Leading Galway estate agency firm DNG Maxwell Heaslip & Leonard sold No 105 Upper Salthill for a record figure of €1.8 million, the highest figure recorded for a residential property in the Salthill area by public auction.
One of 10 lots in last week's much anticipated auction, the period residence on a site of 0.5 acre, turned out to be the star lot in a packed auction room in the Galmont Hotel, with more than 200 buyers and onlookers in attendance.
Being offered to the market with an guide price of €1 million, the property went to the auction floor with an opening bid of €900k, with six bidders involved. Auctioneer James Heaslip skilfully worked the auction floor and, after a slow start followed by an intense period of frantic bidding, it took less than 20 minutes for Heaslip to eventually drop the gavel in front of an enthralled audience.
The property is widely regarded as being one of the most attractive residentially zoned sites to come to the market in recent years, with huge development potential. Jack Fitzgerald of acting solicitors Kennedy Fitzgerald sols confirmed that the site was bought in trust by a locally based legal firm.
The auction saw almost €2.5 million in sales, in what was a hugely successful afternoon for the sales team in DNG Maxwell Heaslip & Leonard. The agent is now in the process of lisitng for its May 10 auction.
To bring a property to auction, contact any of the team at 091 565261.