O’Donnellan and Joyce will hold a major auction on Friday 30 September in the Victoria Hotel, where they will place 17 properties up for sale that are a mixture of family homes and what would be regarded as gilt-edged investments. The first of the investment properties is 86 Glasán, a three bedroomed property located directly across the road from GMIT, which is in mint decorative order and repair.
With an advised minimum value of €80,000, the open viewing is Wednesday and Saturday from 3.30pm to 4.30pm. The solicitor with carriage of sale is Ms Aoife Cadden, Fair and Murtagh Solicitors, Society Street, Ballinasloe.
The second investment property which is located in the very heart of Bohermore, just minutes away from Eyre Square, is comprised of a ground-floor commercial unit and a magnificent, spacious two bedroomed apartment on the first floor.
The property contains an advised minimum value of €120,000 and has a potential income of €16,000 per annum. The solicitor with carriage of sale is Tom O’Regan, Lower Salthill. Open viewing is between Wednesday and Saturday 11pm to 12noon.
The third investment property is that at 5 Seaman Drive, Riverside. A three bedroomed detached residence, in need of some modernisation, the property contains an unbelievable price of only €90,000. The solicitor with carriage of sale is Mary Conlon, R.G Emerson Solicitors, 13 Cross Street. Open viewing is Wednesday and Saturday from 12.30pm to 1.30pm.
Another investment property, which is an executor sale, is 3 Moyola Park, Newcastle. Comprised of four bedroomed semi-detached residence located opposite NUI Galway and within walking distance of UHG, it contains off-street parking and gardens to the front and rear.
Solicitor with carriage of sale is William Sands, Sandys and Brophy, 6 Sea Road. The advised minimum value is €200,000, with open viewing Thursday and Saturday from 3.30pm to 4.30pm. The property is an executor sale and is perfect for the student market.
41 St Mary’s Road is yet another prime investment property. Located a leisurely stroll from NUI Galway and the city centre, the property is comprised of a three to four bedroom mid-terrace residence in superb condition.
The solicitor with carriage of sale is Kilfeather & Co., The Halls, Quay Street, and the advised minimum value is €220,000. The open viewing is Thursday and Saturday from 11am to 12noon. This property is also suitable as a residential investment, as it is within a leisurely stroll of the city centre and NUI Galway. It would provide a guaranteed rental income.
The final investment property is a semi-detached house in 19 Sycamore Court, Renmore. Not only would this property be suitable as a family home, but it also contains an additional self-contained flat to the side, which would provide an exceptional rental income.
With an advised minimum value of €170,000, open viewing is Wednesday and Saturday between 12.30pm and 1.30pm. Solicitor with carriage of sale is Jennifer Carpenter, 24 Dock Street.
Colm O’Donnellan has advised that all of these properties are gilt-edged investment properties and “better than money in the bank”. Each would be suitable either for residential investments or for the purpose of a family home.
The O’Donnellan and Joyce auction will take place in the Victoria Hotel at 3pm on Friday 30 September. There are 17 properties on offer, which is the biggest auction to be ever held in the West of Ireland.