Value, value, and more value will be on offer when O’Donnellan & Joyce places 15 properties up for auction tomorrow (Friday ) at 3pm in the Victoria Hotel.
Colm O’Donnellan of O’Donnellan & Joyce said this is the largest auction ever to be held in the west of Ireland and is a tremendous opportunity for buyers to pick up prime Galway city properties at substantial discount prices. O’Donnellan & Joyce will have a great variety of properties on offer, from detached houses on large sites to semidetached homes in the city, suitable for both first time buyers and family homes, or prime residential detached houses located in Salthill and Taylor’s Hill, and investment properties that would give annual yields of up to 10 per cent and above.
With the euro in turmoil and property prices down 60 per cent, prime properties such as those on offer at O’Donnellan & Joyce’s auction make a safe haven for money. The order for Friday’s auction will be as follows:
The first property to be auctioned will be St Jude’s in Clarinbridge, which is an executor sale. It has an AMV of €140,000. This four bedroom detached residence in excellent decorative order and repair is located on a 1.4 acre site within easy access of Clarinbridge village. This is an exceptional sale with space in abundance. The solicitor with carriage of sale is Susan Egan, Emerson & Conway solicitors, No 1 St Francis Street, Galway, phone (091 ) 562531.
The second property to be auctioned is No 68 Devon Park, Salthill. With an AMV of €260,000, this is an attractive semidetached residence which is located in one of Galway’s most popular residential areas and within walking distance of Salthill and Galway city centre. This would be the perfect family home with a substantial rear garden and every facility at your doorstep. The solicitor with carriage of sale is Deirdre O’Connor, DM O’Connor & Co solicitors, Cross Street, Galway, phone (091 ) 569170.
The next property for auction is a detached residence at No 5 Seaman Drive, Riverside. This property, which is a real doer-upper, is in a popular residential development less than a mile from the city centre. With an AMV of €90,000, this has to be one of the best bargains of the day. Solicitor with carriage of sale is Mary Conlon, RG Emerson & Co, 13 Cross Street, Galway, phone (091 ) 562550.
The fourth property to be auctioned will be No 180 Bohermore, located only five minutes’ walk from Eyre Square. This property comprises a ground floor retail unit with a two bedroom modern apartment overhead. The property, which has been totally refurbished and modernised within the past five years, provides the ultimate investment and has potential to provide yields of up to 12 per cent. It has an AMV of €120,000 and the solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co, Quay Street, Galway, phone (091 ) 562037.
The next property to be auctioned is a detached residence at No 97 Seacrest, Knocknacarra. With an AMV of €200,000, this is incredible value for a detached residence in such a location. Situated in the sought-after residential area of Seacrest, the property has a modern interior. Even though it is in need of slight refurbishment, it would provide the ultimate family home in the ultimate location. Solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co, Quay Street, Galway, phone (091 ) 562037.
The following property for auction will be No 86 Glasán, Ballybane. This is a potential investment property and was previously a section 50 student accommodation. With tax relief now gone, the property is available to rent to students or whoever else you may wish. Located just off the entrance to GMIT, there is a guaranteed rental income with this property which would produce a yield anywhere between 10 per cent and 12 per cent. Solicitor with carriage of sale is Aoife Cadden, Fair & Murtagh solicitors, Society Street, Ballinasloe, phone (090 ) 9650000. This property has an AMV of €80,000.
The seventh property to be auctioned is No 41 St Mary’s Road, located within walking distance of NUIG, the city centre, and all major facilities. This mid-terrace, which would either be an investment or a family home, is being sold at the knockdown price of €220,000. Solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co solicitors, The Halls, Quay Street, Galway, phone (091 ) 562037.
The eighth property to be auctioned is number 13 St Mary’s Road. This property is situated in one of Galway’s most desirable residential areas. The house is full of character and charm and enjoys some of the largest gardens, both back and front, in this locality. The AMV is €330,000 and the solicitor with carriage of sale is Peter Casserly, Semple & Co solicitors, Lough Corrib House, Waterside, Galway, phone (091 ) 567371.
The next property to be auctioned is No 19 Sycamore Court, Renmore. The property, which would provide the perfect starter home in the established residential area of Renmore, has three large bedrooms. In addition there is a self-contained apartment to the side which produces an income in excess of €400 per month. The AMV is €170,000, Solicitor with carriage of sale is Jennifer Carpenter, Geoffrey Browne & Co, No 24 Dock Street, Galway, phone (091 ) 568713.
No 50 Devon Park, Salthill, is an executor sale. This property, in a popular residential location, is one of the most distinctive properties in this locality and has a number of design features internally giving it the potential to become an outstanding family home. With an AMV of €250,000, the solicitor with carriage of sale is Aine Feeney, Feeney solicitors, first floor, Lismoyle House, Merchants Road, Galway, phone (091 ) 534200.
The 11th property is No 3 Moyola Park, Newcastle, which is an executor sale. Having an AMV of €200,000, the property is a four bedroom semidetached residence situated directly adjacent to the gates of NUIG, and is an incredible investment or equally suitable as a family home with charm and character and space in abundance. Solicitor with carriage of sale is William Sandys, Sandys & Brophy solicitors, 6 Sea Road, Galway, phone (091 ) 582546.
The next property is a terraced residence at No 188 Upper Salthill, Galway. This property which is located just at the edge of Salthill can be used for residential purposes but may have commercial potential also, given its perfect location. The property is in pristine condition and has an AMV of €210,000. The solicitor with carriage of sale is Billy Loughnane & Co, Courthouse View, Ennis, Co Clare, phone (065 ) 6890888.
Directly after that will be possibly one of the finest family homes on offer — a detached residence at No 34 Rockbarton Park. Built within the last 10 years, this is an exceptional home in an exceptional location, within walking distance of Salthill Promenade and all major facilities. The property has an AMV of €499,000 and the solicitor with carriage of sale of Deoiri Forde, JM Forde & Co solicitors, Sea Road, Galway, phone (091 ) 582980.
The 14th property to be auctioned is located in the prime residential area of Taylor’s Hill. Xavier is situated on a substantial site and has planning permission for demolition and permission for reconstruction of a more modern detached residence on the site. It has an AMV of €550,000 and the solicitor with carriage of sale is Liam Young, O’Shea Barry solicitors & Co, 4 Wellington Road, Dublin 4, phone (01 ) 6670277.
The final property to be auctioned will be Cor na Ron, Inverin. This property is without doubt one of the finest on offer on the day. Containing 10 bedrooms, it is located on a two acre site overlooking Galway Bay and the surrounding countryside, and offers direct access onto Sandy Cove beach. The AMV is €150,000 and the solicitor with carriage of sale is Kevin McNamara, Kieran Murphy & Co, 9 The Crescent, Galway, phone (091 ) 587171.
Colm O’Donnellan of O’Donnellan and Joyce said that this is an auction that people should not miss. He said it is possibly the finest selection of properties with such attractive reserve prices ever to be offered for sale in one auction.
For further details contact O’Donnellan & Joyce on (091 ) 564212.