Sherry FitzGerald and Cushman Wakefield held a very busy and successful auction last Wednesday in the Connacht Hotel, Galway. They sold 12 of the 14 lots on offer for well in excess of the AMVs.
These properties include a block of five apartments at No 25 Doughiska Road, which sold for €505,000; a commercial office suite at 23H and 23H1 Liosban Business Park, sold for €205,000; two apartments requiring refurbishment at No 7 and No 48 Fionnuisce, Doughiska, which sold for €90,000 and €115,000 respectively; and further two beds at No 38 and No 14 Fionnuisce that sold for €122,000 each. No 153 Upper Salthill was withdrawn and is currently under negotiation.
Tony Kavanagh of Sherry FitzGerald reported a busy auction room where competition for properties on offer was strong. He commented that purchasers still see value for money in property with a strong rental income and good prospects for capital growth.
Full results can be viewed at www.sherryfitz.ie or contact the office at 091 569123.