On Friday May 27 at 12 noon, auctioneer Colm O’Donnellan welcomed people into the auction room in the Harbour Hotel Galway, which was attended by a fantastic crowd. The auction was also broadcast remotely on the O’Donnellan & Joyce company website and social media platforms by Brandt Studios.
With more than 200 bidders registered for online bidding as well as a high number of phone and in-room bidders, it was a day of frantic bidding across many lots. A number of winning bids on the day came from international bidders in the UK and USA, who purchased their properties after viewing virtual tours.
The combination of modern technology, the live stream of the auction, and interaction with the auctioneer has been a huge success as Colm O’Donnellan maximises the price and the sale of the properties. The company continued its high success rate at the third of seven auctions of 2022 with over €4 million in sales revenue between sales during the auction and some post auction sales, with many of the remaining lots now under offer.
Commencing at 12 noon last Friday, bidders viewed the auction in person at the Harbour Hotel Galway and from the comfort of their own homes while bidding by telephone, proxy, internet bidding, and in the hotel. Some of the successful sales on the day include the following.
Lot 8 – Elite, No 102 Father Griffin Road, Salthill, Galway
Originally built in 1985, this property was extended and flawlessly refurbished in 2013 to bring it up to exceptional modern standards. This very special home was perfectly positioned at No 102 Father Griffin Road, within a leisurely stroll of Salthill Promenade and within walking distance of both Salthill village and Galway city centre. With seven spacious bedrooms, Elite is the ultimate family home and was sold on the day for €850,000
Lot 3 – House and land at Saint Peter, Coolough Road, Menlo
Guiding at €350,000, this lot requires renovation and upgrade works but there was still a huge level of interest. This lot also included approximately 8.91 acres of land, zoned Agriculture and High Amenity. Siobhra Hennessy, senior auction co-ordinator, noted that “there is an increasing demand for city centre homes in need of repair. Couples want to put their own stamp on a property and often look for properties similar to this.” Bidding on this lot concluded at €350,000.
Lot 6 – Gort an tSamhraidh portfolio, Claregalway Shopping Centre, Claregalway
This lot consisted of six self-contained residential apartments which comprises four three-bedroom and two two-bedroom units with independent off-street access. The development was constructed in 2006 and finished to a high standard with communal parking and an open plan balcony/terrace area. The apartments were positioned at first floor level above a ground floor commercial development. The auction for this lot was high paced. Bidding commenced at €600,000 and quickly rose to €820,000 before the hammer fell and the deal was done.
Lot 7 – Nos 1-9 The Courtyard, Claregalway Shopping Centre, Claregalway
Lot 7 consisted of a prime commercial portfolio known as Nos 1-9 The Courtyard which is located in the Claregalway Shopping Centre. The portfolio consists of nine self-contained retail units situated to the rear of Hughes' supermarket in the centre of Claregalway village. This property attracted a lot of interest from potential investors and bidding commenced at the AMV of €650,000, and it eventually went under the hammer for €690,000.
Lot 14 – No 14D Doughiska Road, Doughiska, Galway
This property was one bedroom apartment located within a block of four. The property attracted great attention from the market with many inquiries and bidders pre-registering to purchase the lot. The apartment would be an excellent investment and has ample communal parking to the front. Bidding on this lot commenced at the AMV of €105,000 and quickly concluded at a sale price of €118,000 after fast and intense bidding from interested bidders who tried to purchase via internet and telephone bidding.
Lot 17 – Nos 42-45 Mail Coach Road, Sligo
This prime mixed use investment property comprised two self-contained commercial units along with three overhead apartments. This lot had a huge number of bidders and after more than 40 bids the bidding, there was great excitement in the room when the hammer dropped to an ecstatic in-room bidder. The lot, which opened at €200,000, finished at €400,000, double the guide price, to the very happy purchaser.
Lot 24 – No 27 The Fairways, Westport, Co Mayo
This semidetached residence was located on the outskirts of Westport town. Although the property is in good condition throughout, it could still benefit from some refurbishment and upgrading. Nonetheless, this did not put off prospective buyers and after intense bidding, the final sale price was €240,000.
Lot 25 – No 17 Caiseal Ur, Bothar Stiofain, Knocknacarra, Galway
A superbly located four bed semidetached residence adjacent to Gateway Retail Park in Knocknacarra, with an AMV of €295,000. Situated in a well-maintained development, this residence has lots of amenities close by and is within easy access of Galway city centre by road and public transport. The bidding concluded at €315,000.
Lot 26 – No 3 Rathdubh House, Newport Road, Castlebar, Co Mayo
This three bedroom property attracted many willing buyers. This property, situated within walking distance of Castlebar town centre, was in excellent condition and the perfect starter home. With that in mind, many bidders pitched for the property, with bidding opening at the AMV of €85,000. After a quick stint of fast paced bidding, the sale concluded at €142,000.
This was the third of seven auctions of 2022. The company's next auction is taking place on Friday July 8 in the Harbour Hotel, Galway and promises to be an exciting one with a wide range of properties going for auction in Galway and across the country.
If you are thinking of selling your property, O’Donnellan & Joyce offers free ‘thinking of selling’ property valuations. To avail of the offer, simply call or email the auction team and a member of staff will arrange to carry out a valuation of your property.