoundland Yacht Club. Inspection can be arranged by calling Steve Porter at 693-2519 (area code 709).
Bidders are expected to have read a copy of the surveyor’s report presented at www.odea.ca and to have conducted their own due diligence and determined the condition and suitability of the boat prior to the auction. The buyer shall accept the property in an “as is” condition as of the closing date and the buyer agrees that neither the estate of Jon Cardinal or the auctioneer makes any representation or warranties of any kind whatsoever, expressed or implied, to the buyer as to the condition of the boat. All descriptions provided by the estate or the auctioneer are to be used as a guide only, and subject to verification in a form that may be appropriate and as determine by a registered bidder.
The estate reserves the right to sell the boat in advance of the auction.
A reserve (minimum below which the boat will not be sold) will apply and the estate reserves the right to keep the reserve amount in confidence until the final bid is presented at the auction. The estate may also, at it’s choosing, decide to disclose the reserve to interested parties as the estate deems fit to do so.
For additional information, please call Chris O’Dea at 685-6559 (area code 709)
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