Apartments set to attract huge interest under the hammer

A series of investment properties are set to go under the hammer next month as part of O’Donnellan & Joyce’s November auction.

In total, more than 40 lots will go under the hammer on November 13.

One of the highlights of the auction is set to be a block of 17 apartments and Bruach na hAbhainn in Spiddal being sold as one lot, with a guide price equating to less than €26,000 per apartment.

Also on offer is a block of eight apartments in Doughiska on the eastern side of the city with an AMV of €675,000, which has an annual rental income of €72,000.

Auctioneer Colm O’Donnellan said: “The rental market in Galway City is currently at an all-time high and demand is through the roof. This, combined with the favourable selling prices of desirable homes within Galway, makes it an excellent time to invest.

“At the auction, there will be numerous outstanding investment opportunities located all over Galway City and other counties, which are especially suitable for students, young professionals and families,” he said.

Some of the properties going under the hammer include:

Bruach na hAbhainn, Spiddal. A modern block of 17 apartments in the centre of the village being sold in one lot. Four of the apartments are currently let. The AMV is €440,000. Open viewings Saturdays 2pm to 3pm.

Fearann Rí, Doughishka. Block of 8 apartments being sold as one lot. 5 three-bed and 3 two-beds, all of which are let with total income of €72,000 per annum. There are 7 secure garage spaces included as well as communal parking. The AMV is €675,000. Open viewings Saturdays 2pm to 3pm and Wednesdays 12pm to 1pm.

84, 85, 90 & 91 Frenchpark, Oranmore. Block of 4 apartments being sold as one lot within a five minute walk of the village. Two of the apartments are currently rented with an income of €950 per month. The AMV is €240,000. Open viewings Saturdays 11am to 12pm.

Riverside Retail Park, Borrisokane, Tipperary. 7 retail units completed to shell and core finish (1 fully complete); 16 x apartments (4 fully complete, 10 completed to first fixing and 2 completed to a shell and core finish). The AMV is €445,000. Open viewings Thursdays 1pm to 2pm.

Glen of Aherlow, Tipperary. New development of 6 detached holiday homes located 6km from Tipperary town and within 5 minutes of the village of Garbally. The AMV is €440,000. Open viewings Saturdays 10.30am to 11.30am.

Mahon House, Limerick. 5 one-bed apartments located in the city centre. All are fully let and are producing a rental income of €29,125 per annum and are being sold with tenants in place.  The AMV is €245,000. Open viewings Sundays 2pm to 3pm.

Shop Street, Tuam. Prominent retail unit with self-contained access to four apartments overhead.  A prime property in need of refurbishment. The AMV is €100,000. Open viewings Tuesdays 2.45pm to 3.300pm.

9 Woodquay Galway. Retail Unit (tenant not affected) with self-contained apartment overhead. The AMV is €130,000.

213 Gleann na Rí, Murrough, Renmore. Spacious 3 bedroom apartment located within a secure complex situated just a stroll from GMIT, Merlin Park Hospital, and Bon Secours Hospital. It is also within walking distance to the Ballyloughane beach.  The AMV is €90,000. Open viewings Wednesdays and Saturdays 4.30pm to 5pm.

215 Gleann na Rí. 2-bed third floor apartment being sold with tenant in place. The AMV is €90,000. Open viewings Wednesdays and Saturdays 4.30pm to 5pm.

235 Gleann na Rí. 2-bed first floor apartment being sold with tenant in place. Rental income is generated via a pooled system. The AMV is €70,000. Open viewings Saturdays 4pm to 4.30pm.

The auction takes place on Friday, November 13 at 2pm in the Harbour Hotel, Galway. For further information, contact O’Donnellan & Joyce on 091 564212 or visit odonnjoyce.com