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Large variety of investment properties set for auction

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The Square, Tuam

O’Donnellan & Joyce have a number of substantial investment properties for sale in their ‘Wild Atlantic Way’ summer auction which takes place on June 17.

Around 50 properties – with Advised Minimum Values totalling €9 million – along the Western seaboard will go under the hammer.

Auctioneer Colm O’Donnellan said: “There’s tremendous selection and variety which are very attractively priced, from high-profile licenced premises to gilt-edged investments throughout the Western seaboard.

“There are some excellent ground floor retail premises for sale with residential units overhead, giving the discerning investor or owner occupier the best opportunity to purchase properties with a combination of rental income streams.”

Among the investment properties included in the catalogue are:

Lohan’s Bar & Restaurant, Salthill. A prime property with five apartments overhead, all of which have views overlooking Galway Bay. The premises has a fully-fitted kitchen, and also includes an off licence.

The apartments at Darcy Court overhead comprise a communal entrance hall with stairs and a lift to first, second and third floors. There are 2 two-bed apartments on the first floor, 2 two-bed apartments on the second floor and a luxurious four-bed apartment on the third floor (originally designed as 2 two-bed apartments).  The rental income per apartment is in the region of €800 per month, while the 4 bedroom apartment is being sold with vacant possession.

There is a communal garden terrace on the second floor with the apartments accessible from Lenaboy Avenue.  The AMV for the block is €1.15m.

E.G. Canavan’s Bar, High Street, Tuam. Traditional licenced premises on the ground floor with smoking area and rear yard.  There are four office units overhead which could easily be converted for residential use. There are open viewings Saturdays from 2.30pm to 3pm. The AMV is €260,000.

For more, read this week’s Connacht Tribune.

 

Connacht Tribune

A home with room for an income

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The refurbished house at Dun na Mara, Renmore.

Renmore has long been regarded as one of the most popular areas of Galway City in which to live.

It’s conveniently located close to the city as well as a host of schools, shops, sporting and recreational amenities and facilities.  The Bon Secours, Merlin Park and Galway Clinic hospitals are nearby as well as GMIT.

Dun na Mara is a private and popular area which offers a number of 3 and 4-bedroom family homes.

Number 9 is a stunning owner-occupied residence that has been substantially upgraded and modernised in recent times. The current owners have spared no expense in creating a wonderful family home environment with careful attention to detail and decor found throughout.

The accommodation comprises a bright entrance hall with feature tiling, a wonderful lounge room which is part open plan with the kitchen and dining room.

The dining area has double doors leading to the private rear garden which is beautifully designed and requires little maintenance.

A spacious self-contained apartment is located to the side of the property which has full planning permission and offers additional income.

Alternatively it can be rearranged to the original layout which was a bedroom/office or playroom, utility and toilet.

For more, read this week’s Connacht Tribune.

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Historic property has potential for a variety of uses including tourism

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The landholding in Ballygar.AS

Located at on the Galway-Roscommon border at Mount Talbot, Ballygar, Thornfield presents an opportunity to purchase a valuable holding of prime lands and historic walled garden.

The property was once the site of Thornfield House, now demolished. Remaining is the ornate entrance erected circa 1840, a protected structure comprising inner and outer piers of channelled ashlar limestone with cast-iron railings and gates between.

This is one of the entrances to the lands comprising 12.3 hectares (30.4 acres) which are almost all prime quality farm lands laid out in one division. They are bounded on two sides by the N63, on one side by a minor public roadway and on one side by the River Suck. A small portion 1.2 hectares (3 acres) along by the river is in the National Heritage Area and Special Protection Area.

A pathway from the ornate entrance leads to the old cobbled courtyard, ruins of a two storey house, imposing old stone outbuildings with bell tower and the magnificent former walled garden. These historic structures have the potential for restoration and the possibilities are endless.

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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Connacht Tribune

Substantial home offers loads of space – in the perfect location

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Oozing style: Gortanumera, Portumna.

The pandemic has changed the landscape on many fronts, but among the rare positives has been a refocusing of the property market – with more and more buyers realising the advantages of relocating to the country.

Remote working might have arrived out of necessity, but both employers and employees have embraced the merits of rural life – at a fraction of the price of city living.

That is why there is bound to be significant interest in this magnificent family residence, located at Gortanumera, Portumna.

This substantial property – coming with a guide price of €395,000 – is set on a large, elevated south-facing site, with views of the Sliabh Aughty Mountains and the rolling hills of the East Galway countryside.

Constructed 2009/10 and extending to 4,574 sq.ft (424.9sq.m), this splendid home is a fine example of quality craftsmanship and attention to detail as is evident on walking throughout its bright, spacious and comfortable interior.

The property comprises five double bedrooms, five bathrooms, spacious luxury fitted kitchen, breakfast room, an impressive reception room, home office, a double integral office and an additional double garage.

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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