29Apr
Public Notice of Auction
The first stage of the auction will take place on May 15, 2025, at 12:00, at 40 Sayat Nova Ave., off. 82/31, Yerevan. Each next stage of the auction will be held on the next business day on the same premises at the same time.
The auction organizer is BST LLC (the “Organizer”), which will hold a public auction of the below listed lot (the “Lot”) through an English (ascending price) auction during the first 30 stages and Dutch (descending price) auction thereafter.
Terms of the auction:
- Apartment with a total area of 36.24 sq. m located at 7/10 Argishti St., apt. 91, Kentron, Yerevan.
- Starting price: AMD 36,600,000
- Fee: 1 percent of the Lot purchase price (the “Fee”)
- The Lot is pledged.
The following documents are required for participation in the auction:
- For individuals: identity document and certificate of participation issued by the Organizer (the “Participant’s Certificate”), which will be also a proof of the deposit payment.
- For legal entities: the charter, state registration certificate, identity document and proof of powers for the official of the legal entity or their representative, participant’s certificate
The auction winner will be the person who has offered the highest price before the third blow of the auctioneer’s hammer. The auction winner will pay the Lot price and the Fee within 2 (two) business days following the auction date, offsetting the amount of the deposit. If the buyer fails to make payments within the specified period, the Organizer may consider the auction results to be invalid. The seller and the buyer may agree to set other timing for the payment of the Lot price and the amount of the installments.
The deposit payment for participation in the auction is 1 (one) percent of the current starting price of the Lot, and its payment deadline is 4:00 PM on the business day preceding the day of each auction stage. The deposit payment should be made through a transfer to the account # 2470103374150000 with Ardshinbank CJSC or another account indicated by the Organizer. Where the cash limit stipulated by the Armenian laws is not exceeded, it can be also paid in cash at the Organizer’s cash desk at the auction venue. Where the winning participant is a tax agent, the procedure for the payment of the Lot price will be determined together with the seller within the agreed time frames.
You can see the Lot every business day after the day of this notice until the day preceding the day of auction opening, from 10:00 AM to 6:00 PM. For this purpose, please call the number specified below and arrange your visit with the Organizer in advance. To get familiarized with the auction regulations and obtain its free counterpart, please contact the Organizer at the address below.
The Organizer may amend and supplement this notice in the same manner as this public notice of auction was made. For any further information please call the phone number specified below or visit the websites indicated below.
Email: llcbst@yahoo.com
Address: 40 Sayat-Nova Ave., off. 82/31, Yerevan, Armenia
Phone: +374 11 56 45 13
Website: www.llcbst.am, www.akson.am