Success was on the cards again for The Connacht Property Auction last Thursday, September 13, as the company sold 86 per cent of the lots offered at the public auction in The Menlo Park Hotel, Galway. Lots offered on the night included residential properties, commercial buildings, sites, and investment properties from across Connacht including Galway, Mayo, Leitrim, and Roscommon.
Brian Christy, sales manager, noted: “The success of our auctions is down to the extensive marketing campaign we undertake in Ireland and abroad in the lead up to the auction while also working in close partnership with our network of 50 local partner estate agents from throughout the province. We are also the only auction company in Ireland who do not have any entry or marketing fees to enter a property into auction, so the pressure is on us to ensure we get results for our clients.”
One of the more popular lots offered to the floor was a fine two storey farmhouse on c1.25 acre. Meanus, Kilrickle, Loughrea, was sold successfully in partnership with Keary auctioneers. The property was offered at bids over €85,000 and bidding was brisk before the hammer fell at €112,000.
An attractive four bed detached property, excellently located in the beautiful village of Carraroe, was sold in partnership with DNG Martin O’Connor. An Sean Teach benefited from stunning country views and the vendor accepted a bid of €165,500 prior to the live auction.
Another popular lot at the event was an excellent investment property in Newport, Co Mayo. Nine apartments in Lios Mor, Newport, were brought to market in partnership with O’Malley Properties and these saw strong interest in the weeks leading up to the auction. Bids came in quick succession for this conveniently located property before the hammer came down on the final bid of €400,000.
In partnership with Property Partners Emma Gill, the auction team offered for sale an ideal renovation project in Ballinasloe, Co Galway. The property, which was sold in partnership with Tyrrell’s auctioneering, consisted of a five bed bungalow on a c3.7 acre site which received strong local interest and sold for €35,000.
Elsewhere in Roscommon, a two bed, top floor, apartment was sold in partnership with Oates auctioneers. No 19 Stonecourt offered a strong rental yield and the auction team noted there were inquiries from local buyers and from elsewhere in Ireland and abroad. Potential buyers were quick to try to secure the property and after over almost 20 bids, the property sold for €72,000.
In Mayo, in partnership with Property Partner Emma Gill, the auction team offered for sale a fine three bed mid-terrace house on the main street of Hollymount village. The property offers close proximity to all local amenities and proved to be very popular with local buyers. The property was offered at bids over €35,000 and sold at the auction on Thursday to a bidder in the room for €45,000.
The company is now taking entries for its final auction of the year on November 22. Previous years have shown that September to November are particularly strong months for property sale and the auction team are keen to speak to property owners who are considering bringing their property to the market.
Contact The Connacht Property Auction on 091 882 121 to arrange for a free property valuation, or for more information visit www.connachtpropertyauction.ie