Innovative Galway Property firm Property Partners Maxwell Heaslip & Leonard will hold its first auctions of 2013 tomorrow, and this auction will be streamed live online at www.propertypartnersauctions.com Tomorrow’s auction will be the first in Galway to be streamed live online.
“Many of the buyers in the market at present are first time buyers and we realise that many of these are not au fait with the auction process, which is becoming a popular route to market for vendors,” said auctioneer and company director James Heaslip. “We aim to create more awareness of the auctions and how the process works, and letting people view them online is the ideal way of achieving this.”
Tomorrow’s auction sees a total of nine lots being brought to the floor.
Lots 1 to 5 are an executor sale encompassing an old two-storey farmhouse and lands in Tonabrockey in Rahoon. Comprising five separate lots including the aforementioned house on c4 acres (AMV €120,000 ), the remaining lots are made up of c11.89 acres of land (AMV €75,000 ), c14.6 acres of land (AMV €85,000 ), c0.3 acre with sheds (AMV €10,000 ), and c2.9 acres of land with approximately 124 acres of shared commonage (AMV €12,000 ). The house, on four acres, is in need of major renovation but already has a septic tank which is a huge positive for anyone seeking a house to renovate and extend.
The townland of Tonabrockey is a much sought after location close to the city, and the remaining lots will appeal to those already living in the area and those looking to move to this popular location. The varying lots will ensure a mix of buyers and this promises to be an engaging segment of the auction. According to auctioneer James Heaslip there has been a great deal of interest in these lots and interest on the day is expected to be keen. Mary O'Malley of Russell & O'Malley solicitors in Moycullen will handle the carriage of sale.
No 12 Bun Caise, Rahoon
The next lot is a four bedroom semidetached house in a quiet and centrally located estate. Close to a large green area, this property is within walking distance to the city centre, Salthill, NUI Galway, and UHG, making it ideally suited as either a first time buyer or investor property. The property is situated in a quiet cul-de-sac and features spacious living areas including a kitchen and dining room, sitting room, wc with shower, and a utility room completes the ground floor accommodation. First floor level includes four spacious bedrooms and the main bathroom.
“This property has a lot to offer to either a first time buyer or an investor,” said Fergal Leonard MIPAV. “It comes to market in excellent condition and properties in this estate are always quick to rent due to its central location and reputation as a quiet, friendly estate.” Interest is expected to be keen in the property which is guiding an AMV of €140,000. The solicitor with carriage of sale is Donal Downes, O’Dea & Co solicitors, Hardiman House, Eyre Square, Galway.
Continued on page 90
Lot no 7 sees a large detached residence in the town land of Farravaun in Monivea come to the market. In need of completion, the house comprises 310sq m of living space with a further c800sq ft of attic space. Built on a site of approximately 0.8 acre, the house is plastered with the electrical works complete and is ready for the next owners to put their own stamp on it. An excellent aspect with large, bright, spacious living areas are a couple of the qualities which will have those buyers seeking value for money very excited indeed.
Just 20 minutes from Galway city, this wonderfully spacious property will make an ideal family residence in a picturesque rural location. This property comes to market guiding an extremely attractive AMV of €85,000. The solicitor with carriage of sale is Damian Hand, Kane Tuohy solicitors, The Malt House North, Grand Canal Quay, Dublin 2.
Nos 34-37 Cuan Glas, Rahoon
Next to go to auction is a block of four apartments located in the Cuan Glas estate on Bishop O’Donnell Road in Rahoon. These apartments comes to market as one lot and offer a superb opportunity for an investor to acquire a portfolio of investment properties in an excellent rental location. All four properties are currently let and earning favourable market rents. Located within walking distance to the city centre, Salthill, NUI Galway, and UHG, there will always be demand for such properties. Currently all four properties are rented on long-term leases under the RAS scheme. “The apartments are being sold with the long-term RAS leases in place, meaning that the new owner will benefit from an instant, guaranteed return on their investment,” said selling agent Fergal Leonard. The four apartments are all two bedroom apartments, each with an en suite bathroom. These spacious apartments, measuring c750sq ft, feature a separate working kitchen and living/dining area. The apartments are guiding an attractive AMV of €300,000. The solicitor with carriage of sale is Gareth O’Connell, Amos solicitors, 26 Burlington Road, Ballsbridge, Dublin 4.
Land at Mountain Road, Moycullen
The ninth and final lot of the day consists of c3.67 acres of land on the Mountain Road, Moycullen, with the added advantage of full planning permission for 24 residential units. The house types are 19 detached, two semidetached, and three terraced. Also, an extension of time was granted in July 2012, which extends the grant of planning permission to the summer of 2017. The site could be considered for a different type of development such as larger sites with larger houses — this would obviously be subject to planning permission. With the lands on offer with a very realistic advised minimum value of €125,000, huge interest is expected. The lands are located on the Mountain Road, within walking distance of the village centre, and all the amenities Moycullen has to offer are nearby. The solicitor with carriage of sale is Michael Bradbury of Michael J Bradbury & Co, Glenrock Business Park, Tuam Road, Galway.
The auction of properties at Nos 1 and 2 Cuirt Eanna, the bungalow at Hillpark, Clarinbridge, and the commercial unit in Clarinbridge village have been postponed until further notice.
The auctions will take place tomorrow (Friday ) in the Imperial Hotel, Eyre Square, at 3pm.
Further information on all lots is available by contacting Property Partners Maxwell Heaslip & Leonard on 091 565261.
Both these auctions
can be viewed on www.advertiser.ie/galway