One of the key national residential property challenges in 2015 is the housing supply shortage which is particularly prevalent in the Dublin and Leinster regions and the cities of Cork, Galway, and Limerick, according to Claire Moran of The Connacht Property Auction. The housing supply shortage is putting disproportionate pressure on the residential rental market nationally, but is most prominent in the urban areas of Dublin, Cork, and Galway city and suburbs. The under-supply of new builds to meet demand is projected to continue throughout 2015 according to several reports, making now a better time for prospective purchasers to buy residential properties, according to Ms Moran.
The Connacht Property Auction will be offering a large selection of properties from Mayo, Galway, Roscommon, Sligo, Leitrim, and Clare on September 17 in the Menlo Park Hotel, Galway.
Baile Tsleibhe, Rossaveal: Offered at bids over €330,000 in partnership with Maureen McKeown estate agents, Salthill.
This beautiful housing cluster is located in the town land of Ballinteva on an elevated site overlooking the inlet of Rossaveal Bay, providing stunning Atlantic views. The property is located close to the established Rossaveal Holiday Village, indicating a viable holiday let enterprise.
Potential purchase options for this development include the purchase of the entire site consisting of three properties (potentially five properties ) spread over 1.8 acres. The purchase of individual lots will also be considered. These reasonably priced properties are a must view.
Derreen Inn, Abbeyknockmoy: Offered at bids over €210,000 in partnership with Property Partners Long.
The Derreen Inn, Derreen, Addeyknockmoy, Co Galway, is a substantial licensed premises being sold as a going concern, with the current owners having built up a reputable trade on the premises for over 35 years. This very popular establishment located c3km east of Abbeyknockmoy has the benefit of seven-day licence, living quarters overhead, and rental income from sitting tenants on buildings adjoining the premises. This property sits on 1.2 acres, is in good condition, and has dedicated car parking for more than 30 cars on site. This is a most attractive turnkey opportunity with substantial rental income already guaranteed.
Lackaghbeg, Lackagh, Turloughmore: Offered at bids over €145,000 in partnership with Emma Gill, Ballinrobe.
This is a rare opportunity to acquire a traditional style property at the entrance to the popular estate of Woodland, Turloughmore. This beautiful property was originally built in 1925. Accommodation comprises a kitchen, dining room, sitting room, four bedrooms upstairs, and in 2005 an extension was built on creating a fifth master bedroom downstairs. Surrounded by mature gardens and sheltered by large tall trees, this property also has the benefit of a large detached garage. Set just outside the beautiful village of Lackagh, this property is in an excellent location within walking distance of primary school, church, and SuperValu, yet just 10 miles from Galway city. This allows great opportunity for a family wishing to commute to Galway yet reside in a peaceful setting close to amenities.
Tawnaghbawn, Cashel, Co Galway: Offered at bids over €59,000 in partnership with Matt Sullivan auctioneers, Clifden.
This quaint two bedroom cottage is located on a quiet byroad in a popular area. This house comes to the market in good condition and would ideally suit as a family home or holiday home. Cashel Pier is only a short drive away from the home, which would ideally suit a boating enthusiast. Sea views can be enjoyed from the property. At a very attractive price, this property is a must view.
The next public auction will take place on September 17 in The Menlo Park Hotel, Galway. Registration starts at 6.30pm.
Contact The Connacht Property Auction on 091 882 121 to arrange for a free property valuation, or for more information visit www.connachtpropertyauction.ie