The Victoria Hotel is expected to be a hive of activity for the first O’Donnellan & Joyce auction of 2012, which will take place next week on Friday February 24.
O’Donnellan & Joyce is synonymous with auctions in the west and next week’s event is the first of many auctions the company is planning for 2012. Already the list is growing for the next auction which is scheduled to be held on Friday March 30. Auctions are the preferred method of sale for banks and receivers, and it seems that more and more people are also opting for auction because of the closure it brings.
“Typically once one of O’Donnellan & Joyce’s agents meets with a client who intends to place a property up for auction, to the first date of advertising and hence to the auction is usually no longer than eight weeks,” said Anne Harding of O’Donnellan & Joyce. “For people who wish to get their property sold fast it is the best method because on the day of the auction a binding contract is signed and a 10 per cent deposit is paid, so in theory the property is sold and neither party can change their minds.”
Understandably the success of any auction is predominantly based on pricing and location. It is now a buyers’ market and if potential purchasers believe a property offers value for money the interest will be high in that property. There can be several values placed on any property — the aspirational value of the owner, the value the estate agent puts on the property, and the real value, which is what the purchaser is prepared to pay for it on the day.
A diverse range of properties will be on offer at next week’s auction. Residential investment properties include two three bed townhouses in Glasan, the student village at GMIT, and one large three bed apartment in Gleann na Trá, Sandy Road, which is opposite Galway Bay FM. One commercial investment property will be offered, namely a large Texaco filling station with shop in Ballyhaunis. There will be family homes in areas such as Kilcolgan, Renmore, Knocknacarra, St Mary’s Avenue off Taylor’s Hill, and one partially built family home and a half acre site with full planning permission in Gort Árd, Clarinbridge. This is a wonderful variety of property and all are on offer with very low reserves.
No 49 and No 87 Glasán, the student village at GMIT, are large three bed townhouses that sleep four people. Glasán is a superb development that provides accommodation for students, and during the summer months the units are rented out for summer letting. The development is managed by Winters Property Management which looks after everything so the owners of the properties do not have to do anything once they purchase them. Both houses come fully furnished and are in great condition. Both units are on offer at an unbelievable €85,000 each. The solicitors with carriage of sale are Brian Doherty, Doherty & Co, Saville House, New Dock Street, Galway, phone 091 567083, for No 49; and Geraldine O’Malley, WB Gavin & Co, 4 Devon Place, The Crescent, phone 091 583197, for No 87.
No 38 Gleann na Trá, Sandy Road, is a large three bed apartment presented in walk-in condition. Having been rented for some time, the property has been complete cleared out and redecorated so that it is ready to be lived in. This is a fabulous elevated property that features a large entrance hall with a generous storage closet, living room with wooden floor and double doors opening into the kitchen/dining room. The kitchen/dining room is located to the rear of the property and has a south facing aspect. Double doors open from the dining area to a large 12’ x 8’ balcony. A good size breakfast bar separates the dining area and the kitchen. The kitchen is fitted with maple units. On the first floor are three double bedrooms, with the master bedroom en suite, and a large bathroom. With a price tag of €110,000 this offers great value for money. The solicitor with carriage of sale is Fidelma Bane, First Floor, The Plaza Offices, Headford Road, phone 091 762642.
The Texaco filling station in Ballyhaunis is being sold on the instructions of the liquidator for Edenville Trading Ltd (in liquidation ) Conor O’Boyle, Commerce House, Flood Street, Galway.
This is a great opportunity to acquire a high profile petrol station/supermarket/off licence on the main Galway/Ballyhaunis road on edge of Ballyhaunis town. This is one of the best known petrol stations and supermarkets in the area and benefits from passing traffic as well as business from its catchment area. It has a frontage of 390ft onto the main Galway/Ballyhaunis road along with a substantial forecourt. The supermarket/off licence extends to 4,000sq ft and is recognised as one of the busiest in the locality. The solicitor with carriage of sale is Ciara Lennon, RDJ Glynn, Aengus House, Long Walk, phone 091 594777.
No 21 Sliabh Árd, Knocknacarra, is a fabulous four bedroom family home, located in a very popular development and presented in immaculate condition. This home is finished to a very high standard and offers many extras including solid hardwood floors in the large living room to the front, and porcelain tiling extending from the entrance hall through to the kitchen/dining room. A high Velux window in the kitchen adds extra light to an already bright room. There are four large bedrooms on the first floor and the master bedroom has an extra large en suite. The attic is floored and has a Velux window, and could easily be converted to extra living space subject to planning permission. With a price tag of €165,000 this is good value for money. The solicitor with carriage of sale is Maeve Carroll, Bell & Carroll, 212 Middle Street, phone 091 533777.
