O’Donnellan & Joyce predicts large crowd at tomorrow’s auction

Colm O’Donnellan.

Colm O’Donnellan.

After six weeks of auction progression O’Donnellan & Joyce anticipates a large crowd at the Victoria Hotel tomorrow for the first of its spring auctions. “Over the past number of weeks we have had open viewing twice a week on all eight properties and facilitated private viewings also,” said Colm O’Donnellan of O’Donnellan & Joyce. “Open viewings were busy for the duration of the process and there were many requests from clients interested in putting offers on some properties. As a result of this 11 The Green was sold prior to auction, contracts have been signed, and its owners are very happy that a very good price was achieved.”

To purchase a property prior to auction the purchaser has to be willing to sign the contract in advance of the auction and pay 10 per cent deposit on signing, the sale of a property prior to auction is treated like purchasing at auction — it is non-conditional.

There is a wonderful selection of properties going under the hammer tomorrow and the owners of all properties are very anxious to sell. As a result very realistic reserves have been set on each property and the value is unbelievable. For example, a large bungalow standing on c 1.3 acres in Ardrahan is coming in with a price tag of €150,000. Rose Cottage, a magnificent split level family home just outside Moycullen, goes under the hammer at €380,000. No 8 Devon Park, Salthill, is listed at €180,000, while around the corner from it No 16 Lower Salthill is listed at €290,000. A lovely bungalow on a large corner site at No 123 Crestwood, Menlo Road, guides at €290,000, and No 15 Heather Grove, Ballybane, is a giveaway at €135,000, while in the city No 17 Williams Street West containing four one bed apartments and a large ground floor commercial unit goes into the auction room at the remarkable price of €450,000.

As with all O’Donnellan & Joyce auctions this bumper auction will be held in the Victoria Hotel at 3pm tomorrow, Friday April 8. O’Donnellan & Joyce is the leading auctioneering company for auctions in Galway and indeed in the west. The company has vast knowledge of the auction process coupled with many years of experience in the field. In 2010 it had 80 per cent success rate of sales within the auction room, with another 15 per cent of the properties that were withdrawn selling immediately afterwards.

The O’Donnellan & Joyce May auction will take place on Friday May 20, as this date is heavily booked already anyone wishing to be listed on that day should contact Colm O’Donnellan on (087 ) 2887446, Tony Joyce on (086 ) 2529110, or Anne Harding on (086 ) 8173335.

 

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