O’Donnellan and Joyce recorded one of the largest one day sales when the company placed 57 properties up for sale by public auction in the Harbour Hotel, Galway, on Friday. The properties were located throughout the western region from Sligo to Clare. There was enormous interest not only locally but nationally too, with bidders from all over the country.
Colm O’Donnellan of O’Donnellan & Joyce Auctioneers said it was nice to see home buyers acquire properties at very realistic prices, which were not far in excess of the reserve prices. He added that investors chased the large blocks of apartments, which well exceeded expectations.
The auction was divided into morning and afternoon sessions. The morning session comprised investment properties and land and was dominated by properties from receivers. The afternoon session comprised private individual sales, being sold on private instruction.
The first lot of the day was a cottage on 14 acres in Mweenish, Carna, Co Galway, which saw tremendous interest. Bidding started at €70,000, which was the reserve price, and rose rapidly with bids from all over the room until just two individuals were exchanging final bids. The auctioneer’s hammer was eventually brought down at €290,000 to tumultuous applause from the huge attendance.
The next property to be auctioned was a block of four apartments located at Ballybane with a reserve price of €175,000; many different bidders chased this property, which was sold for €300,000. The third property was a two bedroom apartment at No 41 Fionn Uisce, Doughiska that went to a first time buyer, much to the delight of the audience. The sales continued right through the morning with the following properties sold:
Mweenish, Carna, Co Galway: 14 acres and cottage, €290,000.
Nos 5A to 5D An Culan, Ballybane: Four apartments, €300,000.
No 41 Fionn Uisce, Doughiska: Two bed apartment, €80,000.
No 46 Fionn Uisce, Doughiska: Two bed apartment, €60,000.
No 89 Altan, Western Distributor Road: Two bed apartment, €92,000.
No 5 Athenry Road, Loughrea: Two bed end terrace, €45,000.
Blocks 10 and 14 Doughiska, Doughiska: 14 apartments, €740,000.
No 17 Quay Street, Sligo: Three storey end of terrace, €100,000.
Nos 4 and 4B Barrack Street, Ballyhaunis, Mayo: Two terraced residences, €46,000.
Main Street, Ballyvarry, Co Mayo: Terraced residence, €20,000.
No 1 Tom Barry House, Clifden: Two bed apartment, €72,000.
No 12 The Spires, Clifden: Four bed semidetached, €76,000.
No 12 Oranview, Oranmore: Three bed semidetached, €150,000.
No 31 Danesfort Court, Loughrea: Three bed mid-terrace, €73,000.
Cuilin, Farrell Road, Roundstone: Seven finished/unfinished bungalows, €315,000.
Vicars Choral, Tuam: 29 serviced sites €67,000.
The afternoon auction comprised private individual properties located throughout Galway city. The auction room was again packed to capacity with people standing out in the foyer and watching the action live on TV.
The first property to be auctioned was a four/five bedroom house at Beechmount Road, Highfield Park. The bidding started at €150,000, and four individuals chased the property until eventually the auctioneer’s hammer fell at €326,000, much to the delight of the vendor and purchaser.
The afternoon session saw a tremendous amount of bidding and sales, however it was noticeable that most of the properties sold for just in excess of 10 to 20 per cent of the reserve prices, which were extremely attractive. The following properties sold in the afternoon:
No 2 Beechmount Road, Highfield Park: Five bed semidetached, €326,000.
No 6 Tor Bui, Western Distributor Road: Four bed semidetached, €234,000.
No 68 Manor Court, Knocknacarra: Four bed semidetached, €236,000.
No 53 Dun na Mara Drive, Renmore: Three bed semidetached, €250,000.
No 14 Inchagoill Road, Newcastle: Four bed detached, €350,000.
No 97 Bohermore, city centre: Three bed terrace, €245,000.
No 7 Shantalla Place, Rahoon: Four bed semidetached, €250,000.
No 6 Ashling House, Whitestrand: Two bed apartment, €140,000.
No 15 Rockland Avenue, Ballybane: Three bed semidetached, €95,000.
No 7 Burrenview Heights, Salthill: Five/six bed detached, €510,000.
No 62 Fr Burke Road, The Claddagh: Three bed terrace, €292,000.
No 38 D’Alton Drive, Salthill: Four bed detached house, €440,000.
No 55 Dun Aengus, The Docks: Five bed townhouse, €266,000.
No 189 Laurel Park, Newcastle: Three bed semidetached, €140,000.
No 59 Ashbrook, Oranmore: Three bed semidetached, €220,000.
No 26 Grattan Court, Salthill: Four/five bed detached, €450,000.
No 392 Tirellan Heights, Headford Road: Three/four bed bungalow, €147,500.
No 36 The Waterfront, Bridge Street: Three bed duplex, €185,000.
Apts 1-4 Mullan Mor, Tuam Road: Four apartments, €575,000.
No 130 Renmore Park, Renmore: Four bed semidetached, €295,000.
No 6 Court Avenue, Woodquay: Three bed terrace, €220,000.
Suan na Mara, Stripe, Furbo: Five bed detached, €363,500.
O'Donnellan & Joyce’s next auction is the final auction of the year and will take place on Friday December 12 in The Harbour Hotel, The Docks, Galway.
Anybody interested in selling property by public auction should contact O'Donnellan & Joyce no later than October 31 on 091 564212.