Leading local agent DNG Maxwell Heaslip & Leonard is gearing up for its final auctions of 2014. The successful September auctions hosted by the company confirmed the interest by both first time buyers and investors in the market and the same trend looks set to continue for the November auctions.
With the confirmation in Budget 2015 that the tax breaks for investors who acquire an investment property and keep it for seven years will expire at year end, investors are keen to avail of this incentive while they still can. Commenting on this, James Heaslip of DNG Maxwell Heaslip & Leonard said: “Investors were very keen on property in our September auctions, anxious to avail of the tax incentives relating to CGT, we have a number of properties in our November auctions which we also expect to appeal to investors.
“First time buyers are another group of buyers who are very active at the moment and appear keen to purchase before year end,” he added. “Again we have a number of properties ideally suited to first time buyers in the November auction.”
The November auctions will see 16 lots in total come to the auction floor, and again interest in the lots is expected to be high as the property market shows increasing signs of recovery.
Lot one sees No 41 Tara Grove, Wellpark, come to market. This four bedroom semidetached residence is in a popular location within walking distance of Eyre Square. Both bright and spacious and overlooking a green area, this fine property is in need of some upgrading but offers huge potential. This property is located close to GMIT, Parkmore, and Ballybrit industrial estates, making it an excellent investment opportunity. However the Tara Grove development has also always been popular with owner occupiers. This property is guiding an AMV of €190,000 and the solicitor with carriage of sale is Sheenagh McCarthy, FG MacCarthy solicitors, Dunkellin Street, Loughrea. Open viewings will take place on Saturdays and Wednesdays from 1pm to 2pm.
Lot no two is No 129 Gort na Coiribe, Headford Road, a four bed mid-terrace duplex townhouse close to NUIG. Built by O'Malley’s, the property is completed to the highest standards, with extensive tiling and wood floors throughout. In excellent condition, this spacious investment property sleeps five and is currently privately rented (with the option to join the existing pooled rent scheme ), generating an excellent net rental yield. This is an ideal opportunity to acquire a top class rental property. The property is guiding an AMV of €190,000 and the solicitor with carriage of sale is Sheenagh McCarthy, FG MacCarthy solicitors, Dunkellin Street, Loughrea. Open viewings will take place on Saturdays from 12 noon to 1pm.
Remaining on the Headford Road, we move to No 64 Dun na Coiribe, a large first floor, two bed, apartment in excellent condition.
Dun na Coiribe has all amenities nearby including Dunnes Stores, Tesco, cinema, bus stop, NUIG, church, and Galway city centre is only an eight minute walk. The apartment has two spacious double bedrooms (master en suite ) with fitted wardrobes, fully tiled bathroom, kitchen, sitting room, and private balcony. The AMV for this property is €140,000 and the solicitor with carriage of sale is Fidelma Waldron, O'Donnell Waters solicitor, 36A Merchants Dock, Merchants Road, Galway. Open viewings will take place on Saturdays and Wednesdays from 12 noon to 1pm.
Moving to Knocknacarra for lot no four and to No 11 Winfield Gardens on the Clybaun Road. This is a four bedroom semidetached residence in an excellent location, close to schools, shops, and all amenities. With 1,200sq ft of living space this property boasts a high quality finish throughout with a wonderful rear garden and private parking. This area is highly sought after and overlooks a green area. The attic is floored and includes a Velux window and is accessed by a Stira stairs. This property is within walking distance of all amenities and just 10 minutes from Galway city centre. The AMV is €240,000 and the solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co solicitors, Quay Street, Galway. Open viewings will take place from 1.30pm to 2.30pm Saturdays and Wednesdays.
Moving to County Galway and to Attygara, Portumna, lot no five is a detached home extending to c205sq m on a large site of 0.75 acre. This property is located less than one mile from Portumna town centre. With underfloor heating on both floor levels, this residence has also been insulated to a high standard offering a quality, comfortable, home in a most convenient location. This spacious property features a sitting room, kitchen, dining room, breakfast room, office/study, and four bedrooms. The property guides an AMV of €190,000 and the solicitor with carriage of sale is Brian Maloney, Brian Maloney solicitors, 6 O'Curry Street, Limerick. Viewings are by appointment with the selling agents.
Lot no six brings us to No 147 Rosan Glas in Rahoon, a spacious four bedroom property in a lovely suburban estate just a short distance from Galway city centre, NUI Galway, and UHG. Built in 2006 by O’Malley Construction to a high specification, No 147 is a perfect investment or owner occupier buy. Four bedrooms, three of which are en suite, a living room with open fire, and kitchen/diner with patio doors to the rear garden all add to the appeal of this house. The property has common parking for residents and guides an AMV of €190,000. The solicitor with carriage of sale is Peter Crowley, CP Crowley & Co solicitors, Augustine House, Merchants Road, Galway. Open viewings will take place on Saturdays and Wednesdays from 3pm to 4pm.
