Final auction of 2013 promises to end the year on a high for DNG Maxwell Heaslip & Leonard

No 16 Gort Na Coiribe

A spacious ground floor two bedroom apartment, this O’Malley built property is one of a purpose-built scheme designed to cater for lettings to the under-supplied NUIG student market. Built to the highest standards, the apartment is very well finished with a particular emphasis on keeping everything low-maintenance. Constructed in 2002, the development is within a short walk of the university campus and just 10 minutes from the city centre. In 2012 the unit generated an income of almost €8,000, net of all costs and expenses. For those looking for a guaranteed return on their investment, coupled with a top class location, then this ticks all the boxes. With a most attractive AMV of just €110,000, there is much to catch the eye of prospective buyers. The solicitor with carriage of sale is Michael Molloy, Blake & Kenny, St Francis Street, Galway.

Galboley, Bullaun, Co Galway

The third lot to be offered to the market is an outstanding detached residence in the popular rural location of Galboley on the outskirts of the picturesque village of Bullaun in Loughrea. A dormer residence with just over 2,000sq ft of living space, this well presented family home is both bright and spacious and is in turnkey condition. On a site of 0.5 acre, the house is finished to an exceptional standard with extensive tiling throughout, a modern cream shaker kitchen, and top class carpets, all very well maintained. It is just half a mile from Bullaun village where there is a national school, a shop, pub, and the local GAA grounds are easily accessible. Loughrea is 7km away and Galway city is a 35 minute commute. With a modest guide price of €85,000, this impressive property will certainly catch the eye of those seeking a quality family home in a peaceful rural location. Ken Byrne of Ken J Byrne solicitors, 17 Rock Hill, Blackrock, Co Dublin, is in charge of the carriage of sale.

No 52 Mullan Mor, Tuam Road, Galway

Built in 2006, this excellent two bedroom, ground floor, apartment is part of a modern complex of mainly two and three bedroom apartments and is being offered to the market in pristine condition with wood floors, a fully integrated kitchen and utility room, two double bedrooms, and a rear garden. Close to numerous business parks and within easy access of the city centre, these apartments offer excellent year-round rental yields and are an ideal investment opportunity for those seeking an alternative to the poor rates available in the financial institutions. Being sold fully furnished and with ample parking, this superb apartment is coming to the market with an advised minimum value of €90,000. John O’Neill of John O’Neill & Co solrs, Bridge Street, Loughrea, will handle the carriage of sale.

Parcel of land, 6.5 acres, Ballyglunin

This is a lovely parcel of land at Laraghmore, Ballyglunin, a location steeped in agriculture with great potential. The lands can be accessed either from Galway via Turloughmore, or from Athenry or Tuam. This 6.5 acre plot, which is fully walled in, fronts onto the R347 Tuam-Athenry road, with additional frontage on to an adjacent secondary road. There are local schools and shops close by and the property is being sold with the benefit of full planning for 16 detached houses and associated services. This land may also be suitable for a scaled down development of individual homes. Alternatively, this is top quality agricultural land that will undoubtedly appeal to local landowners wishing to expand their holding. With a guide price of €50,000, full details and maps for this parcel can be obtained on request. The solicitor in this instance is Sheena Beale of Kane Tuohy solicitors, Grand Canal Quay, Dublin 2.

No 86 Gort Na Coiribe

A mid terrace, three storey townhouse, this property, similar to the aforementioned No 16, is also part of the award winning O’Malley development and is currently being rented under the fully managed student accommodation programme. The townhouse sleeps five and generates a great annual rental income with the net figure for the past 12 months at €13,500. As with all of the units in the development, the property is very well finished, includes all contents, and has the benefit of plenty of parking. Being sold with tenants in place, the presence of an on-site management office gives the investor further confidence that this investment is rock solid. With a guide price of €140,000 this represents excellent value. Michael Molloy of Blake and Kenny solicitors, St Francis Street. Galway, will handle the carriage of sale.

Coole Demesne, Gort

Situated approximately 1km on the Galway side of Gort town, this well located family home is in a picturesque setting close to the grounds of Coole Park. Comprising almost 1,300sq ft of living space, this beautifully presented bungalow is finished to a high standard and is being sold in walk-in-condition with oak floors, extensive tiling, recessed lighting, double glazing, and oil fired central heating. Ideal for the first time buyer, this fine family residence is in a gorgeous location with a really attractive aspect. It is on a site of 0.6 of an acre of mature manicured lawns and is in turnkey condition, ready for immediate occupation. Being offered with a hugely attractive AMV of €125,000, this is an opportunity to purchase a quality home in a wonderful setting. Ian Foley of Ian J Foley & Co solrs, 17 Gray Office Park, Headford Road, Galway, is in charge of the carriage of sale.

No 2 Lios Ealtan, Nile Lodge

Number 2 Lios Ealtan is situated just off The Crescent and is just a five minute walk west to Salthill, and an equally short walk east to the city centre. In excellent condition throughout, this ground floor two-bedroom property in Nile Lodge is ready to walk-in to. Part of a well presented development of apartments and townhouses, this unit comes with secure gated parking, its own private entrance, and c625sq ft of living space. Its central location is probably this apartment’s greatest attribute and as a result, has the potential to earn €10,000 a year in rental income. With the advised minimum value a very realistic €115,000, this will appeal to either an astute investor looking for a decent return, or for those seeking to downsize to a much sought after location. Martin Mulroy of Mulroy & Company solicitors, 4 University Road, Galway, will handle the carriage of sale.

Mount Street, Claremorris,

Co Mayo

This former public house is located on Mount Street on the Balla road, Claremorris. The property is a three storey terraced premises in the centre of the town. Comprising a ground floor commercial space of almost 1,000sq ft, the property has three apartments overhead (two two bedroom units and one one bedroom unit ). Until recently the ground floor was trading as a licensed premises, but is no longer trading as such. With some renovation, the space could be used as a retail unit which could generate a decent income due to its proximity to the town centre. Being offered to the open market with a advised minimum value of €70,000, this represents excellent value for a property with excellent potential returns. The solicitor with carriage of sale is Brendan Dillon of Dillon solicitors, Nutgrove Office Park, Rathfarnham, Dublin 14.

The auctions take place tomorrow at 3pm in the Radisson Blu Hotel, Lough Atalia. The auctions can be viewed live online at dnggalway.ie and advertiser.ie

Further details can be obtained by contacting any of the auction team at DNG Maxwell Heaslip & Leonard at 091 565261.

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