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18th Century ruins in Oranmore to be one of the highlights of auction

Enda Cunningham

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Ardfry House, Oranmore, Co. Galway

The historic Ardfry House in Oranmore is set to be one of the main attractions at a two-day auction to be held in Dublin later this month.

A total of more than 330 lots nationwide – with a combined value of more than €72 million – will go under the hammer on April 21 (residential) and April 23 (commercial) at the Allsop Space auctions in the RDS in Dublin.

Robert Hoban, Director of Auctions, said: “This significant offering presents a range of opportunities to Ireland’s hard pressed buyers, faced with a low level of supply.

“With background commentary centred on increasing levels of bank lending and pressure on interest rates, we expect this substantial collection of commercial and residential properties will be welcomed by those keen to invest in Ireland’s property market and trading economy.”

There are a total of 17 Galway properties on offer at the auctions, ten of which are residential.

A highlight will be the ruins Ardfry House in Oranmore – located on a peninsula directly across the bay from Galway Bay Golf Resort – which was built in 1770 by Joseph Blake, who later became Lord Wallscourt.

The sale comprises the detached period house, stone cottages, outbuildings and an orchard on 28.8 acres. The house itself extends to 16,700 square feet, while the walled orchard spans more than three acres.

There are also the remains of a moated castle from the 9th Century on the land, which also boasts 750 metres of sea frontage. The reserve price is between €1.8m and €2m.

In Corofin, in the Cloch Chara estate, 19 development sites will go under the hammer as one lot (within a development of 30 detached houses). The total site extends to just over five acres, and planning permission is valid until November 2015. The reserve price is €775,000 to €825,000.

In Ros Caoin, Roscam on the eastern side of the city, a three-bed semi-detached home has a reserve price of €190,000. Number 216 is a two-storey house measuring 1,044 sq ft.

A detached five-bed house will also go under the hammer at Raha in Rosscahill. It extends to a huge 4,380 sq ft and has large front gardens to the front and rear. The reserve price is €175,000.

In Barnaderg, a detached four-bed house completed to builder’s finish and set on 2.73 acres is also for sale. The house is 2,152 sq ft and the site also includes planning permission for a second property of similar size. The reserve is €80,000.

For more, read this week’s Connacht Tribune.

Connacht Tribune

EI’s lifeline for domestically focused firms during crisis

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Challenge...EI Regional Director, Michael Brougham.

Enterprise Ireland will administer a Business Financial Planning Grant to specifically support domestic focused companies as well as a Sustaining Enterprise Fund for small enterprises – as part of the Covid-19 Business Response recently announced by the Government.

It comes as EI revealed that 60 percent of Irish companies they have engaged with since March say that Covid-19 has had a very negative or critical impact on their business to date.

Financial planning was listed as one of the key priorities identified by client companies in responding to the crisis. 34 percent of the client companies in contact have engaged with a financial institution, and just one in three have put a financial plan in place.

Worth up to €5,000, the Business Financial Planning Grant will assist companies to develop a Business Sustainment Plan and to engage the services of an approved Financial Consultant when applying for funding.

By having a financial plan in place, a business will be better positioned to understand its immediate financial position, manage costs and identify the finance it requires.

Enterprise Ireland Regional Director, Michael Brougham acknowledge that this was a very serious and challenging time for businesses.

For more, read this week’s Connacht Tribune.

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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.

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Applications now open for GTI’s apprentice accountancy course

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Science graduate and first-year Grant Thornton apprentice, Diarmuid O’Connor from Kilconly.

Local students have been encouraged to consider a national accounting technician apprenticeship programme available at Galway Technical Institute which will create 20 jobs in the area this year and 150 positions nationally.

The accounting technician apprenticeship is a funded, work-based learning programme that sees apprentices earn at least €19,700 a year.

Leaving Certificate students and mature learners can apply for the programme through Accounting Technicians Ireland.

Galway Science graduate and first-year Grant Thornton apprentice, Diarmuid O’Connor (24), from Kilconly, stressed the importance of the practical nature of the accounting technician apprenticeship.

“University had shown me how an overload of theory can demotivate, so I decided that doing accounting exams alone might not be for me,” he said.

“Learning while gaining industry experience is my perfect combination.

“Students can get a real culture shock moving from second-level to third-level, often with limited experience of the real world.

“There is no harm in taking the road less travelled – a lot of people leave secondary school and third-level having been quite sheltered in terms of life experience.”

Grant Thornton Managing Partner Michael McAteer’s own accountancy career began with evening classes organised by Accounting Technicians Ireland.

He said the programme is a win-win for the employer and the accounting technician apprentice, allowing firms to broaden their client offering and provide excellent career prospects for students.

The accounting technician apprenticeship provides a real alternative for Leaving Certificate students who prefer practical training to a full-time college programme, or for students who may have embarked on a college course and found it didn’t suit them.

For more, read this week’s Connacht Tribune.

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.

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Construction industry faces massive challenge

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Warning...CIF Director General Tom Parlon.

It will take at least twelve months before the country’s construction sector gets back to pre-pandemic levels.

That’s according to 350 construction professionals – with almost three-quarters of them ‘very concerned’ at the impact of the pandemic.

The Irish sector is unique in being the only construction industry in the EU completely shutdown due to Covid-19.

And a new survey released by the Construction Industry Federation also found that 93% of those interviewed said that the pandemic is impacting revenues – and 67% have been forced to lay off staff on a permanent or temporary basis.

The largest impact expected is on the turnover, cashflow and supply chain issues delaying delivery.

The CIF survey shows how challenged the industry will be to remobilise the industry after sites reopen on May 18 with many companies expecting to be operating at a sub-optimally for at least twelve months.

“Construction companies have seen 100,000 of their workers lose the jobs in the past month. This survey lays bare the impact of Covid-19 on the construction industry,” said CIF Director General Tom Parlon.

“As the first sector to be allowed back to work, it’s critical that the construction industry can remobilise quickly so it can begin to benefit the wider economy.

For more, read this week’s Connacht Tribune.

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.

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