O’Donnellan & Joyce will hold the first of its summer auctions tomorrow (Friday ) at 3pm in the Victoria Hotel, Eyre Square, Galway. According to auctioneer Colm O’Donnellan there will be extraordinary value on offer. This auction includes a variety of properties, from a hotel in Oughterard to investment properties, family homes, and development sites.
The first property to be auctioned is the site at No 61 Upper Newcastle, Galway. The property, which is located close to the gates of NUIG, is an incredible development opportunity. On the site there is a semi-derelict property which could be refurbished to its former glory if desired. The site also comes with full planning permission to demolish the existing residence and construct two luxury houses. No 61 Upper Newcastle is a very high profile location on the main Newcastle Road, within walking distance of the city centre, UHG, and NUIG. It comes with an AMV of €150,000. The solicitor with carriage of sale is Kieran Murphy, Kieran Murphy & Co, 9 The Crescent, Galway, 091 587171.
The second property to be auctioned is a four bedroom semidetached residence at No 26 The Green, College Road, Galway. Located just off Eyre Square, this magnificent semidetached residence is in mint condition and maintained to the highest of standards by its present owners. Accommodation comprises lounge, kitchen/dining room, utility, four bedrooms, bathroom, and en suite off the master bedroom. The property would provide a gilt edged residential investment due to its convenient location, or an outstanding home. The AMV is €220,000. The solicitor with carriage of sale is Harry Bell, Bell & Carroll, 21 Middle Street, Galway, 091 533777.
The third property is No 70 Windfield Gardens, Clybaun Road, probably one of the most outstanding homes to come on the market in recent months. This four/five bedroom detached family home, comprising 1,900sq ft, is located in a quiet cul-de-sac. This residence contains a double bay window, a very attractive brick façade, spacious interior, and top class fixtures and fittings. The AMV is €300,000. The solicitor with carriage of sale is Karina Doyle, Lewis C Doyle & Co, St Augustine Street, Galway, 091 549300.
The fourth property is an investment property at No 90 Dun Aras, Bishop O’Donnell Road, Galway. Better than money in the bank is how the agent describes this three bedroom townhouse of circa 850sq ft. It is a gilt edged residential investment with a guaranteed rental income of nine per cent. This investment property, leased to the students of NUIG, offers a year round rental income and an excellent return on investment. The AMV is €85,000. The solicitor with carriage of sale is Brian Doherty, Brian Doherty &Co, Seville House, Dock Street, Galway, 091 567083.
The next property to be auctioned is the Corrib Hotel, Oughterard, long regarded as the landmark property in Oughterard. The hotel is in need of refurbishment and modernisation and stands on a magnificent site of 1.25 acre. It has front and rear access with substantial parking. The hotel comprises 8,000sq ft with 18 bedrooms. This is an incredible business opportunity. The AMV is €250,000. The solicitor with carriage of sale is Patricia Bambury, MG Ryan & Co, Abbeygate Street, Galway, 091 564011.
The sixth property is No 4 Cois Locha, Caheradoo, Kilcolgan, a magnificent family home that extends to 2,400sq ft and stands on a 1.5 acre site of manicured gardens. It offers panoramic views of the lake opposite the property, is located minutes from Kilcolgan, and would be an ideal rural retreat. The AMV is €250,000. The solicitor with carriage of sale is Geraldine Costello, Costello & Associates, Unit 4A Oranmore Business Park, Oranmore, 091 790853.
The next property is No 83 Tirellan Heights, Headford Road, Galway, an exceptional four bedroom semidetached residence bordering a large green area to the side. This property is no ordinary semidetached residence — it offers substantial accommodation internally and is in mint decorative order and repair. The property has a large extension to the rear and an attic conversion. This would be the ideal starter home. The AMV is €150,000. The solicitor with carriage of sale is Breda Tierney, Kieran Murphy & Co, No 9 The Crescent, Galway, 091 587171.
The eighth property to be auctioned is No 3 Lydon Terrace, Bohermore, a three bedroom home in the heart of the city in one of Galway’s oldest and most established residential areas. The property is only a minute’s walk from Eyre Square. It is in need of some modernisation but it is in an exceptional location and close to all amenities, making it an ideal first time buyer’s home or quality investment. The AMV is €110,000. The solicitor with carriage of sale is Maeve Joyce, Horan & Son, 23 Eyre Square, Galway, 091 567091.
The final property to be auctioned is a partly completed residence at Gortacleva, Bushypark, on the instructions of Patrick Horkan, receiver, KPMG. This property stands on a majestic site of 2.797 acres and offers unobstructed views of Lough Corrib. The residence is 5,000sq ft but it is the site which is the main attraction, as it is one of the most attractive sites in the Galway area. The AMV is €200,000. The solicitor with carriage of sale is Gerry O’Hanlon, LK Shields solicitors, 39/40 Upper Mount street, Dublin 2, 01 637 1544.
According to Colm O’Donnellan all the properties must be sold and all have exceptional reserve prices. The auction will take place tomorrow at 3pm in the Victoria Hotel, Eyre Square, Galway.
Further details can be had from the offices of O’Donnellan & Joyce auctioneers (091 ) 564212.