DNG September auction looks set to attract astute investors to avail of tax incentives

34 Crescent Court

34 Crescent Court

With a notable change in the weather and back to school looming, the auction team at DNG Maxwell Heaslip & Leonard have slipped back into gear, and this week launched their September series of auctions for 2014.

Following a brief respite after their successful July auctions, the team have been busy finalising the details for the auction which will take place on September 26 in the Radisson Blu Hotel, Lough Atalia.

“We have seen a steady increase in sales throughout the year and a very definite appetite to buy, both in the owner occupier and investor markets,” said James Heaslip MIPAV. The September auction reflects this appetite to buy and sees the company bring to market a total of 11 lots, some of which will appeal to owner occupiers, while astute investors will undoubtedly be interested in many of the lots.

“In this auction we see an emphasis on properties which will appeal to investors due to the demand for such properties, given the tax incentives which apply to property purchased before the year end,” Mr Heaslip added. “Investors who complete the purchase of a property prior to the year end and who keep the property for a minimum of seven years will be able to enjoy an exemption from capital gains tax on any profits earned on the property. As a result of this tax incentive, keen interest is expected by investors in this upcoming auction.”

No 34 Crescent Court, Fr Griffin Road

This stunning three bedroom duplex townhouse is located in a modern mixed residential and commercial development close to the centre of Galway city. Comprising 970sq ft over two floors, the living area offers spectacular views over Galway city. Bright and spacious, this contemporary designed townhouse is in excellent condition and viewing is highly recommended. The property is guiding an AMV of €200,000 and open viewings will take place every Wednesday and Saturday from 4.30pm to 5.30pm. The solicitor with carriage of sale is Conor Bunbury, c/o Paul Lynch & Partners, Carmody Street, Ennis, Co Clare.

No 60 Bun an Cnoc, Rahoon

A spacious four bedroom semidetached house situated approximately two miles from Galway city centre and easily accessible to good public transport. Private parking to the front and a south facing rear garden are two of the features of this well maintained property, which also has attic storage with Velux windows and wooden panelling. No 60 is located in a quiet cul-de-sac with no through traffic. The AMV for this property is €160,000 and open viewings will take place on Wednesdays and Saturdays from 11am to 12 noon. The solicitor with carriage of sale is Tom O’Regan, Tom O'Regan solicitors, Salthill, Galway.

No 16 Gort na Coiribe, Headford Road

This is a two bedroom ground floor apartment in a purpose built development close to NUIG and Galway city centre. Part of a modern complex of mixed residential units, the apartment is currently let under a pooled student rent scheme offering excellent yields. In excellent condition, the apartment is being sold fully furnished with an on-site management company overseeing the day to day operations. This is an ideal investment property, guiding an AMV of €110,000. Open viewings will take place on Saturdays from 12.30pm to 1.30pm. The solicitor with carriage of sale is Michael Molloy, Blake & Kenny solicitors, Francis Street, Galway.

Inverin, Co Galway

This residence in Kilroe East, Inverin, comes to market in need of total refurbishment. Situated on a circa three acre site with 115 metres of road frontage, the property requires extensive renovation and affords an opportunity to purchase in a location with normally restrictive planning. The house is c800sq ft with two outhouses. The AMV for this property is €90,000 and viewings are by appointment. The solicitor with carriage of sale is Ciara Lennon, RDJ Glynn, Aengus House, Long Walk, Galway.

No 46 Aengus House, Dock Street

A beautiful three bedroom duplex apartment situated overlooking Galway Harbour and Galway Bay, within a short stroll of the Latin Quarter and city centre shopping. In excellent condition, this bright and spacious apartment is being sold with over 900sq ft of living space and a private rooftop terrace garden. A city centre property with unrivalled views, ready to walk into and close to all the city has to offer. The AMV for this property is €230,000 and open viewings will take place on Wednesdays and Saturdays from 3pm to 4pm. The solicitor with carriage of sale is Michael Molloy, Blake & Kenny Solicitors, St Francis Street, Galway.