Staying in Rahoon, lot no seven is No 43 Cruachan Park, a detached, four bedroom home in a mature estate close to Galway city centre. Located midway between NUIG and Salthill, this area has an abundance of services and amenities close by. Schools, shops, and sport facilities are a short walk away as are public transport facilities. With 135sq m of living space including an integrated garage this is an ideal opportunity to remodel a family home to your own requirements. The AMV is €220,000 and the solicitor with carriage of sale is Pat Sheehan, Sheehan & Co solicitors, Augustine Court, Augustine Street, Galway, phone 091 895250. Open viewings will take place on Saturdays and Wednesdays from 3pm to 4pm.
Lot nos eight and nine are located in Tuam. Nos 35 and 36 Cois na hAbhainn are four bedroom detached homes in need of completion in a mature residential area close to Tuam town centre. With a floor area of 135sq m the houses have been laid out to accommodate four bedrooms, one en suite, a spacious kitchen diner and utility, and a family room with open fire. The properties have been completed to second fix level with some plumbing and internal carpentry required. Externally the grounds require landscaping. The AMV for each property is €85,000 and the solicitor with carriage of sale is Emma Scott, Baily Homan Smith McVeigh solicitors, 7 Harcourt Terrace, Dublin 2. Open viewings will be held on Saturdays and Wednesdays from 1pm to 2pm on both properties.
Lot no 10 is an excellent investment opportunity to purchase four two bedroom apartments in one lot. Bealach na Gaoithe is a residential estate on the Galway Road completed in the past eight years to a high standard. The four units are completed with an estimated rental value of €17,250 per annum. Each apartment has own door access at ground level opening to a hall with stairs to first floor accommodation of 600sq ft. Each is spacious with an open plan kitchen/dining, bathroom, and two double bedrooms. The block has shared parking both front and rear. The AMV for the four units is €140,000 and the solicitor with carriage of sale is Karina Doyle, Lewis C Doyle solicitors, Augustine Court, St Augustine Street, Galway. Open viewings take place on Saturdays and Wednesdays from 12 noon to 1pm.
Lot no 11 is No 24 Beechwood Park in Ballybane. This property is a perfect starter home just off the Ballybane Road. The house is close to GMIT and Ballybrit Industrial Park with excellent schools, shops, and sports facilities located nearby. With 90sq m of living space this is a semidetached bungalow that requires some modernisation and will make a perfect family home or investment property. This property has off street parking with gardens front and rear which are not overlooked. The AMV is €190,000 and the solicitor with carriage of sale is Michael Molloy, Blake & Kenny solicitors, St Francis Street, Galway. Open viewings will take place on Saturdays and Wednesdays from 3pm to 4pm.
Lot no 12 is a plot of land located on Inis Meain, Oileain Arainn, comprising a former desalination plant on a site comprising c0.32 acre. The sale also includes a parcel of land in the region of c0.06 acre nearby. The AMV is €10,000 and the solicitor with carriage of sale is Catherine O'Driscoll, Denis I Finn solicitors, 5 Lower Hatch Street, Dublin 2. Full details are available from the selling agents.
Lot no 13 is Nos 4/5 Market Street, Galway. This is an exceptional opportunity to acquire a city centre property, with tremendous redevelopment potential. Market Street in the heart of Galway city is a busy thoroughfare adjacent to Shop Street which is the main shopping district of the city. Numbers 4 and 5 are adjacent mid terrace properties which formerly contained a family home and manufacturing facility and the property is in need of total refurbishment. Over four floors, the property has a gross built area of c350sq m with a site area of c136sq m. Zoned CC for city centre uses, the properties are listed as protected structures by Galway City Council. Guiding an AMV of €150,000, the solicitor with carriage of sale is Nuala Ford, Ford & Associates, Augustine Court, St Augustine Street, Galway. Viewings are by appointment with the selling agents.
Lot no 14 is located in Ballyhaunis, Co Mayo, a landmark premises situated at Clare Street in the town. Formerly a bar and night club (Monsoon Night Club ), the property is in need of some refurbishment but has development potential. Comprising approximately 650sq m, the property is on a site which is in the region of 0.27 acre and is close to all amenities. The AMV for this property is €80,000 and the solicitor with carriage of sale is Brendan Dillon, Dillon solicitors, Unit A1 Nutgrove Office Park, Rathfarnham, Dublin 14.
Lot no 15 is located on Upper James Street, Westport, Co Mayo. This mid terrace office/retail premises in the centre of Westport town is being offered to the market with the benefit of 145sq m of space over three floors. The property is well presented with tenants in place (not affected ). Suitable for a variety of uses, this commercial premises is adjacent to the town centre with a busy footfall and plenty of passing traffic. An excellent opportunity to acquire a keenly priced investment property in one of the west of Ireland's most important regional towns. The AMV is €100,000 and the solicitor with carriage of sale is Dermot Kilfeather, Kilfeather & Co, Quay Street, Galway. Viewings are by appointment with the agents.
The final lot, lot no 16 is Unit 3 Ballybrit Industrial Estate, Upper Monivea Road, Galway, a ground floor commercial unit located in a busy industrial estate. The AMV for this property is €70,000 and viewings are by appointment with the selling agents.
The auctions will take place on November 21 at 3pm in the Radisson Blu Hotel, Lough Atalia.
Full information on all properties can be found at www.dnggalway.ie or by contacting the selling agents on 091 565261.