The first week in February is generally a busy one in the offices of Property Partners Maxwell Heaslip & Leonard as it marks the launch of the firm’s first auctions of the year. The first of this year’s spring auctions takes place on March 8 and sees a total of nine lots being brought to the auction floor.
“This is a really full auction due to the appetite of vendors to sell,” said auctioneer James Heaslip MIPAV. “We try to restrict the number of lots in our auctions so that we can ensure superior service and unrivalled attention is given to each lot, as our vendors deserve. Due to demand, our first auction features nine lots with a really interesting mix of properties that we feel will prove extremely successful on the auction floor.”
The first lot of the day sees an executor sale encompassing an old two-storey farmhouse and lands in Tonabrocky, Rahoon. This sale comprises five separate lots including the aforementioned house on c.4 acres (AMV €120,000); the remaining lots are made up of c11.89 acres of land (AMV €75,000), c14.6 acres of land (AMV €85,000), c0.3 acre with sheds (AMV €10,000), and c2.9 acres of land with approximately 124 acres of shared commonage (AMV €12,000). The house, on four acres, is in need of major renovation but already has a septic tank, which is a huge positive for anyone seeking a house to renovate and extend. The townland of Tonabrocky is a much sought after location which is close to the city centre and the remaining lots will appeal to those already living in the area and those looking to move to this popular location. The varying lots will ensure a mix of buyers and this promises to be an engaging segment of the auction. Viewings are by appointment and can be made by contacting the agents on 091 565261. Mary O’Malley of Russell & O’Malley solicitors in Moycullen will handle the carriage of sale.
Nos 1 and 2 Cuirt Eanna, The Long Walk
Numbers 1 and 2 Cuirt Eanna are located in one of the most picturesque locations in the city. The Long Walk has been the subject of more art works than probably any other vista in the city and surrounding areas, and it is here that Cuirt Eanna can be found, close to the historic city wall and the Spanish Arch. At the mouth of the River Corrib, this is a stone’s throw from the city centre and all it has to offer.
Cuirt Eanna is a gated residential development of townhouses which was built by one of Galway’s most reputable firms, O’Malley Construction, about 10 years ago. The properties are set out with a central landscaped courtyard and are set back from the river.
Both properties are identical, with own door access from the courtyard.
Numbers 1 and 2 are two storey properties which are approximately 650sq ft including a central hallway, a combined kitchen and living room, and a double bedroom and bathroom at first floor level each. The scheme has been very well maintained and has a proven record as one of the premium sought after letting locations in the city, due mainly to its central location and generous specifications.
“We expect that these properties will be sought after by those seeking a guaranteed return on their investment, and with a most attractive AMV of just €99,000 per unit there is much to catch the eye of prospective buyers,” said selling agent Alan Maxwell MRICS, MSCSI. “Expected rental for a one bedroom unit here would be not less than €8,500 per annum, which is still a handsome return.”
Open viewings will held on Wednesdays and Saturdays from 12 noon to 1pm and the solicitor with carriage of sale is Caroline Gore-Grimes, Gore & Grimes, Cavendish House, Smithfield, D7.
No 12 Bun Caise, Rahoon
The next lot, No 12 Bun Caise, Rahoon, is a four bedroom semidetached house located in a quiet and centrally located estate. Situated close to a large green area, this property is within walking distance of the city centre, Salthill, NUI Galway, and UHG, making it ideal as either a first time buyer or investor property. The property is situated in a quiet cul-de-sac and features spacious living areas including a kitchen and dining room, sitting room, wc with shower, and a utility room on the ground floor. At first floor level there are four spacious bedrooms and the main bathroom. “This property has a lot to offer to either a first time buyer or an investor,” said Fergal Leonard. “It comes to market in excellent condition and properties in this estate are always quick to rent due to its central location and reputation as a quiet, friendly, estate.” Interest is expected to be keen in the property ,which is guiding an AMV of €140,000. Open viewings will be held on Wednesdays and Saturdays from 1.30pm to 2.30pm and the solicitor with carriage of sale is Donal Downes, O’Dea & Co solicitors, Hardiman House, Eyre Square, Galway.