No 134 Gort na Coiribe, Headford Road

A four bed end of terrace duplex townhouse in the much sought after Gort na Coiribe development adjacent to NUIG. Built by O'Malleys, the property is completed to the highest standards, with extensive tiling and wood floors throughout. In excellent condition, this spacious investment property sleeps five and is part of a very successful, fully managed pooled rent system, generating an excellent net rental yield. This is an ideal opportunity to acquire a top class rental property. The AMV for this property is €145,000 and open viewings will take place on Saturdays from 12.30pm to 1.30pm. The solicitor with carriage of sale is Lewis Doyle, Nuala M Ford solicitors, St Augustine Street, Galway.

No 7 Rockbarton Court

A bright and spacious two bed ground floor apartment comprising of 600sq ft of living space. This excellent apartment is situated in one of the city’s most sought after locations, close to all amenities including numerous schools, recreational areas, and Salthill Promenade. This is a prime opportunity to acquire a top class apartment in a top class complex. The AMV for this property is €170,000 and open viewings will take place on Wednesdays and Saturdays from 4.30pm to 5.30pm. The solicitor with carriage of sale is Michael Molloy, Blake & Kenny solicitors, St Francis Street, Galway.

No 52 Dun Aengus, Dock Street

A stunning four bedroom townhouse in the much sought after O'Malley-built Dun Aengus development overlooking the docks, this spacious property has approximately 1,400sq ft of living space. With four large bedrooms, three bathrooms, and a bright open plan kitchen/living room, this property is suitable for buyers, investors, and owner occupiers alike. No 52 is within a short walk of Galway city centre and all amenities. The AMV for this property is €210,000 and open viewings will take place every Wednesday and Saturday from 3pm to 4pm. The solicitor with carriage of sale is Kieran Murphy, Kieran Murphy & Co, 9 The Crescent, Galway.

No 5 Ceannt Avenue, Mervue

Built in the mid 1950s, this is a delightful four bedroom, end-terrace house in one of Galway’s most mature areas. This home is close to a range of local shops, GMIT, and a host of other amenities. At 1,100sq ft this is a perfect first time buyer opportunity with mature and private gardens. The house has been extended at ground level to provide an additional bedroom and kitchen, which is invaluable for a growing family. This home has been immaculately maintained with many extras and is ready to walk into. The AMV for this property is €120,000 and open viewings will take place every Wednesday and Saturday from 11am to 12 noon. The solicitor with carriage of sale is Brian Geraghty, Geraghty & Co solicitors, 1 Rosemary Avenue, Eyre Square, Galway.

No 86 Gort na Coiribe, Headford Road

A three storey mid-terrace residence in Gort na Coiribe on the Headford Road, just minutes from NUIG and the city centre. Part of a purpose built, fully managed development, the property offers an ideal investment opportunity with excellent rental yields. Finished to a high standard, the townhouse sleeps five people and is currently let as part of the student accommodation programme and is fully managed by the on site management company. The AMV for this property is €140,000 and open viewings will take place every Saturday from 1.30pm to 2.30pm. The solicitor with carriage of sale is Michael Molloy, Blake & Kenny solicitors, St Francis Street, Galway.

No 166 Gort na Coiribe, Headford Road

A third floor penthouse apartment in the ever popular Gort na Coiribe development on the Headford Road close to NUIG and Galway city centre. Comprising 70sq m, this bright and spacious unit is being sold with a large balcony and wonderful views. In excellent condition throughout, this extremely well located property will appeal to those seeking a prime investment with an attractive rental yield. The AMV for this property is €145,000 and open viewings will take place on Saturdays from 1.30pm to 2.30pm. The solicitor with carriage of sale is Lewis C Doyle, Ford & Associates, Augustine Court, St Augustine Street, Galway.

The auctions will take place on Friday September 26 in the Radisson Blu Hotel, Lough Atalia, at 3pm.

Full details are available by contacting the agents, DNG Maxwell, Heaslip & Leonard on 091 565261 or by visiting dnggalway.ie

 

Page generated in 0.2720 seconds.