No 107 Ashleigh Grove, Knocknacarra is a fine four bedroom home located in a quiet cul-de-sac minutes from Knocknacarra church. Although in need of some refurbishment, this family home has all the rudiments to be transformed into a fine modern residence. It has a fine size living room with double doors opening into the kitchen/dining room. There is a large utility off the kitchen. On the first floor are four bedrooms, with the master en suite, and a fine size bathroom. The rear garden has a south west aspect which ensures sun all day. Going into the auction room at €150,000 this should be popular with first time buyers. The solicitor with carriage of sale is Jerome Gallagher, McAllindin & Gallagher, Ashbourne Town Centre, Ashbourne, Co Meath.
No 13 Renmore Park is a superb four bed semidetached home in excellent condition. Originally a three bed, it has been extended to the rear to create a fine family home. The extension comprises a double bedroom en suite and a dining room. To the rear of the house is a large garden, 45’ long, with a large workshop. There is a garage to the front which could easily be converted (subject to planning ) to create more space if required. The house is fully wheelchair accessible, has a lovely garden to the front, and boasts off-street parking. Renmore Park has long been associated with owner occupied homes and it has a great community. The AMV on this fine family home is €170,000. The solicitor with carriage of sale is Peter Crowley, CP Crowley & Co, Merchants Road, phone 091 566131.
No 11 St Mary’s Avenue, Taylor’s Hill, is a hidden gem. Built in c1882, this was once a gate lodge to one of the large estates in the area, and offers a unique home with character and history. The house is in need of upgrading, but for someone with a passion for this type of property this would not be a chore. Located just off Taylor’s Hill and Lower Salthill, it would be a perfect first time buyer’s home, a magical home to retire to, or a holiday home. The AMV is €160,000 which is fantastic value for this location. The solicitor with carriage of sale is Brendan O’Connor, DM O’Connor, Cross Street, phone 091 569170.
Also for auction is a property at Tooreen West, Kilcolgan, an exclusive four bed dormer standing on c0.5 acre of immaculately manicured and professionally designed gardens. Located just three miles from Kilcolgan and three miles from Kinvara, it nestles among a collection of equally magnificent homes on a superb residential road. This property was constructed in 2002 and extends to 2,100sq ft. It is finished to the highest possible standard and boasts a fabulous solid maple kitchen with granite worktops and island top. The sale includes carpets, curtains, blinds, light fittings, and all top of the range kitchen appliances and utility appliances. The price on this majestic family home is €250,000. The solicitor with carriage of sale is Joseph O’Hara, O’Hara & Co, Cross Street, Athenry, phone 091 844045.
A partially constructed house in Gort Árd, Clarinbridge, is being sold on the instructions of receiver Simon Coyle of Mazars. Located within one mile of the village of Clarinbridge, this property is being sold ‘as is’. It extends to 225sq m and stands on a half acre site. The finish is shell and core and it offers a great opportunity for the potential purchasers to finish this large home to their own taste. The AMV is €90,000. The solicitor with carriage of sale is McSweeney & Co, Lismoyle House, Merchants Road, phone 091 532532.
A half acre site at Gort Árd, Clarinbridge, is being sold on the instructions of receiver Simon Coyle of Mazars. This site has full planning permission for a detached house of 225sq m. The AMV is €50,000. The solicitor with carriage of sale is McSweeney & Co, Lismoyle House, Merchants Road, phone 091 532532.
As with all O’Donnellan & Joyce auctions this auction on Friday February 24 will be held in the Victoria Hotel at 3pm. Anyone wishing to purchase at this auction, and who cannot be in attendance on the day, can avail of the company’s phone bidding facility. To avail of this facility you must register with O’Donnellan & Joyce a few days prior to the auction with ID and evidence of mortgage approval. A deposit of 10 per cent of the asking price for the property you wish to bid for must also be lodged with the company, along with power of attorney for signing the contract. Call 091 564212 to discuss this facility.
O’Donnellan & Joyce will hold its major pre-Easter auction on Friday March 30. A large number of properties are already booked in for this auction. Advertising will commence on Thursday March 1 with open viewing commencing on Saturday March 3.
Anyone wishing to have a property included in this auction should contact Colm O’Donnellan on 087 2887446, Tony Joyce on 086 2529110, or Anne Harding on 086 8173335.