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€3m worth of Galway properties set to go under the hammer next month

Enda Cunningham

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Tonagarraun, Corrandulla

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.

 

Connacht Tribune

Split level home on large site in Drum

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Drum East near Bushypark

This is a superb detached family home on a large site of 1.4 acres located around 5km from Galway City.

Built in 1999, the property at Drum East near Bushypark extends to 3,000 sq ft and has around 0.75 of an acre of easily maintained gardens.

The residence is deceptive from the front as it appears to be single storey, but is in fact split level and is over three floors.

On the ground and first floors are the sitting room, kitchen, dining room, utility room, four bedrooms (two of which are en suite), main bathroom and guest toilet.

On the lower ground floor is a large open plan room suitable for a variety of uses and two further separate rooms.  All rooms are large, bright and spacious.

The care and thought that has gone into this home is evident with the quality of fittings, such as solid timber floors, tiling, kitchen fittings and bathrooms have recently been refitted with new showers, tiling and suites.

The thermal efficiencies have been improved with extensive retro fitting of insulation, including pumping walls and attic insulation.

Externally, the gardens have been planned and have matured well with natural stone wall boundary to front, mature trees and shrub beds on side and rear boundary, extensive lawn, tarmacadam drive to the front, side and rear.  In addition, there is a rear field of approximately 0.65 acres.

Drum is a popular location to the west of Galway City approximately 5km from the city centre; Boleybeg Primary School is 1km and the Salthill Devon pitches are nearby.

It offers space, privacy, scope and all the benefits of country living yet on the doorstep of the city.

■ The asking price is €575,000. The BER Rating is C1. For further information or to arrange a viewing, contact Sherry FitzGerald on 091 569123.

 

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Connacht Tribune

Online auction will be dedicated to holiday homes

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A two-bed townhouse at Weighbridge House in Oughterard is going to auction with a starting price of €120,000.

An online auction with a dedicated catalogue of holiday homes around the country will take place in July, offering a mix of houses and apartments in coastal areas, rural cottages, and high-end properties in scenic locations.

IAM Sold Property Auctions, which runs the Connacht, Leinster, Munster and Northern Ireland Property Auctions will be holding the auction on July 15.

The auction team is now inviting anyone looking to purchase or sell a holiday home in Ireland to get in contact.

Company Director Patrick Folan said: “The annual Holiday Home Property Auction event is normally held at an event in Dublin, but this year we have moved it completely online. This will accommodate buyers regardless of location in Ireland or abroad and is the ideal platform with the current travel restrictions in place.

“The auction will offer buyers the opportunity to view and purchase a wide range of holiday homes throughout the country.

“There will be a particular focus on coastal areas and also properties that include small parcels of adjoining land. Anyone looking to buy or sell a holiday home property this summer should make contact with us and we will advise from there.

“There is no cost for the homeowner to enter a property into the auction and each property will receive excellent exposure across Ireland and the UK, in both national press and online marketing streams. We are seeing a lot of enquires coming from the UK again in recent weeks. We already have a large volume of buyers coming into the market looking for their perfect getaway or indeed retirement home and the holiday home auction is an excellent route to target this market,” said Mr Folan.

For more, read this week’s Connacht Tribune.

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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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Connacht Tribune

Demand for homes is ‘extraordinarily strong’ despite pandemic

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Ballynasooragh, Mountbellew: seeking bids over €195,000 at online auction.

The Connacht Property Auction will hold their next online auctions on June 3 and July 1 and are still accepting properties from vendors to add to the catalogues.

According to the auctioneers, there is “huge demand” for properties at the moment, despite the pandemic.

Shane May said: “Previous years have shown the April to July period is particularly strong for selling residential and commercial property. While circumstances this year are very different to previous years, we are seeing huge demand for properties and our auction team are keen to speak to property owners who are considering bringing their property to the market.”

He said that with demand for property extraordinarily strong right now, property owners should consider coming to market sooner rather than later.

“We are encouraging owners considering selling their property and indeed buyers to contact us to discuss. We offer properties across the province and remain the only auction provider in Ireland who do not charge any upfront costs to entry a property into their auction,” said Mr May.

The next auction will offer a great selection of properties and while prices are continuing to increase, there is still choice and value to be found for buyers as well.

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.

Click HERE to download it for iPhone and iPad from Apple’s App Store, or HERE to get the Android Version from Google Play.

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.

 

 

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