Biggest-ever auction with 60 homes on the market

The biggest-ever property auction in the West of Ireland – with more than sixty homes and commercial premises going under the hammer – takes place in Galway next month.

The O’Donnellan & Joyce auction takes place on October 3, and is also expected to be a big draw for investors, with a number of city apartment blocks up for sale.

Thirty-five properties going under the hammer are in Galway City, while there will also be a large amount of receivership properties across Galway, Mayo, Sligo and Roscommon.

Colm O’Donnellan told Tribune Property: “It’s a tremendous opportunity for buyers, particularly first-time buyers and investors. And for people who want to acquire a quality family home, then the auction is where they will find incredible diversity and value.

“Thirty-five properties are in the Galway City area, particularly in established locations such as Salthill, Newcastle, and Renmore where properties have been difficult to obtain.

“Investors are expected to be out in force, as this may be the last opportunity for them to acquire properties and avail of the tax incentive scheme, where there is no Capital Gains Tax if they hold them for a period of seven years.

“We will also be launching a large number of receivership properties which will cover the areas of Galway City and county, Mayo, Sligo and Roscommon.

“These properties will mainly comprise investments and will all be listed at extremely attractive reserve prices. Included on this list are a number of small apartment blocks within Galway City which are currently rented and are being sold with tenants in place,” said Mr O’Donnellan.

Among the properties set to go under the hammer are:

► 7 Burrenview Heights, Knocknacarra Road, Salthill.

Stunning 5/6-bed family home presented in immaculate condition. Close to Promenade and all amenities. Advised Minimum Value (AMV) €500,000. Open viewings Wednesdays and Saturdays 2pm to 3pm.

► 38 D’Alton Drive, Salthill.

Large four-bed family home located in one of the most popular areas in Salthill. On the doorstep of a number of notable schools in the area, also Galway Golf and Tennis clubs. AMV €410,000. Open viewings Wednesdays and Saturdays 3.30pm to 4.30pm.

► ‘St Rita’s’, San Antonio Terrace, Salthill.

Unique four-bed semi-detached family home with basement and small self-contained flat. Moments from the Promenade. AMV €300,000. Open viewings Wednesdays and Saturdays 5pm to 6pm.

For more, read this week’s Connacht Tribune.