O’Donnellan & Joyce will auction five city centre apartments which are bound to stir up enormous interest when they are placed for sale in the company’s must-sell property auction on December 16.
The first apartment to be auctioned is 35i Merchants Dock, Merchants Road, Galway. The property, which is situated just off Eyre Square, is located on the fourth floor of this modern development. Colm O’Donnellan of O’Donnellan and Joyce auctioneers describes the property as a gilt-edged investment as it is located in the heart of the city centre and is guaranteed to produce an all year round rental income. This apartment would be suitable as an investment or as an owner occupier looking for a quality city centre home. The property is circa 800sq ft and comprises an open plan lounge/kitchen/dining room extensively fitted with modern presses and worktops, two bedrooms, master en suite, and a bathroom. The AMV is €115,000.
The second apartment to be auctioned off is located at the Waterfront on Bridge Street. This property is appropriately named as it is located in one of the most central developments in the city, situated adjacent to the River Corrib and the canal, and just seconds from Shop Street and Dominick Street. No 19 The Waterfront is a two bedroom apartment, approximately 750sq ft, located on the second floor. Accommodation comprises entrance hall, lounge, kitchen/breakfast room, bathroom, and two double bedrooms. The rarity of apartments in this are on the market makes this a perfect opportunity for a savvy investor or owner occupier. The AMV is €110,000.
The third property to be auctioned will be a property at Caladh Mor, Woodquay. Located moments away from the River Corrib, this property is tucked away from passing traffic, giving significant privacy. Once again this would be the perfect investment as No 2 Caladh Mor guarantees a year round rental income as a result of its central and much sought after location. The AMV is €85,000.
Also up for auction on the day are two three bedrooms houses located in Glasan, Ballybane, said by the agents to be the perfect residential investment with 10,000 students on its doorstep. Glasan is a student village located five minutes from GMIT, guaranteeing occupancy and substantial income. This is a superb residential investment and would provide an exceptional yield. The AMV is €85,000 and the houses are being offered fully furnished.
With major concerns over the devaluing of the euro, residential investments such as these five apartments at low cost and with attractive yields are bound to attract savvy investors.
For further details on any of these remarkable properties contact Colm O’Donnellan (087 ) 2887446 or Anne Harding (086 ) 8173335 of O’Donnellan & Joyce (091 ) 564212.
