O’Donnellan & Joyce’s final spoilt for choice property auction will be held tomorrow (Friday ) at 3pm in the Victoria Hotel, Eyre Square.
The auction received a massive boost in the Budget when the Minister for Finance outlined the exemption from Capital Gains Tax for investors who purchase properties and hold them for seven years. This significant change in legislation is bound to attract investors along with an increase in mortgage interest relief for first time buyers.
The O’Donnellan & Joyce auction this Friday includes a substantial number of residential and commercial investment properties along with country family homes. According to Colm O’Donnellan there is tremendous variety on offer in this auction with incredible discount values. The changes provided in the Budget, along with a reduction in the interest rates, make these properties even more attractive. The following is a list of the properties on offer.
No 19 The Waterfront, Bridge Street, is a two bedroom apartment in the heart of Galway city centre overlooking the weir. The AMV on this property is €110,000. The solicitor with carriage of sale is Patricia Bambury, MG Ryan & Co, Abbeygate Street, Galway, (091 ) 564011.
No 35 Merchants Dock, Merchants Road, is a two bedroom apartment in the heart of the city centre with an excellent rental income. The AMV is €115,000. The solicitor with carriage of sale is Patricia Bambury, MG Ryan & Co, Abbeygate Street, Galway, (091 ) 564011.
No 9 Rosán Glas, Rahoon Road, is a four bedroom semidetached residence, in mint condition. The AMV is €145,000. The solicitor with carriage of sale is Deirdre O’Connor, DM O’Connor, Cross Street, Galway, (091 ) 569170.
A majestic 5,000sq ft home on Kingston Road, just off Taylor’s Hill, is without a doubt the jewel in the crown of this auction. The AMV is €750,000. The solicitors with carriage of sale are John Dunne, McGinn solicitors, 61/63 Dame Street, Dublin 2, (01 ) 6725942; and Gerry O’Donnell, O’Donnell Watters, Merchants Dock, Galway, (091 ) 568880.
Also on offer is a bungalow in Menlo which the auctioneers describe as peace and tranquillity on the edge of the city. The AMV is €150,000. The solicitor with carriage of sale is David Sweeney, Sweeney McGann, 67 O’Connell Street, Limerick, (061 ) 418277.
A detached three bed residence at Lydican, Oranmore, is in a rural setting but less than five miles from Galway city centre. The AMV is €150,000. The solicitor with carriage of sale is Breda Tierney, Kieran Murphy & Co, 9 The Crescent, Galway, (091 ) 587171.
Also going under the hammer are gilt-edged three bed residential investments at No 188 Glasán and No 143 Glasán, Ballybane, located directly adjacent to the gates of GMIT. The AMV on each is €85,000. The solicitor with carriage of sale for No 118 is John V Glynn, Patrick Hogan & Co, Dunloe Street, Ballinasloe, (090 ) 9642110. The solicitor for No 143 Glasán is Timothy O’Sullivan, 37 Molesworth Street, Dublin 2, (01 ) 6622800.
No 2 Caladh Mór, Woodquay, is a two bed apartment within walking distance of all facilities, making it an excellent investment. The AMV is €85,000. The solicitor with carriage of sale is Susan Egan, Emerson & Conway, St Francis Street, Galway, (091 ) 565093.
Coen House, Salthill, a wonderful four bed detached residence located just on the edge of Salthill, was totally refurbished and modernised within the last two years. The AMV is €200,000. The solicitor with carriage of sale is Stephanie Niland, VP Shields, Athenry, (091 ) 844008.
A unique stone facade residence with charm and character at Baunmore, Claregalway, comes with planning permission to extend to the rear. The AMV is €110,000. The solicitor with carriage of sale is Michael Fitzpatrick, Pierse & Fitzgibbon, Market Street, Listowel, Co Kerry, (068 ) 50900.
Also up for auction are offices on Flood Street comprising 750sq ft of modern offices in the heart of the city centre. The AMV is €110,000. The solicitor with carriage of sale is Kieran Murphy, Kieran Murphy & Co, The Crescent, Galway, (091 ) 587171.
A bungalow at Bushypark overlooking the River Corrib is surrounded by a mature sylvan setting. The AMV is €330,000. The solicitor with carriage of sale is Maureen Harewood, 13 Mill Street, Galway, (091 ) 561160.
No 5 Knocknacarra Road is a three bedroom detached residence located in a popular residential area. The AMV is €250,000. The solicitor with carriage of sale is Paddy Keane, Hardiman House, Eyre Square, Galway, (091 ) 566767.
No 12 St Bridget’s Place Upper, Woodquay, is a very attractive dormer style two storey end of terrace residence. The AMV is €130,000. The solicitor with carriage of sale is Maria O’Brien, Henry Comerford & Co, 3 Montpelier Terrace, Sea Road, Galway, (091 ) 582316.
No 3 Grattan Terrace, Claddagh, is an exceptional terraced residence, which was recently renovated. It is in a superb location. The AMV is €230,000. The solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co, The Halls, Quay Street, Galway, (091 ) 562037.
The auction will take place at 3pm on Friday December 16, in the Victoria Hotel, Galway.
For further details contact Colm O’Donnellan (087 ) 2887446, Tony Joyce (086 ) 2529110, or Anne Harding (086 ) 8173335, or the O’Donnellan & Joyce offices on (091 ) 564212.