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Major city commercial property sells at auction for five times guide price

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Galway Bay fm newsroom – A prominent commercial property at Tuam Road in the city has sold at auction for five times its guide price.
A portion of Northpoint sold for 2.25 million euor at a BidX1 auction.
The property, which had been guided at 400 thousand euro, comprises 7 retail warehouse units, 3 warehouses and 6 office units over several floors.
Just one retail warehouse was tenanted at a 30 thousand euro annual lease.
The property also includes 240 basement parking spaces and a further 190 surface spaces.
It was built by Galway property developers Tom Considine and Paddy Sweeney who were also involved in one of the biggest property deals of the boom- the purchase of Millenium Park in Naas for 312 million euro.
According to today’s Irish Independent, the Northpoint property sold at auction in recent days for 2.25 million euro.

Breaking News

Death announced of former Bishop of Galway

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Dr Martin Drennan.

The death has occurred of the former Bishop of Galway, Kilmacduagh and Kilfenora Martin Drennan, six years after he announced his retirement on health grounds. He was aged 78.

The Galway Diocesan Office confirmed the death this (Saturday) afternoon of the Bishop and Apostolic Administrator Emeritus, who oversaw the Diocese for eleven years.

Born on January 2, 1944 in Piltown, County Kilkenny, he studied for the priesthood at Saint Patrick’s College, Maynooth, from where he was ordained to the priesthood in 1968. His brother Michael is also a priest.

Following his ordination, he continued his studies in Rome where he was awarded a Licentiate in both sacred theology and sacred scripture. He returned to Rome in 1980 to become spiritual director at the Pontifical Irish College for the next five years.

He became a lecturer in sacred scripture at Saint Patrick’s College, Maynooth, where he continued to teach until his appointment as Auxiliary Bishop of Dublin in 1997 with responsibility for East Wicklow and South Dublin.

Following the retirement of Bishop James McLoughlin, Bishop Drennan was appointed Bishop of Galway and Kilmacduagh and Apostolic Administrator of Kilfenora and he was installed on July 3, 2005 in Galway Cathedral.

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Connacht Tribune

O’Flaherty’s promising start

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Outgoing Cllr Terry O’Flaherty (Ind) is on course to retain her City Council seat – and top the poll in City East. 

With 33% of the boxes tallied, Cllr O’Flaherty is polling strongly, particularly in Renmore. 

Michael John Crowe is ahead of his running mate Alan Cheevers for the Fianna Fáil vote, according to the early figures, although that could change when Doughiska and Roscam boxes are opened. 

The Green Party’s Claire Hillery is on about 7%, with Fine Gael on 10% and Sinn Fein on 5%.

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Connacht Tribune

Tallies underway as votes are sorted

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The opening of boxes for the local elections began at 9am this morning in Leisureland when the tallymen (and women) kicked into gear.

As regards the Galway County Council elections, the smaller areas are being opened first which means that the four-seater Connemara North boxes will be first in the pecking order.

It will be followed by Gort-Kinvara (5 seats), Connemara South (5 seats), Athenry-Oranmore (7 seats), Ballinasloe (6 seats), Loughrea (5 seats) and finally Tuam (7 seats).

The boxes in these areas will be opened and tallied in that particular order before being transferred to the Galway Lawn Tennis Club on Threadneedle Road where the counting will commence around mid-morning.

That is when the fun will really begin – although the tallies should give a good indication as to where most of the seats are destined.

As regards the city, the Galway City East boxes were opened first, followed by Galway City Central and finally Galway City West. These votes will be transferred to the Westside Centre by around 11am for counting.

There are 39 seats on Galway County Council to be filled with 18 on Galway City Council. The City Council count is expected to conclude on Saturday night but the County Council count – with seven electoral areas to be filled – could well go into Monday.

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