June 22, 2016

100 Shares of Stock (Not Publicly Traded), or 10% Interest, in Harmony Island Owners Ltd and Owns Harmony Island, Hotham Sound, British Columbia, Canada!

Item Id: Hanson01
Case Name: Hanson, Charles F & Nancy Shortess Hanson
Case Number: 13 11578
Trustee:
Starting Minimum Bid: $10,000

Description: Estate’s interest in 100 shares of stock in Harmony Island Owners, Ltd of Washington (state). This share of stock equates to 10% ownership of the corporation which exists for the purpose of owning and maintaining the island knows as ‘Harmony Island in Hotham Sound, British Columbia, Canada. The Legal Description of the property/Island is, ‘District Lot 4825, Group1 New Westminster District PID 015-942-147’. The total assessed value for the property/Island is $887,000 CAD which equates to approximately $691,888 USD.

The corporation was formed in March of 1990 and shareholders maintain sole responsibility for the maintenance of the Island. At the present time and according to the terms of the Shareholder Agreement, there share be more than 10 shareholders. The Island itself is 6.2 acres and is private. Harmony Island is a park-like natural gem, one of the very few private islands within such close proximity to Vancouver. This 6 acre island is the ultimate private get away. Ideal for a private retreat, special interest group and solid long term real estate investment. The Eastern side of the Island, closest to the mainland is completely protected and is the ideal location for moorage.

The island is very unique. It is covered in mature trees and consists of roughly 80% of the land mass. The main portion of the island has fantastic little bays, beaches and an expansive views out over Hotham Sound, Jervis Inlet and Nelson Island. There are numerous building site locations each offering something entirely different. Freil Lake falls on the mainland. Roughly ½ a mile south of the property is a cascading waterfall that drops approx. 1,400 ft down a shear granite rock wall to the ocean which provides a spectacular back drop to the island. If you have travelled BC Ferries from Earls Cove to Saltery Bay you can see the waterfall off in the distance. Harmony Island virtually sits right on its door step.

There is a total due in past due taxes assessed to the debtor by the Ltd, in the amount of $4,476.00.

Location Info: Harmony Island is located 90 km from Vancouver in Hathom Sound. Easily accessible from numerous nearby ports in Egmont, Pender Harbour or Saltery Bay to the North. Vancouver is only 90 km away, making for a quick float plane trip or 2.5 hours by boat direct from Vancouver.

Liens: There is a total due in past due taxes in the amount of $4,476.00. We do not know of any other liens.

*Picture is of general area, not representative of actual property.*

Bidding Guide: Please review the bkassets.com bidding guide for terms of auction prior to placing a bid or making an offer..