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Series of investment opportunities to go under the hammer

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Royal Rock, Ballybane AMV €50,000

O’Donnellan & Joyce Auctioneer hold their next auction on April 17, with a total of 30 properties set to go under the hammer, in a mix of residential, investment and commercial opportunities.

The first commercial property is located in the heart of the busy town of Claremorris, Co Mayo and is made up of a mix of four retail units with nine residential apartments overhead.

Three of the commercial units are held on long leases by the well established Paul Byron Shoes, while the fourth unit is operating as a laundrette. The residential units are located overhead and there are currently four out of the nine units rented.

The Advised Minimum Value is €300,000. Open viewings on Thursdays from 1.30pm to 2.30pm.

Situated on the edge of Moycullen village are two units located within the Kilrainey commercial complex. Both units are being sold individually. Unit 1, which is currently vacant and measures approximately 900 sq ft, was previously run as a takeaway. It would be suitable for a number of different uses. Open viewings take place on Wednesdays from 6pm to 7pm.

The second unit is Unit No 6 and is currently leased as a hardware store. At 900 sq ft it is generating a rental income of €1,000 per month. Both units face directly onto the main Galway/Clifden Road.

The AMV for each unit is €70,000.

A retail unit with an apartment overhead located at Old Street, Athenry will also go under the hammer. The ground floor unit measures 600 sq ft and is currently leased to NCBI (National Council for the Blind), generating a rental income of €600 per month.

There is a three-bed apartment overhead which requires modernisation. The apartment contains its own separate entrance off the main street.

The AMV is €80,000. Open viewings take place on Wednesdays and Saturdays from 11am to noon.

There are two industrial/warehouse units for auction in the Ballybane Industrial Estate on the Tuam Road in Galway. Both enjoy high profile locations, with neighbouring businesses such as McDonoghs Hardware and Citylites.

The first one is No 9 Royal Rock and comprises a ground floor warehouse with office space overhead and measures 1,850 sq ft. The ground floor is currently let to Galway Garden Machinery Repairs. The first floor is office space avails of its own separate entrance and toilet facilities.

The AMV is €50,000.

The second property is a warehouse unit of 6,400 sq ft with a mezzanine floor of 1,500 sq ft. This property is currently vacant and would be suitable for a number of different usages.  The AMV is €230,000. Open viewings are Wednesdays and Saturdays from 10am to 10.30am.

The final commercial property to be auctioned will be Unit 2 Buttermilk Walk off Middle Street in Galway. The unit comprises two ground floor retail units extending to 620 sq ft.

Each unit has its own entrance with shared storage space to the rear.

The AMV is €90,000. Open viewing is on Friday from 5pm to 5.30pm.

■ For further information, contact O’Donnellan & Joyce Auctioneers on 091 564212 or visit odonnjoyce.com

Connacht Tribune

Finance Minister among key speakers at three-day conference on the regions

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David Minton, Director of the Northern & Western Regional Assembly.

Balanced and sustainable regional development will be top of the agenda when new Finance Minister Michael McGrath addresses a special three-day Regions in Focus 2023 event beginning next Tuesday week, February 7.

The Association of Irish Regions (AIR) event will see a host of leading academics and industry experts gather for workshops, seminars and specialised training from February 7 to 9 at the Four Seasons Hotel in Coolshannagh, Co. Monaghan.

And the future development of counties, including Galway city and county, will be discussed and debated at the event attended by leading figures from industry, academia, and policymaking.

Attendees will also include representatives from Ireland’s three regional assemblies, who will offer their perspectives on the big challenges facing Ireland’s regions, including climate change, regional inequality, and the transition to renewable energy.

David Minton, Director of the Northern and Western Regional Assembly, which covers Galway and the North West, admitted that recent years had been difficult for the region.

“We’ve seen longstanding economic fault lines such as the shortage of housing and reliance on non-renewable energy exacerbated by the war in Ukraine and the continuing fallout of the Covid-19 pandemic and Brexit, placing further pressure on households and businesses,” he said.

“Events such as Regions in Focus 2023 give us the opportunity to meet with lawmakers and leading experts in industry and academia, to exchange ideas about how to improve the prospects of our respective regions for the benefit of the whole economy.

For more, read this week’s Connacht Tribune.

Connacht Tribune Digital Edition App

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CITY TRIBUNE

Digital Accounting degree adds up for ATU Galway

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ATU Galway...Digtital Accounting.

ATU Galway has unveiled a new honours degree in Digital Accounting. The four-year, Level 8 degree (including a work placement in year three) offers the best of both worlds – careers in accounting and in the rapidly growing digital business field.

Students can expect a strong focus on practical learning, work placement and projects.  Much of the learning will take place in specialized classrooms and laboratories.

Applicants for this degree do not need to have studied accounting or business previously, nor do applicants need to have studied honours maths.

Furthermore, there is no need to be a ‘techie’ or be into computing – there is no coding or software development involved as the degree focusses on using software products as tools for Digital Accounting and Digital Business.

“Our aim is to prepare students to operate successfully in ‘real world’ situations,” explained Deirdre Lusby, Head of Department of Business & Accounting at ATU Galway.

“We have a top class and dedicated lecturing team and access to the latest technologies so students can develop the knowledge, skills, and professional competencies they will need for their future careers”.

“Lecturers on this programme are highly qualified professional accountants and digital technology specialists, many acting as examiners and lecturers for the professional accounting bodies,” added Seamus Lennon, Head of School of Business at ATU Galway.

“They maintain very close links with all of the professional bodies, industry, and employers.  We are extremely excited about this new degree programme, with graduates having career options in areas such as accounting, business, blockchain, systems analysis and digital auditing.”

For more information, go to www.atu.ie.

 

 

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Connacht Tribune

Workers seek new horizons

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Survey...Barry Whelan, CEO of Excel Recruitment.

Employers could have a fight on their hands to hold onto their staff this year – after a new survey revealed that six in ten workers could potentially change jobs in 2023 and almost one in three are definitely considering it.

These are the findings the Excel Recruitment Employee Feedback Survey, released in tandem with Excel Recruitment Annual Salary Guide 2023), which show that in terms of salaries across the board, the recruitment specialists are seeing a percentage swing of increase in the median of three to eleven per cent.

The new research has revealed that while this time last year, 65 per cent of employers signalled salary increases in the upcoming year, this has risen to 71 per cent twelve months later, as most employers say pay rises are definitely being considered.

“The ‘Great Resignation’ of 2022 has massively affected employers, especially when organisations urged workers to return to their respective offices,” revealed Barry Whelan, CEO of Excel Recruitment.

“It led to companies increasingly having open positions, which caused disruptions in their daily operations. The remaining employees needed to compensate for the lack of manpower leading to immense workloads and also driving employee burnout which affected their overall performance and productivity.

As well as driving up wages, high employee expectations are forcing more employers to offer a hybrid working option.

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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