O’Donnellan and Joyce's July Wild Atlantic Way auction is shaping up to be the biggest of the year. This past weekend, open viewings commenced on most of the properties, with all properties to be available for viewing for the coming weekend.
Colm O’Donnellan of O’Donnellan & Joyce commented: "The open viewings were busy this past weekend, there is a variety of different buyers looking at the market at the moment. There are a large number of first time buyers, owner occupiers, and investors."
This auction in particular has a huge number of commercial and investment properties in prime locations across Galway city. This is definitely an auction for the investor, with a number of properties showing huge potential for development within the city centre and surrounding areas. One particular property is development land in Moycullen village extending to 3.25 acres with excellent potential and substantial frontage on the main Moycullen to Galway road. The lands are zoned town centre and commercial (CI ) which provide for high density residential/commercial development in the local area plan. This is an opportunity to acquire development lands where there is significant demand for residential housing. Moycullen village is within five miles of Galway city centre, while the commercial area has excellent facilities and conveniences. AMV: €800,000.
Other properties to note in the auction include the following.
Ruxton Court, Dominick Street, Galway
Superb opportunity to acquire a mixed use investment property in Galway city centre. The property is located on Dominick Street in an area known as Galway’s West End with all amenities at its doorstep. Accommodation comprises one ground floor retail unit currently occupied by Paddy Power bookmakers, two ground floor offices, one of which is occupied, one first floor office currently occupied, and three two bedroom apartments, two of which are occupied. Viewing is highly recommended for this prime city centre property. AMV: €850,000.
Garden Close, Shantalla, Galway
A block of four townhouses being sold as one lot. This is an attractive modern complex located just off Shantalla Road, Galway. The units are currently rented and are being sold with tenants in place. This would be an excellent investment opportunity with a guaranteed rental income. These units are superbly located close to the city centre, Salthill, NUIG, and UHG. Full rental terms will be available shortly. AMV: €900,000.
Kilrainey House, Church Road, Moycullen, Galway
The property is a detached block of five two bedroom apartments, which are being sold as one lot. There is ample car parking surrounding the building along with a large green area. Planning permission was previously granted, and subsequently extended until 2019, for a further four apartments under planning number 08/2879. It is located close to the village of Moycullen and within walking distance of all amenities and within 12km of Galway city. This is an excellent investment opportunity. AMV: €600,000.
Cottage and site at Ballybrit, Galway
Excellent development opportunity to the market. Zoned High Density Residential, the site comprises approximately 0.33 hectare (0.81 acre ) together with a semidetached bungalow on Folio GY42812. The site is located beside An Luasan development and close to Briarhill Shopping Centre and business parks at Ballybrit and Parkmore. AMV: €325,000.
Cathedral Buildings, Middle Street, Galway
Comprising 13 individual office units split over third and fourth floor levels, located in the city centre. The units are currently let to Engaged Studios which has been in situ since 2005 (there is no lease in place ), and are generating approximately €1,500 per month. Contains communal toilets and canteen area. The offices on offer extend to approximately 2,660sq ft in total. Ideal investment opportunity. The service charges are €6,500 per annum. AMV: €150,000.
No 2 Courthouse Square, Waterside, Galway
Five bedroom city centre residence with enormous commercial potential and a unique opportunity to acquire a city centre townhouse. This property is a true gem, located opposite the courthouse, and would be suitable as barristers’ rooms. With a large yard to the rear, this property would benefit from some refurbishment. AMV: €350,000.
Rusheen Bay Windsurfing, Barna Road, Knocknacarra, Galway
One of the best locations in Ireland for teaching water sports. This sale includes all buildings, equipment, phone, and website, together with approximately 1.5 acres of land (zoned Amenity ) with easy access to Galway Bay. Potential for future development subject to planning permission. Turnkey business ready for operation. Excellent repeat business from summer camps, language schools, school tours, corporate and sports group team building, birthday parties, and hen and stag parties. Individual and group lessons, and weekend package tours. Licence for use of Rusheen Bay from the Department of Arts, Heritage and the Gaeltacht (transferable to new owner for same activities ). AMV: €200,000.
No 4 Priory Road, The Claddagh, Galway
Excellent central location, strolling distance to both Galway city centre and Salthill. Two bed mid-terrace property would be an ideal investment or starter home. Rear garden offers southwesterly aspect and there is on street parking to the front of the property. Only five minutes' walk to Quay Street and all city centre amenities. AMV: €195,000.
No 9 Caladh Mor, Woodquay, Galway
Perfect city centre residence and, due to its central location, a quality investment. Lovely three bed end of terrace townhouse spread over two floors. This beautiful modern townhouse is in mint condition throughout. Located in a small development of 16 apartments/townhouses overlooking a landscaped courtyard and is the perfect city residence. AMV: €190,000.
No 9 St Mary's Terrace, Taylor's Hill, Galway
A magnificent family home in a superb location combining style and elegance, this five bedroom mid terrace townhouse is only a short stroll from Galway city centre, close to a number of excellent schools and Salthill Promenade. One of the finest houses to come on the market. Immense character and charm, retains many of its original characteristics. A wonderful family home in a wonderful family location. AMV: €750,000.
No 2B Tara Grove, Wellpark, Galway
Five bedroom semidetached property located within a stone’s throw of Cluain Mhuire which is the arts campus of GMIT. This property is presented in superb condition. Wellpark is regarded as a superb location – this is an ideal owner occupier home or indeed a great investment, as GMIT and NUIG are within easy reach, and the city centre is just a leisurely stroll away. AMV: €270,000.
No 3 Pointe Boise, Salthill, Galway
Magnificent ground floor two bedroom apartment presented in excellent condition throughout. Bright and spacious with open plan living and kitchen area. The property has two fully tiled bathrooms. There is also patio space with panoramic views of Galway Bay and Salthill Promenade. Ideally located only a short stroll to Salthill and Galway city centre. AMV: €250,000.
No 1 Glenview House, Upper Salthill, Galway
Situated in the heart of Salthill, Glenview House is a privately owned, well managed, apartment complex. This spacious first floor apartment has two sizeable bedrooms, bathroom, and generously spacious kitchen and living room. With well over 70sq m in living space the property offers ample storage, is presented in excellent condition, and has been modernised throughout by the current owners. AMV: €200,000.
See the agent's website www.odonnjoyce.com, www.myhome.ie, and www.daft.ie to view the full list of properties on offer which includes properties in areas such as Galway city and county, Mayo, Roscommon, Sligo, Donegal, and Limerick.
Details are available from the auction team at O’Donnellan & Joyce auctioneers, 5 Mary Street, Galway, 091 564212.