Nos 34 to 37 Cuan Glas, Rahoon
Lot No 5 is a block of four apartments located in the Cuan Glas estate on Bishop O’Donnell Road, also in Rahoon. These apartments comes to market as one lot and offer a superb opportunity for an investor to acquire a portfolio of investment properties in an excellent rental location. All four properties are currently let and earning favourable market rents. Located within walking distance of the city centre, Salthill, NUI Galway, and UHG, there will always be demand for such properties. Currently all four properties are rented on long-term leases under the RAS scheme. “The apartments are being sold with the long-term RAS leases in place, meaning that the new owner will benefit from an instant, guaranteed, return on their investment,” said Fergal Leonard. Each apartment has two bedrooms and an en suite bathroom. These spacious apartments, measuring c750sq ft, feature a separate working kitchen and living/dining area. The apartments are guiding an attractive AMV of €300,000. Open viewings will take place on Wednesdays and Saturdays from 3pm to 4pm, and the solicitor with carriage of sale is Gareth O’Connell, Amos solicitors, 26 Burlington Road, Ballsbridge, Dublin 4.
Lot No 6 is a large detached residence in the town land of Farravaun, Monivea. In need of completion, the house comprises 310sq m of living space with a further c800sq ft of attic space. Built on a site comprising approximately 0.8 acre, the house is plastered with the electrical works complete and is ready for the next owner to put his/her own stamp on it. An excellent aspect and large, bright, and spacious living areas are among the qualities which will have buyers excited about this home. Located just 20 minutes from Galway city, this wonderfully spacious property will make an ideal family residence in a picturesque rural location. The property is guiding an extremely attractive AMV of €85,000. Open viewings will take place on Wednesdays and Saturdays between 12 noon and 1pm, and the solicitor with carriage of sale is Damian Hand, Kane Tuohy solicitors, The Malt House North, Grand Canal Quay, Dublin 2.
Land at Mountain Road, Moycullen
The seventh lot consists of c3.67 acres of land on the Mountain Road, Moycullen, which comes with full planning permission for 24 residential units — 19 detached, two semidetached, and three terraced. An extension of time for this development was granted in July 2012, which now extends the grant of planning permission to the summer of 2017. The site could be considered for a different type of development such as larger sites with larger houses — this would obviously be subject to planning permission. With the lands on offer with a very realistic advised minimum value of €125,000 huge interest is expected. The lands are located on the mountain road, within walking distance of the village centre and all amenities the Moycullen village has to offer are nearby. The solicitor with carriage of sale is Michael Bradbury of Michael J Bradbury & Co, Glenrock Business Park, Tuam Road, Galway.
Lot No 8 is a bungalow in the picturesque and renowned village of Clarinbridge. This home is located on the Galway side of the village, sitting on a site of c0.2 acre and measuring c112sq m. This bungalow comes to the market in good condition and offers a fantastic opportunity to create a beautiful family home in this friendly and welcoming community, without the need for major renovation. The property has the added advantage of being zoned Village Centre (Mixed Development), therefore it would also have a commercial benefit. Accommodation includes a sitting/dining room, kitchen, three bedrooms, bathroom, and wc. The AMV on this property is an attractive €135,000 and open viewings will take place every Wednesday and Saturday from 2pm to 3pm. The solicitor with carriage of sale is Caroline Gore-Grimes, Gore & Grimes, Cavendish House, Smithfield, Dublin 7.
Commercial unit, Clarinbridge
The final lot of the day is a commercial unit on c0.3 acre in Clarinbridge. The unit measures c2,000sq ft, spanning two levels and includes a workshop to the rear of the building measuring c3,000sq ft and a yard to the side measuring c6,630sq ft. The property is fully alarmed and comes to the market in need of repair. Located right in the heart of Clarinbridge village, this property would have many uses as it is zoned Village Centre. The AMV on this property is an attractive €190,000. Viewings are by appointment and can be made directly with the agents by contacting 091 565261. The solicitor with carriage of sale is Caroline Gore-Grimes, Gore & Grimes, Cavendish House, Smithfield, Dublin 7.
The auctions will take place on Friday March 8 in the Imperial Hotel, Eyre Square, at 3pm.
Further information on all lots is available by contacting Property Partners Maxwell Heaslip & Leonard on 091 565261.