O’Donnellan & Joyce will hold the largest executor property auction in the country when 10 properties go under the auction hammer tomorrow (Friday ) at 3pm in the Victoria Hotel.
Colm O’Donnellan of O’Donnellan & Joyce auctioneers explained that the role of the executors is to organise the disposal of the houses, and the proceeds can be distributed among the remainder of the family and beneficiaries on someone’s death. O’Donnellan & Joyce has been asked by eight different executors to dispose of their homes and is placing them up for auction tomorrow. Two private auctions will also be held, bringing the total to 10 houses going under the hammer at tomorrow’s event.
All of properties are located in established Galway city locations including Woodquay, Newcastle, Prospect Hill, the Claddagh, Salthill, and Canal Road. O’Donnellan & Joyce has valued each property extremely keenly as the executors and clients want to dispose of these homes so that they can distribute the proceeds of the sales.
The first property to be auctioned is No 29 St Nicholas Road, Claddagh, which comes with an AMV of €140,000. The property has three bedrooms and a large garden, and is in need of extensive refurbishment. This is a very attractive price for this location and excellent interest is anticipated. The solicitor acting is Maria O’Brien, Henry Comerford & Co, No 3 Montpelier Terrace, Sea Road, Galway.
The second property to be auctioned is Ard Aoibhinn, St Bridget’s Terrace, just off Eyre Square, which has an AMV of €180,000. This is a four bedroom detached residence with a self-contained flat to the side and a large front garden. It is extremely well located just off Eyre Square and would provide an excellent family home or gilt edged residential investment. The solicitor for the executors is Ciara Lennon of RDJ Glynn, Aengus House, The Docks, Galway.
The third property to be auctioned is No 29 Upper Fairhill Road, Claddagh, which has an AMV of €250,000 and is maintained in immaculate condition, described by the auctioneers as a real gem and a perfect start up home. Accommodation includes three large bedrooms and the property has been refurbished in recent years. Solicitor for the executors is Breda Tierney, Kieran Murphy & Co, No 9 The Crescent, Galway.
The fourth property to be auctioned is No 8 Walsh’s Terrace, Woodquay, which comes with an AMV of €320,000. This property is probably the best located of all the properties on offer, situated in the very heart of Woodquay on a high profile corner. It is suitable as a large family home or conversion for commercial purposes. It contains six large bedrooms. The solicitor for the executors is Breda Tierney, Kieran Murphy & Co, No 9 The Crescent, Galway.
The fifth property to be auctioned is No 17 Lower Newcastle Road with an AMV of €350,000. According to Colm O’Donnellan, auctioneer, this property is in very close proximity to NUIG which is just a stone’s throw from this magnificent terraced residence. This property contains a large extension to the rear, is full of character and charm, and provides a special family home beautifully appointed on the main Newcastle Road. The solicitor acting is Rory Deane & Co, Solicitors, Temple House, No 8 Templeshannon, Enniscorthy, Co Wexford. The sixth property to be auctioned is No 44 Grattan Park, Salthill, with an AMV of €400,000. This detached residence is situated in a traffic-free cul de sac just off Salthill Promenade, offering an exceptional family home in this very special location. Solicitor with carriage of sale is Kevin Rooney, KJ Rooney & Co, Eglinton Street, Galway.
The seventh property to be auctioned, on the instructions of a private client, is one of the most beautiful townhouses available in Galway city. Situated at No 2 Canal Court, this modern two/three bedroom townhouse offers unobstructed views overlooking the canal and is located within two minutes’ walk of NUIG and within 400m of the city centre. The property has an AMV of €380,000. The solicitor with carriage of sale is Benan Fahy, Bridge Street, Galway.
The eighth property to be auctioned is No 36 Newcastle Road, Galway. A terraced residence with enormous commercial potential, it is located adjacent to the gates of NUIG. Situated on a high profile site it a 130ft rear garden. This property contains unlimited potential on one of the largest sites in this vicinity. AMV is €350,000. Solicitor for the executors is Deirdre O’Connor, Cross Street, Galway.
The ninth property to be auctioned is No 1 South Park Terrace, Claddagh. This property was due to be auctioned last July but has been delayed in order to be placed up for sale in this major September auction. This three bedroom home is on a large double site in an excellent location. It offers unobstructed views overlooking Galway Bay and the surrounding coastline and Salthill Promenade. The AMV of this property is €250,000. Solicitor for the executor is Joseph Caulfield, Castlerea, Co Roscommon.
The final property to be auctioned is Dunsinane, Corcullen, on the instructions of private clients. This secluded five bedroom family home is on a magnificent site, four miles from Galway city and minutes from Moycullen village. The AMV is €450,000. Solicitor is Michael Molloy, Blake & Kenny Solicitors, St Francis Street, Galway. According to Colm O’Donnellan of O’Donnellan & Joyce this is a tremendous opportunity for buyers as all executors and clients are anxious to sell properties and dispose of the assets. Each home is extremely attractively priced and this is possibly one of the best opportunities buyers will have to acquire prime properties at attractive prices in these very central and attractive locations.
For further details on this major auction contact O’Donnellan & Joyce (091 ) 564212, Colm O’Donnellan (087 ) 2887446, Tony Joyce (086 ) 2529110, or Anne Harding (086 ) 8173335.
