The Lár na Cathrach complex at Abbey Trinity in Tuam – which includes 13 retail units and 20 apartments – is set to be one of the highlights of the upcoming Allsop online auction on December 13.
A total of sixteen properties in Galway will go under the hammer in the auction, which comprises a total of 240 properties nationwide.
Jonathan Fenn, Allsop’s Divisional Director, said: “Despite the potential for market uncertainty in a year that has witnessed both a General Election and Brexit, our results to date suggest a healthy investment market. Housing remains in short supply so we expect our December catalogue to draw significant interest. Apartments in prime city centre locations in Dublin and Galway, and multi-unit lots offering asset management and development potential, are key features of our latest offering.”
The highlight of the commercial offering in Galway is a mixed-use investment in Tuam (Lár na Cathrach) comprising 13 ground floor retail units, first floor commercial accommodation and 20 two bedroom apartments over the second and third floors.
The property is subject to multiple tenancies with a total annual rent of €159,500, but also offers potential to enhance return as there is vacant possession of 11 ground floor retail units, the first floor commercial accommodation and 1 apartment.
The reserve price for the development is €1.2m to €1.3m.
Another lot set to generate huge interest is the former Cottage Bar in Lower Salthill, which is for sale with a one-bed and 2 two-bed apartments overhead. The block comes with a price tag of €460,000 to €470,000.
Residential highlights for Galway include a mid-terrace five-bed house at 72 Lower Salthill, which extends to 1,237 sq ft and has a reserve price of €255,000 to €265,000.
No 74 Lower Salthill is a mid-terrace three-bed house measuring 850 sq ft and with a reserve price of €230,000 to €240,000.
In the city centre, Apartment 19 at Hynes Yard on Dock Road is a first and second floor three-bed apartment measuring 1,076 sq ft, which is currently generating rent of €16,800 per annum. The reserve price if €205,000 to €215,000.
At Cúirt na Rasaí in Ballybrit, apartments 27 and 28 are both two-beds on the second floor measuring around 650 sq ft and rented at €7,000 per annum. They both have reserve prices of €70,000 to €80,000.
At Dún na Rí in Athenry, Number 7A is a semi-detached four-bedroom house 1,205 sq ft, which is currently rented at €6,000 per annum. The reserve range is €155,000 to €165,000.
Also up for auction in Tuam is the former furniture store on Shop Street, a mid-terrace retail building, with around 10,200 sq ft, with accommodation overhead. The reserve range is €85,000 to €95,000.
In Killtullagh, Glenamaddy, a four-bed detached house, which is vacant and measures 1,850 sq ft, has a reserve price of €60,000 to €70,000.
There are two lots of land set for auction in Ballygar – a 12-acre parcel at Tullyroe with frontage onto the N63 has a reserve range of €85,000 to €95,000; at Hermitage, a parcel of 13.26 acres which is ‘occupied on terms unknown’, has a reserve of €65,000 to €75,000.
The auction takes place on December 13. For further information, visit the online auction section of allsopireland.ie
Detached home in Knocknacarra has host of amenities nearby
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.
Connacht Tribune Digital Edition App
Download the Connacht Tribune Digital Edition App to access to Galway’s best-selling newspaper.
Or purchase the Digital Edition for PC, Mac or Laptop from Pagesuite HERE.
Get the Connacht Tribune Live app
The Connacht Tribune Live app is the home of everything that is happening in Galway City and county. It’s completely FREE and features all the latest news, sport and information on what’s on in your area. Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.
Boasting uninterrupted bay views
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
19th Century cottage boasts incredible views
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.