O’Donnellan & Joyce will hold its first auction of the year tomorrow at 3pm in the Victoria Hotel, Eyre Square, Galway. There are 11 properties due to be auctioned on the day (unless previously sold ) and three of these are apartments which would provide ideal investment properties.
Two of these properties are located at Glasan, Ballybane, Nos 49 and 87. The Glasan development is located 15 metres from GMIT where you are guaranteed occupancy and substantial rental income as there are 10,000 students on the doorstep. The development is fully managed by Winters Property Management, which find tenants on your behalf and carries out a full management service which also covers 24-hour security. Each apartment is a generous size of approximately 1,000sq ft and comprises three bedrooms with space to sleep four. This is an ideal opportunity for investors who are looking for a good return without the hassle of trying to secure tenants — the agency obtains tenants not only for the academic year but also for the summer months. There are outside storage sheds along with parking for two cars. Both properties are listing an AMV of €85,000. The solicitor with carriage of sale for No 49 is Brian Doherty, Doherty solicitors, Seville House, Dock Street, Galway, phone (091 ) 567083; and acting for No 87 is Geraldine O’Malley, WB Gavin & Co, 4 Devon Place, The Crescent, Galway, phone 091 583197.
The third apartment is No 38 Gleann na Tra, Sandy Road, Galway. This is a three bedroom townhouse situated in a development of townhouses adjacent to Galway Bay FM and within 0.5 miles of the city centre. The area has an abundance of amenities including Galway Shopping Centre which is within 50 metres. The property would provide the ultimate investment or start-up home with a spacious interior with entrance hall, kitchen/breakfast room, and living/dining room. On the first floor there are three bedrooms with a master bedroom en suite. The property has quality fixtures and fittings and is decorated to the highest standard. Externally there is parking and an exceptionally large balcony to the rear. It has an AMV of €110,000, representing exceptional value for money. The solicitor with carriage of sale is Fidelma Bane, First Floor, The Plaza Offices, Headford Road, Galway, phone 091 762642.
For full details contact Colm O’Donnellan 087 2887446 or Anne Harding 086 8173335 of O’Donnellan & Joyce, 091 564212.
