Galway auction nets €3m sales

More than €3.6 million in sales of residential and commercial properties was achieved at the O’Donnellan & Joyce ‘Wild Atlantic Way’ auction.

A total of 48 properties along the Western seaboard were sold last Friday.

Auctioneer Colm O’Donnellan said residential properties – particularly in Galway City – sold well on the day.

“We were delighted with the tremendous results achieved on the day, particularly throughout Galway City where there were a large number of home buyers and investors bidding intensely in order to acquire properties in the city area.”

More than 500 people attended the auction in the Harbour Hotel in the city.

The highlight of the day was a derelict cottage at Ardfry in Maree, just 5km from Oranmore village. It stands on a 0.8-acre site overlooking Galway Bay.

“The location alone made it the jewel in the auction collection,” said Mr O’Donnellan.

With an Advised Minimum Value of €80,000, three phone bidders and two in-house bidders battled it out to take ownership of what Mr O’Donnellan described as an “excellent development opportunity”. Finally, it was one of the phone bidders who claimed it, with a price tag of €230,000 – almost three times the AMV.

The first property to be auctioned was 15 Arasáin na Mara, Salthill, a 3-bed apartment, which attracted 12 different bidders.  Bidding commenced at €150,000 and increased in increments of €5,000 with bids coming from all over the room. The hammer fell at €247,000, which was €87,000 above the reserve price.

93 Ballinfoyle Park on the Headford Road in Galway. The property opened at €70,000 and attracted five bidders, before eventually selling for €150,000.

Bids opened at €110,000 on a commercial unit in Moycullen with an apartment overhead, which sold for €285,000 – €165,000 over the AMV.

In Mervue, 25 Cardinal Cushing Road went on the market quoting €115,000 and needing a bit of work and it eventually sold for €175,000. 4 Emmet Avenue, a 3 bed mid-terrace home in mint decorative order and ready to walk in to, opened with a bid at €150,000 and sold at €165,000.

Also another opportunity for a first home at 67 Duirling in Roscam quoted €200,000. Bids opened at €180,000 for this attractive 3 bed semi-detached and the hammer dropped at €218,000.

In Knocknacarra, where 39 Portacarron on the Ballymoneen Road – a 4-bed semi with converted attic, sold after auction for €220,000 to excited first-time buyers.

For more, read this week’s Connacht Tribune.