Property
Auction nets €6m in sales
O’Donnellan & Joyce Auctioneers achieved sales totalling €6 million in their latest auction of properties along the Western seaboard.
Colm O’Donnellan said that while there was huge interest in properties in the city and Salthill, the big surprise of the day was a six-acre plot of land in Spiddal.
“As usual there was huge interest in Galway city and county properties, with family homes in Salthill at 6 D’Alton Drive and 22 Oaklands both selling for €475,000 and the hammer fell on the sale of 15 Ard na Mara at €400,000,” he said.
Highlights of the city centre property sales included a ‘fixer-upper’ at 31 Nuns Island.
“It attracted great interest, with four minutes of intense bidding, which brought the price from an opening bid of €170,000 to a final sale price of €245,000. Also, a two-bed apartment at 3 Drom Ard, just off Prospect Hill, sold for €176,000.
“The big surprise of the day, though, was a six-acre plot of land in Spiddal village, which had a guide price of €120,000. Two parties battled to buy the property, with intense bidding over a six-minute period, before it was finally sold for €310,000,” said Mr O’Donnellan.
Among the properties sold were:
1 Millrace House, Chapel Lane, Tuam. A ground floor commercial unit currently trading as the National Schoolwear Centre had an Advised Minimum Value of €75,000 and bidding opened at €70,000, before selling for €105,000.
5 Ardskeabeg, Corofin. A spacious five-bedroom bungalow in Corofin village, extending to 2,600 sq.ft and standing on a 0.5-acre site. Bidding opened at €140,000 with two bidders quickly bringing the sale to a conclusion at €165,000.
16A Sandyfort Business Park, Bohermore. A ground floor office unit with tenants in place generating €15,000 per annum and with three underground parking spaces. Guiding at €75,000, bidding was intense with three chasing the property in €5,000 increments, bringing it up to €169,000.
Bridge Street, Athenry. A takeaway restaurant with two apartments overhead. Generating an overall rental income of €21,000 per annum and sold with tenants in place, bidding opened at €160,000 with a phone bidder and an auction attendee both pursuing the bids in €5,000 increments. The phone bidder secured it at €200,000.
Turoe, Bullaun, Loughrea. A traditional style bungalow located close to Bullaun village had bids commence at €50,000. The AMV was €60,000 and bids rose steadily in €1,000 increments with €66,000 being the winning bid.
3 Plunkett Avenue, Mervue. Ground floor retail unit formerly used as a doctor’s surgery with an AMV of €75,000. The opening bid was €70,000, which was below the reserve but the purchaser promptly offered the asking price and the property was sold for €75,000.
3 Chapel Court, Chapel Lane, Tuam. A ground floor commercial unit suitable for a variety of uses had two strong bidders on it. Bids opened at €30,000 and the sale concluded at €40,000, the AMV.
For more, read this week’s Connacht Tribune.
O’Donnellan and Joyce are handling the sale of a large four-bed detached property located in Shangort Park, Knocknacarra, in Galway.
Located just off Shangort Road, Number 11 was constructed in the early 2000s.
It is a small, quiet development comprised of a mixture or detached and semi-detached homes finished to the highest of standards and overlooking a large green area.
In terms of location, this property has all that one would require and is ideally located within a short walk of quality local schools such as Gaelscoil Mhic Ahmlaigh, Knocknacarra National School and Colaiste Na Coiribe.
An abundance of amenities include the Gateway Shopping Park (B&Q) and Tesco. There are a number of ample green spaces and playing fields close by such as McGrath’s Field, Cappagh Park and Millars Lane.
The property is also located just minutes from the stunning surroundings of Rusheen Bay and Rusheen Woods and the area also boasts a wealth of local amenities.
For more, read this week’s Connacht Tribune.
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Property firm iamsold, whose online bidding and auction platform is used by more 300 auctioneers across Ireland, is continuing to take entries for its 2023 auctions with the next dates scheduled for May 18, June 22 and July 20.
Shane May, Sales Manager for iamsold said: “Previous years have shown the May to July period is particularly strong for selling residential and commercial property. We have an excellent variety of properties currently on offer, and we are finding that there is an ongoing appetite for realistically priced property throughout the country. Our partner auctioneers have been kept busy as requests for viewings remain high.”
Among the properties for sale at the moment are:
Sky Road, Clifden. This is a two-bed property described as “character filled” set in a wonderful holiday location.
This is a traditional cottage which has been cleverly extended to retain its character with a modern living interior. The focal point is the extended living area with full and uninterrupted views over Kingstown Bay. The property is offered at bids over €525,000 and for sale by Sherry FitzGerald Mangan.
Main Street, Headford. Currently the property comprises two buildings, one of which was a public house, whilst the other was a private dwelling. Subject to planning, there is potential to extend to the rear of the property and create multiple units which could potentially provide 2 x 2 bed apartments, along with 3 x 1 bed apartments and could be eligible for the Vacant Property Refurbishment Grant, offering between €30,000 and €50,000 towards the renovations. The property is offered at bids over €145,000 and for sale by Michelle Burke Estate Agents.
For more information on the auction, call 091 882121 or visit iamsold.ie
DNG Martin O’Connor Land Sales are holding an online auction on May 11, where two lots of land in Letterfrack will go under the hammer.
The first lot is an opportunity to acquire a cottage with shed ruins on 4.34ha (10.72 acres) of top-quality land at Attirowerty. Enjoying incredible views in all direction, this land is one of the most outstanding opportunities to acquire a lovely holding of meticulously maintained farmland in the Connemara region in many years.
Bordering the Traheen River, the cottage – dating back to the 1800s – is a traditional stone built property under a galvanised roof laid out in two rooms with open fireplaces in each room. Across the yard there are the ruins of a large shed which could be renovated.
Looking south the cottage enjoys views of Ballinakill Bay, Tully Hill and Letter Hill to the west whilst to the north Diamond Hill and the Mweelrea mountains with many more hills of south Mayo are visible in the distance.
Fully enclosed by stonewalls and concrete post with wire fencing, the land laid out in three large sections provides excellent grazing with a cattle holding yard and cattle crush.
The land is suited for all types of livestock grazing with cattle farming been the main enterprise over the years on the holding. Due to its excellent order the land would be the perfect location for breeding Connemara ponies and also ideal for holding sheep due to its field system and good boundaries.
The property presents itself as an excellent proportion for those looking for a cottage hideaway that they can renovate to their own style in this scenic part of Ireland with a wonderful atmosphere surrounding it. The lands are ideally suited to existing landowners looking to expand or those looking to set up a small holding centrally located between Clifden and Letterfrack.
Lot 2, consisting of commonage lands in three sections at Attirowerty and Baunoge, amounts to 25.5 acres and is also for sale by online auction on the day.
For further information, contact DNG Martin O’Connor on 091 866708.
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