Property
€3m worth of Galway properties set to go under the hammer next month
Residential and commercial properties in Galway with price tags totalling almost €3 million are set to go under the hammer next month.
The 24 lots are part of an Allsop auction of 375 properties – the biggest-ever auction to be held in the country – on September 8 and 10.
A total of 18 residential properties will be up for sale, with total reserve prices not to exceed €1.95m, while there will be six commercial properties with values totalling €935,000.
The auctioneers believe the residential properties – which are ready to let – will help ease pressure on Galway’s rental market.
Robert Hoban of Allsop said: “There is a very strong Galway offering over the two days with opportunities for both commercial investors and owner-occupiers.
“We are encouraged to see a clear growth in prime commercial and residential assets in other urban centres throughout the country.
“In particular, this catalogue provides a significant number of vacant, ready-to-let properties with strong rental potential.
“Against a backdrop of widespread commentary on the effects of a scarcity of rental accommodation nationally, I envisage these being purchased and released into the rental market, helping to balance the supply and demand,” said Mr Hoban.
Among the residential properties for sale is a three-bed apartment on the ground floor of the Lios Ealtan development at Nile Lodge in Lower Salthill, which is being sold vacant with a reserve price not to exceed €210,000.
All of the properties at Allsop auctions have been set a reserve price ‘not to exceed’ – this is the lowest price the vendor is willing to accept. If bidding does not reach the reserve, the seller is not required to sell.
At Ashleigh Grove in Knocknacarra, a four-bed semi-detached investment property is currently rented for €8,400 per annum and has been set a reserve of €200,000.
Another prime residence set to generate interest among bidders is 226 Lurgan Park in Renmore, a four-bed semi with a reserve of €160,000.
In Mahanagh, Corofin, a spacious four-bed detached house has a reserve not to exceed €120,000. The property extends to more than 3,000 square feet and is set on a 1.5 acre site.
The cheapest residential property in the Galway catalogue is on the Dublin Road in Tuam – a three-bed end-of-terrace with a reserve of €25,000.
Investment highlights include a substantial warehouse at Deerpark Industrial Estate in Oranmore, an extensive mixed use building in Milltown comprising a former public house, grocers and undertakers together with eight bedroom residential accommodation and Mellows House in Tuam – a mixed use investment comprising three retail units and two office units.
There are also two warehouses in the Ballybrit Industrial Estate on offer. Units in this location were strong performers at the Allsop July auction, with one (5,700 sq ft) unit selling for €260,000 and adjoining similar size unit for €285,000.
For more, see 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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